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    6020 Nicollet Ave Minneapolis, MN 55419

    Sponsored
    For Sale
    $990,000

    Prime Minneapolis Office Space: 5,500 SF, $990K

    Property size:
    5,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5,500 square foot office building, located at 6018-6020 Nicollet Avenue in Minneapolis, Minnesota, presents a compelling investment opportunity. Classified as a Class B property, this single-tenant building offers a blend of creative and traditional office space, perfectly suited for owner-occupancy. The building boasts 2,750 square feet of net rentable space, priced at $180 per square foot. A complete renovation was undertaken in 2021, enhancing its appeal and functionality. Further improvements include a new rooftop unit installed in 2022, ensuring efficient climate control. The property is zoned C1 and features a generous 20 parking stalls, a significant advantage in this location. Its convenient location near Highway 62 and I-35W provides easy access to major transportation routes. Furthermore, it's just minutes away from Lake Harriet, the Mall of America, Minneapolis' downtown area, and Minneapolis-St. Paul International Airport. This property sits in a desirable and safe neighborhood, making it an attractive option for businesses seeking a high-quality workspace. The Hennepin County address is 6020 Nicollet Ave, Minneapolis, MN 55419, with APN 22-028-24-34-0123. This presents an excellent opportunity for a business seeking a well-maintained, conveniently located office space with ample parking.

    Property Features for 6020 Nicollet Ave

    General Information

    Property type
    Office space
    Square Feet
    5,500 SF
    Class
    B

    Building Details

    Year Renovated
    2021

    HighLights

    • 5,500 SF Class B office building in Minneapolis, MN, ideal for owner‑occupancy.
    • 2,750 SF of net rentable space priced at $180/SF.
    • Completely renovated in 2021 with a new rooftop unit installed in 2022.
    • 20 parking stalls and C1 zoning.
    • Excellent location near major highways, Lake Harriet, Mall of America, and MSP Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Greyduck Collective Coworking Space You Betcha Creative ... Video Production Service Taqueria Victor Hugo ... Mexican Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2784266
    Latitude
    44.8935011

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    FAQs

    What type of property is this?
    Office space - Prime Minneapolis Office Space: 5,500 SF, $990K
    Where is this office space located?
    The property is located at 6020 Nicollet Ave Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 5,500 SF Class B office building in Minneapolis, MN, ideal for owner-occupancy.; 2,750 SF of net rentable space priced at $180/SF.; Completely renovated in 2021 with a new rooftop unit installed in 2022.
    Request Owner's contact information
    6020 Nicollet Ave Minneapolis, MN 55419
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    Minneapolis, MN 55419
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6020 Nicollet Ave Minneapolis, MN 55419
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