Office

Mayo Clinic Square

600 hennepin ave minneapolis, mn, 55403, minneapolis, MN 55403

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence

Low

$25.50/SF

Mid

$30.00/SF

High

$34.50/SF

Tier Used

peer_city_transfer

Transferred from peer market san-antonio (similarity: 100%) with 25 comparable listings.

Peer market: san-antonio (100% similarity)

Tier Resolution Trace

Tier 1insufficient_data

Tier 2insufficient_data

Tier 3insufficient_data

Tier 4successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$30.00/SF	—	peer_city_transfer
Utilities	—	2.1¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1705/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
Peer City Transfer	economic_similarity	25	—	real-time	san-antonio (100%)

Data sources used

peer_city_transfer

Description

•Mayo Clinic Square is most dynamic, visible and highly energized office and retail space in downtown Minneapolis.Through a partnership with Mayo Clinic, the Minnesota Timberwolves and Minnesota Lynx, tenants and visitors to Mayo Clinic Square are part of the most vibrant redevelopment project in Minneapolis. As the only Class A office and retail space available in the downtown, three-block Billboard District, tenants at Mayo Clinic Square have unparalleled marketing, visibility and branding opportunities, while benefiting from the amenities of downtown’s most connected block. Mayo Clinic Square includes:
•New facades on all sides of the building
•Two grand entrances on First Avenue and Hennepin Avenue, connected with a multi-tenant lobby and corridor, open to the skyway
•Repositioning of existing retailers to create optimal accessibility for tenants and guests
•Interior connection to The Lofton Hotel and meeting facilities
•Open first floor street and second floor skyway level space for unique and highly visible leasing opportunities

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

600 hennepin ave minneapolis, mn, 55403, minneapolis, MN 55403

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Minneapolis office market showed average asking rents near $29.92/SF/yr. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$29.92/SF/yr

Estimated sale value

$114–$148/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 12.1%, asking rent held flat).

View the full Minneapolis Office market report →

Compare it against other office listings for sale in Minneapolis, MN to benchmark pricing and space — view the full market.

Unified Estimate

Very Low Confidence

$66.86/SF-$90.46/SF

Mid: $78.66/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market san-antonio (similarity: 100%) with 25 comparable listings.

Sale Price History

Market report quarterly trend fallbackFIPS 27053

Low Confidence

Avg Rent ($/SF/yr) (market data)

Market asking rent (quarterly avg)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.