6020 Nicollet Ave Minneapolis, MN 55419
- Commercial real estate
- 2,750 SF
- 0.29 lot acres
Current Use by Public Records
- Greyduck Collective / Coworking Space
- You Betcha Creative Agency / Video Production Service
- Taqueria Victor Hugo #2 / Mexican Restaurant
Property Details for 6020 Nicollet Ave
- Year built
- 1952
- Construction
- CONCRETE
- Lot size
- 0.29 lot acres
- Property size
- 2,750 SF
- Zone code
- C1
- Property type
- Commercial real estate
- APN
- 22-028-24-34-0123
- APU
- 2202824340123
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $445,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $475,000
- Mixed-Use
- $445,000
- Hospitality
- $430,000
- Educational
- $420,000
- Residential Income
- $390,000
- Energy
- $345,000
- Income-Based Land
- $470,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2785
- Latitude
- 44.8936
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
