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Property profile & analytics

300 Nicollet Mall Minneapolis, MN 55401-1925

  • Commercial real estate
  • 326,400 SF
  • 2.47 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US46-0760722
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Nicollet Theater in the Round / Event Venue
  • Minneapolis Central Library / Public Library
  • VlogMN / Entertainer
  • Nimbus sculpture / Sculpture
  • James K. Hosmer Special Collections / Public Library / Library

Property Details for 300 Nicollet Mall

Year built
2005
Construction
STEEL FRAME
Lot size
2.47 lot acres
Property size
326,400 SF
Zone code
B4-2
Property type
Commercial real estate
APN
22-029-24-44-0012
APU
2202924440012

Description

This exceptional insurance agency in Minneapolis, Minnesota, presents a lucrative investment opportunity. Located at 300 Nicollet Mall, zip code 55401, Hennepin County, this well-established business boasts a strong reputation and impressive client retention, built on a commitment to exceptional personal service. Generating a gross revenue of $932,274 and a strong Seller's Discretionary Earnings (SDE) of $552,913, this agency offers significant financial potential. The asking price is $2,390,000, with attractive seller financing available: $239,000 at 7% interest over 60 months. The agency operates Monday through Friday, 8 AM to 5 PM, and is supported by a dedicated team of seven licensed staff members. The current owner, who is semi-retiring, will provide eight weeks of support and training to ensure a smooth transition. Included in the sale is approximately $20,072 in furniture, fixtures, and equipment (FF&E). A non-compete agreement is in place for 50 miles over five years. This is a rare chance to acquire a thriving, profitable business with a solid foundation for continued growth and success.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Minneapolis
County
Hennepin
State
Minnesota
Longitude
-93.2701
Latitude
44.9806
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$87,092
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
More about this property
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