763-270-9879
330 2nd Ave S, Minneapolis, MN for Sale
Office - FOR SALE
1/48
null | Request Cap Rate

330 2nd Ave S
Minneapolis, MN 55401
Downtown West


HIGHLIGHTS

  • 201,511-RSF multi-tenant office building in Minneapolis’ Gateway District with direct Skyway connectivity to Nicollet Mall and core CBD amenities.
  • Convenient access to Interstates 94 and 394, light rail stations, and major transit routes serving the Minneapolis–St. Paul metro.
  • Below-market average in-place rents create a clear mark-to-market opportunity through lease-up, renewals, and long-term rent optimization.
  • Strong lease-up opportunity driven by existing spec suites and well-configured, built-out office space, reducing downtime and upfront capital needs.
  • Diversified tenant roster anchored by government agencies and professional service firms supports stable income and long-term tenancy durability.
  • Amenity-rich environment featuring a fitness center, tenant lounge, collaboration areas, and on-site parking within Skyway-connected corridors.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% 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

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

Andrei BortnovGreatland Real Estate ServicesMore Info
763-270-9879

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