700 On the Mall, Minneapolis, MN 55402
LAND For Sale| Space | Size | Type | Pricing |
|---|---|---|---|
| 88 Year Ground Lease Investment Opportunity - 0.27 Acresf | SALE | $4,800,000.00 |
Robert Pounds - Newmark
PHONE: 9522702497
PHONE: 9522702497
Tim Prinsen - Newmark
PHONE: 6129636220
PHONE: 6124400010
Newmark, an exclusive advisor, is pleased to present the F.W. Knoblauch Ground Lease opportunity, consisting of two parcels located on the corner of Nicollet Mall and 8th Street in the heart of downtown Minneapolis. The Property sits under the 416,000 SF RSM Plaza and 867-stall parking ramp. The two parcels are comprised of an 11,880 SF parcel fronting 8th Street and a 1,760 SF parcel fronting Nicollet Mall. The lease term expires in 2113 and has a first lien position and provides for rental adjustments every 10 years.