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40 S 7th St

Downtown West, Minneapolis, MN
Total Size
250,000 sqft
Lot Size
1 acres
Year Constructed
1983
Building Class
A
Close Public Transit
Light Rail

Current Availabilities

Nov 11
ago
Retail
  • Max Size: 21,880 sqft
  • Min Size: 230 sqft

City Center

Property Information

Availability:
234 - 21,877 sf

Est. Expenses 2016
$12.32 psf Ops
$5.03 psf Taxes
$17.35 psf Total

Pedestrian Counts:
To Gaviidae: 14,915 ppd
To Macy's: 13,673 ppd
To May Clinic Square: 7,634 ppd
To Fifty S 6th: 5,853 ppd
Total: 44,634 people per day

Employee Counts:
> 1 Block - 15,806
> 2 Blocks - 25,757
> 3 Blocks - 44,939

Demographics:

| Radius | 1 Mile | 3 Miles | 5 Miles | | Population | 22,155 | 218,199 | 430,263 | | Average HH Income | $58,135 | $50,396 | $60,782 |

Tenants:
Saks Off Fifth , Marshalls , Fogo de Chao , Marriott Hotel , Veil Orthodontics, Fresh Market, Brooks Brothers, Len Druskin, Starbucks, Baja Sol, Allen Edmonds, Leeann Chin, Naf Naf Grill, UPS Store, GNC, Cardigan Donuts, New Century Theatre

Features - Over One (1) million square feet and Fifty (50) stories of Class A Office space on Nicollet Mall - Convenient access to Interstates 94, 394, 35W and Highway 55 - Six Skyway connections link City Center to the Office, Retail, and Entertainment cores of Downtown Minneapolis - Onsite security both electronic and foot patrol - Light Rail just one block north of the building

Listing agent for this listing
Kris Schisel, Colliers International
Oct 29
ago
Office Retail
  • Max Size: 21,880 sqft
  • Min Size: 230 sqft
  • Terms: NNN
  • Rental rate negotiable
Listing agent for this listing
Tony Strauss, Colliers International
Sep 16
ago
Office Retail
  • Max Size: 21,880 sqft
  • Min Size: 230 sqft
  • Rental rate negotiable
Listing agent for this listing
Tony Strauss, Colliers International

Companies at 40 S 7th St

Marshalls Department Store Store Point Of Interest
The UPS Store Store Point Of Interest
Baja Sol Tortilla Grill Restaurant Food Point Of Interest
The PrivateBank Bank Atm Finance Point Of Interest

Internet Providers for 40 S 7th St

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications, LLC Fiber
10 Gb/s
10 Gb/s
Cogent Communications, Inc. Fiber
10 Gb/s
10 Gb/s
Comcast Cable
1 Gb/s
25 Mb/s
MegaPath Corporation DSL
50 Mb/s
50 Mb/s
CenturyLink DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: Downtown West

Most listings are in the $20's per square foot per year. The Downtown West region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Minneapolis market, the Downtown West region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Downtown West $23
/sqft/yr
8,060
sqft
Median Rate Median Size
Minneapolis $23
/sqft/yr
6,700
sqft

Median Rate over Time in Downtown West