330 South Second presents a compelling investment opportunity in the heart of the Minneapolis Central Business District. This 201,511-rentable-square-foot Class B office property at 330 2nd Avenue S 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%, 330 South Second offers 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 Interstates 94 and 394 and light rail stations underscores connectivity, supporting continued demand. With a weighted average lease term (WALT) of 3.8 years and the opportunity to recapture significant vacancy at higher market rates, this asset is well-positioned for investors pursuing cash-flow growth and portfolio diversification.
330 South Second delivers cost-effective, flexible office spaces and stunning spec suites paired with a robust amenity package in Minneapolis' highly sought-after Gateway District.