763-270-9879
330 2nd Ave S, Minneapolis, MN for Sale
Office - FOR SALE
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330 2nd Ave S
Minneapolis, MN 55401
Downtown West


HIGHLIGHTS

  • 201,511 RSF multi-tenant office building located in the Minneapolis Gateway District with direct Skyway connectivity.
  • Offering a strong lease-up opportunity supported by existing spec suites and built-out space.
  • Below-market average in-place rent provides upside potential through mark-to-market growth.
  • Diversified tenant roster featuring government agencies, institutional users, and professional services firms.
  • Amenity-rich environment including tenant lounge, fitness center, collaboration areas, and on-site parking.
  • Convenient access to I-94, I-394, light rail, and major transit routes serving the Minneapolis–St. Paul metro.

OVERVIEW

330 South Second presents a compelling investment opportunity in the heart of the Minneapolis CBD. This 201,511 RSF Class B office property resides in the Gateway District with direct Skyway connectivity, offering seamless pedestrian access to Nicollet Mall, the riverfront, and major downtown amenities. Positioned with below-market in-place rents averaging $11.43 per square foot and current occupancy of 41%, the asset provides a clear value-add opportunity through lease-up and rent optimization. Existing lease rollovers and spec suite availability create near-term absorption potential while minimizing downtime and capital requirements. The property benefits from a diversified tenant base anchored by government tenants and professional service firms, generating in-place income with prospects for long-term stability. Modern amenities including a fitness center, tenant lounge, and multiple Skyway links enhance tenant appeal, while on-site parking in underground and surface stalls adds convenience. Proximity to I-94, I-394, and light rail stations underscores connectivity, supporting continued demand. With a weighted average lease term of 3.8 years and opportunity to recapture significant vacancy at higher market rates, this asset is well-positioned for investors pursuing cash flow growth and portfolio diversification.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

330 South Second

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B-4-1

APN/PARCEL ID

23-029-24-33-0012

ASK ABOUT THIS PROPERTY

Andrei BortnovGreatland Real Estate ServicesMore Info
763-270-9879

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Andrei BortnovGreatland Real Estate ServicesMore Info
763-270-9879

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.