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Skyway Retail Suite with Flexible Layout
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706 S 2nd Ave, Minneapolis, MN 55402

Second-floor suite at Baker Center includes a former conference room option within a downtown Minneapolis skyway retail environment.

Space Size303 SF
Days on Market762

Property Features for 706 S 2nd Ave

General Information

Standard status Active
Size 303 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
6
Size
303 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: Sep 12 Last Checked: Sep 12 at 11:20AM

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 a mix of street-level and skyway-level retail and service spaces with prominent glazing. The second-floor availability includes a 706 Building suite footprint listed at 956 SF, identified as a former conference room space. Suites in the building range in size and can be configured to fit retail and service needs.

The property is positioned in downtown Minneapolis with access to the city’s skyways and nearby transit connections. Public remarks note strong pedestrian activity within the skyways and light rail access described as two blocks away.

For leasing inquiries, additional suites are available on both the first and second floors, with lease rates noted as negotiable for the available spaces.

Key Highlights

  • Baker Center in downtown Minneapolis with street level and skyway level retail/services space and floor‑to‑ceiling glass on Marquette Avenue, 2nd Avenue, 7th & 8th Streets
  • Nearly 1,000,000 SF of newly renovated office space supporting multiple on‑site co‑tenants
  • Up to 4,711 SF street level restaurant space available; building offers 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 - Second-floor suite at Baker Center includes a former conference room option within a downtown Minneapolis skyway retail environment.
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 with street level and skyway level retail/services space and floor‑to‑ceiling glass on Marquette Avenue, 2nd Avenue, 7th & 8th Streets; Nearly 1,000,000 SF of newly renovated office space supporting multiple on‑site co‑tenants; Up to 4,711 SF street level restaurant space available; building offers flexible lease terms for pop up shops
(612) 327-7048 Call to check price and availability
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