Technical
Financial
Distress signals
Property profile

1515 Nicollet Ave Minneapolis, MN 55403

OFF-MARKET
Commercial real estate
Property ID
US46-3250134
6,000 SF 0.2 ac lot Built 1929
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1929
Construction CONCRETE
Total area 6,000 SF
Lot 0.2 ac (8,712 SF)
Zoning code C2
APN 27-029-24-42-0080
UPID US46-3250134

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Video Duplication Service
  • (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Courier Service Postal Service

Location

1515 Nicollet Ave Minneapolis, MN 55403-2723
Minneapolis metro Census 105204 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$678k
Blend (final) Blend
$560k

Owner & transaction history

4 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Minneapolis, MN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1515 Nicollet Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message