Gaviidae

Minneapolis, MN 55402
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Property Description

651 Nicollet Mall
Minneapolis, MN 55402

Status: For Lease

Property Type: Office,Retail

Retail/Office Space For Lease On The Nicollet Mall!

Minneapolis is home to an expansive skyway system that is 11 miles long and connects various downtown buildings within a full 80 city block area. It is known to be one of the largest indoor systems in the world. Several condominium and apartment complexes are skyway-connected as well, allowing residents to live, work, and shop downtown without having to leave the skyway system.

Gaviidae is within walking distance of the city’s most prominent sports, art, dining, and entertainment venues, most notably The Orpheum, Target Field, Target Center, US Bank Stadium, The Guthrie, Walker Art Center, and Orchestra Hall.

Located on Nicollet Mall, Nicollet Mall plays a vital role in Minneapolis’ competitive edge as a place that people want to live. Its renovation was central to the Minneapolis downtown council’s intersections: Downtown 2025 Plan and a vision for downtown as a more inviting place for families, workers, and tourists to live, work, play, and visit. The redesigned Nicollet Mall is expected to inject $105 million in new revenue, add nearly 3,000 jobs in downtown, and increase property values in the area by $57 million. As such, Nicollet Mall is more than just a street – it is the outside world’s window onto the state and the region, and the place where business owners and investors get their ?rst impression of Minnesota’s potential for growth.

Nicollet Mall has long been downtown’s core shopping and entertainment artery. It's comprehensive remodel has enhanced the experience for visitors, workers, and the area’s growing residential population. With motor vehicles restricted to buses and taxis, this mile-long, go-to pedestrian oasis is lined by bar and restaurant sidewalk seating, art, bountiful greenery, and many shopping options.

Highlights and Features:

  • Located with frontage on Nicollet Mall
  • Skyway connected to Wells Fargo Tower, IDS Center, City Centre and RBC Plaza
  • Current retailers include; Cocoa & Fig, Freshii, Caribou Coffee, Brueggers Bagels, YMCA, and Bright Horizons
  • YMCA Now Open!
  • The skyways connect the second and third floors of various office towers, hotels, banks, corporate and government offices, restaurants, and retail stores to the Nicollet Mall shopping district, the Block E Entertainment Target Center, Target Field, and U.S. Bank Stadium

Demographics and Traffic Counts:

  • Population: 1 mile - 34,759, 3 miles - 246,897 and 5 miles - 472,989
  • Daytime Population: 1 mile - 171,402, 3 miles - 343,250 and 5 miles - 480,948
  • Median HH Income: 1 mile - $51,428, 3 miles - $40,200 and 5 miles - $53,175
  • Average HH Income: 1 mile - $84,783, 3 miles - $66,598 and 5 miles - $79,882
  • Median Age: 1 mile - 34.1 yrs, 3 miles - 29.7 yrs and 5 miles - 33.1 yrs
  • Traffic Counts: S 6th Street - 16,838 vpd and Nicollet Mall - Bus and pedestrian traffic only

Street Level Space Available:

  • Suite 107: 1,407 sf
  • Suite 119: 1,105 sf
  • Suite 125: 2,197 sf
  • Suite 130: 780 sf
  • 2021 CAM: $8.50 psf and Tax: $4.50 psf
  • Lease Rate: $20.00 psf

Skyway Level Space Available:

  • Suite 201: 700 sf
  • Suite 202: 702 sf
  • Suite 203: 702 sf
  • Suite 204: 921 sf
  • Suite 201, 202, 203 and 204 contig to 3,025 sf
  • Suite 209: 797 sf
  • Suite 213: 488 sf
  • Suite 221: 2,000 sf
  • Suite 227: 1,352 sf
  • Suite 221 and Suite 227 contig to 3,352 sf
  • Behind Suite 221: 1,806 sf
  • Suite 247: 5,500 sf
  • 2021 CAM: $8.50 psf and Tax: $4.50 psf
  • Lease Rate: $35.00 psf