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706 S 2nd Ave, Minneapolis, MN 55402

Street-level suites with floor-to-ceiling glass and available skyway space at Baker Center in downtown Minneapolis.

Space Size3,026 SF
Days on Market762

Property Features for 706 S 2nd Ave

General Information

Standard status Active
Size 3,026 SF
Property subtype OFFICE
Lease Type NNN

Additional Details

Flexible Term Yes

Building Details

Tenancy Multi

Spaces For Lease

at 706 S 2nd Ave Contact us

Baker Center Bldg 706 $17.50/SF/Yr

Floor
8
Size
3,026 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
Renovated and including all of the amenities today’s modern workforce demands,...
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Listing Agency: JLL
Listed By: Brent Karkula · License #20135879
Source: Moodyscre
Added: Aug 13, 2024 Changed: Aug 25 Last Checked: Sep 12 at 6:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL

Investment Insights

Based on property information with market context.

Baker Center offers premier retail and service opportunities with street-level spaces featuring floor-to-ceiling glass, along with highly visible skyway-level suites. Availability includes multiple first-floor configurations, including 1,706 SF (Suite 100) and options up to 6,744 SF (Suite 150), with select suites available as contiguous space. The second floor also features a range of suite sizes, including 405 SF (Suite 275) up to 3,590 SF (Suite 282), plus a current coffee shop space.

The building is positioned in downtown Minneapolis with pedestrian traffic highlighted in the skyways, supported by nearby co-tenants including Metro Transit, Sir Speedy, Fast Signs, Omni Invictus, J&D Dental, Hen House Eatery, and Sew Biz Tailoring on the first floor, and retailers and offices on the second floor. Marquette Avenue and other surrounding streets list vehicular traffic counts in the thousands of vehicles per day, and light rail service access is noted two blocks away. Parking may be available via a building parking ramp, with 3,400 stalls within a one-block walk.

Street-level retail includes an up to 4,711 SF restaurant space, and flexible lease terms are available for pop-up shops.

Key Highlights

  • Baker Center in downtown Minneapolis features nearly 1,000,000 SF of newly renovated office space
  • Prime street‑level retail/service opportunities with floor‑to‑ceiling glass along prominent Marquette Ave, 2nd Ave, 7th St & 8th St
  • Up to 4,711 SF restaurant space available, plus flexible lease terms for pop‑up shops

Property Analytics

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Current Use

CATS Software Inc. (Bike/Boat/Book/etc) Store Aleran Software Inc (Bike/Boat/Book/etc) Store Memorial Blood Centers Blood Bank Brehm Group: Bird ... Insurance Agency NBW Insurance Group Insurance Agency

Suggested Use

Top Pick Electrical Service Auto Parts Store Pet Grooming Service Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.63 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,070
Businesses Nearby
85k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 84% Shops & Services 10% Dining 5%
Embassy Suites By Hilton Minneapolis Downtown Hotels & Casinos
22,460 visits/mo 0.3 miles
Renaissance Minneapolis Hotel, the Depot Hotels & Casinos
15,872 visits/mo 0.4 miles
Hampton Inn & Suites Minneapolis/Downtown Hotels & Casinos
10,010 visits/mo 0.4 miles
Residence Inn by Marriott Minneapolis Downtown at The Depot Hotels & Casinos
7,558 visits/mo 0.5 miles
Wells Fargo Shops & Services
7,070 visits/mo 0.3 miles

Demographics for 55402, MN

682
Population
564
Households
1.2
Avg Household Size
33
Median Age
60%
College-Educated
95%
High-School Grad
0.2 sq mi
ZIP Area
3,410
Density / Sq Mi
$69,808
Median Household Income
$51,399
Median Earnings
$1,650
Median Rent
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Minneapolis, MN

$17.99 /SF/Yr
Avg Asking Price
$12–$24 /SF/Yr
Price Range
6,398 SF
Avg Space Size

This space is priced 3% below the average of $17.99 /SF/Yr.

Vacancy Rate% for Retail in Minneapolis, MN

5.8% 2019
6.4% 2020
5.7% 2021
4.9% 2022
4.2% 2023
3.7% 2024
4.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Street-level suites with floor-to-ceiling glass and available skyway space at Baker Center in downtown Minneapolis.
Where is this retail space located?
The property is located at 706 S 2nd Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $17.50 SF/Yr.
What are key features of this property?
This property features: Baker Center in downtown Minneapolis features nearly 1,000,000 SF of newly renovated office space; Prime street‑level retail/service opportunities with floor‑to‑ceiling glass along prominent Marquette Ave, 2nd Ave, 7th St & 8th St; Up to 4,711 SF restaurant space available, plus flexible lease terms for pop‑up shops
(612) 327-7048 Call to check price and availability
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