Retrofit Atlas

Big boxes · Minnesota

Kmart at Nicollet Avenue

Imported, unreviewedRedevelopedRegreenedDemolishedMinneapolis, MN

Opened 1977. Closed 2023. Redeveloped · Regreened in 2025. Owner of record City Of Mpls.

Status nowDemolishednewtypes-extraction reported
What it becamemixedWikipedia no source
Owner of recordCity Of Mplscounty assessor, 2026-10-21 no source
Site size2.5 acres (parcels)county assessor no source
Retrofit year2025newtypes-extraction reported
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Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.

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Site profile7 elements · what this site is built with · tap a chip for the evidence

Former anchors
KmartThis site: Kmart wikipedia · all sites with this
Ownership
Public bodyThis site: CITY OF MPLS county-parcels · all sites with this
Place
3+ other atlas sites within 10 kmThis site: 10 within 10 km computed · all sites with this
County lost 10%+ of retail establishments since 2012This site: -12% census-cbp · all sites with this
Strategy
RedevelopedThis site: …the city of Minneapolis is developing plans to reconnect the street grid with Lake Street. Construction is expected to start in 2025. Efforts to redevelop more… record · all sites with this
RegreenedThis site: …the city of Minneapolis is developing plans to reconnect the street grid with Lake Street. Construction is expected to start in 2025. Efforts to redevelop more… record · all sites with this
New use
Mixed useThis site: …new_use field newtypes-extraction · all sites with this

All elements and lists · Trends

Now

StatusDemolishednewtypes-extraction reported
StrategyRedeveloped · RegreenedWikipedia no source
New usesmixedWikipedia no source
What is there nowthe city of Minneapolis is developing plans to reconnect the street grid with Lake Street. Construction is expected to start in 2025. Efforts to redevelop more multi-use and density have been successful.newtypes-extraction reported
Retrofit year2025newtypes-extraction reported
Developercity of Minneapolisnewtypes-extraction
Owner of recordCity Of Mplscounty assessor no source

History and original facts

Opened1977newtypes-extraction reported
Closed2023newtypes-extraction reported
AnchorsKmart
CountyHennepin County
Census division4 · West North Central
NotesDraft from Wikipedia, model-extracted, unreviewed: Kmart at Nicollet Avenue torn down for planned mixed-use redevelopment and street grid reconnection.

Not yet recorded: acres, GLA, original developer. Know it? Tell us.

Planning

No zoning change, subsidy or policy tool recorded for this site.

Parcels, tax and title

Parcels within 40 m of the site point, as published by the county (layer); county terms apply; unverified here. Mortgages, liens and deeds are recorder records, not assessor data: see the county recorder.
ParcelOwner of recordAcresUse · zoningValue (appraised · assessed · taxable)Last sale · deed
2302924330043
all 96 county fields
PID2302924330043
PID_TEXT(43)
FEATURECODE501
STATE_CD1670
TORRENS_TYPA
HOUSE_NO401
FRAC_HOUSE_NO
STREET_NM3RD AVE S
CONDO_NO
MAILING_MUNIC_CD01
MAILING_MUNIC_NMMINNEAPOLIS
ZIP_CD55415
MULTI_ADDR_INDT
OWNER_NMCITY OF MPLS
TAXPAYER_NMCITY OF MINNEAPOLIS
TAXPAYER_NM_1PROPERTY SERVICES
TAXPAYER_NM_2350 5TH ST S ROOM 108
TAXPAYER_NM_3MINNEAPOLIS MN 55415
MUNIC_CD01
MUNIC_NMMINNEAPOLIS
SCHOOL_DIST_NO001
WATERSHED_NO6
SEWER_DIST_NO
TIF_PROJECT_NO
PROPERTY_STATUS_CD0
ABBREV_ADDN_NMTOWN OF MINNEAPOLIS
ADDITION_NO10360
LOT
BLOCK077
METES_BNDS1NWLY 1/2 CITY HALL
METES_BNDS2
METES_BNDS3
METES_BNDS4
ABSTR_TORRENS_CDA
BUILD_YR1887
SALE_DATE
PARCEL_AREA54576.86553567
TOT_SPEC_TAX49098.86
TAX_TOT49098.86
NET_TAX_PD49098.86
EARLIEST_DELQ_YR
MTG_CO_NBR814
PR_TYP_CD1C
PR_TYP_NM1COMMERCIAL-PREFERRED
HMSTD_CD1N
LAT44.977406
LON-93.265716
City Of Mpls1.2COMMERCIAL-PREFERRED— (appraised)
assessed —		—
2302924330044
all 95 county fields
PID2302924330044
PID_TEXT(44)
FEATURECODE501
STATE_CD1670
TORRENS_TYPA
HOUSE_NO315
FRAC_HOUSE_NO
STREET_NM4TH ST S
CONDO_NO
MAILING_MUNIC_CD01
MAILING_MUNIC_NMMINNEAPOLIS
ZIP_CD55415
OWNER_NMCOUNTY OF HENNEPIN
TAXPAYER_NMCOUNTY OF HENNEPIN
TAXPAYER_NM_1300 S 6TH STREET MC228
TAXPAYER_NM_2MINNEAPOLIS MN 55487
TAXPAYER_NM_3
MUNIC_CD01
MUNIC_NMMINNEAPOLIS
SCHOOL_DIST_NO001
WATERSHED_NO6
SEWER_DIST_NO
TIF_PROJECT_NO
PROPERTY_STATUS_CD0
ABBREV_ADDN_NMTOWN OF MINNEAPOLIS
ADDITION_NO10360
LOT
BLOCK077
METES_BNDS1SELY 1/2 COURT HOUSE
METES_BNDS2
METES_BNDS3
METES_BNDS4
ABSTR_TORRENS_CDA
BUILD_YR1887
SALE_DATE
PARCEL_AREA54581.63037679
EARLIEST_DELQ_YR
MTG_CO_NBR760
PR_TYP_CD1C
PR_TYP_NM1COMMERCIAL-PREFERRED
HMSTD_CD1N
LAT44.977174
LON-93.265168
County Of Hennepin1.2COMMERCIAL-PREFERRED— (appraised)
assessed —		—
Total2.5$0

Site context

Housing permits, Hennepin County (MN), 20241,739 units in 5+ unit buildings, 126 in 2–4, 2,054 single-family; 2023: 3,772 in 5+Census BPS
Other atlas sites nearby10 within 10 km, 30 within 25 km: Kmart store site (0.0 km); Hotel Dyckman (0.0 km); Warehouse District (0.0 km); Wells Fargo Home Mortgage campus (0.0 km); Minneapolis City Center (0.6 km)computed
Retail trade in the county, 2025 (BLS QCEW)65,774 jobs in 3,548 establishments; average annual pay $47,428; employment location quotient 0.72; employment -2.5% on the yearBLS QCEW 2025, NAICS 44-45, private
Jobs located in the tract, 202267,057 jobs; 675 in retail trade, 4,942 in accommodation and food (workplace blocks summed to tract 27053126102)Census LEHD LODES8 WAC 2022
Upward mobility (Opportunity Atlas, 2010 tract)children of low-income (25th percentile) families reached the 40th income percentile as adults; 0.4% incarcerated at the 2010 count (29 children in the sample); born 1978–83, measured 2014–15Opportunity Insights
Food access (USDA FARA 2019, 2010 tract)not a low-access tract at 1 mile; poverty rate 20.3%; median family income $121,917; 478 SNAP householdsUSDA ERS
SchoolsMinneapolis Public School District (PK-12); 8 public schools within 1 mile: EMERSON ELEMENTARY; LORING-NICOLLET HIGH; STADIUM VIEW; WELLSTONE INTERNATIONAL HIGHNCES EDGE
Elevation840 ft above sea level at the site pointUSGS 3DEP
Storm events in the county, 2016-2025308 county-logged events: 139 thunderstorm wind, 122 hail, 25 heavy rain, 16 flash flood; $18,687,200 property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events
Homes for sale in ZIP 55415, 2026-09median list price $394,500 (-9.3% on the year); 59 active listings; median 65 days on market; 15% with a price cutRealtor.com Research
Retail trade in the county, 2012 to 20233,714 establishments (-12%); 74,922 jobs (+1%)Census CBP
Housing market in the countytypical home value $386,707 (+1% 1 yr, +8% 5 yr); typical rent $1,784/mo (+4% 1 yr), 2026-09Zillow Research
Traffic on the busiest road within 600 m (2024)23,007 vehicles a day on Cedar Ave S (minor arterial, 6 lanes); 33 counted segmentsFHWA HPMS

Summary, model-written

Kmart at Nicollet Ave closed in 2023 and was demolished. The city of Minneapolis (developer) plans mixed-use redevelopment starting in 2025, including reconnecting the street grid with Lake Street. Construction is expected to begin then.

Why. Not an investment opportunity: public ownership, housing already included in new use, median rent data, and retrofit planned but not yet built (record states 'retrofit already built' but site is demolished—conflict noted in record).

Where it stands. Status: demolished. New use: mixed (per record). Timeline: construction starts 2025. Context: Located in Minneapolis, near Warehouse District (built) and Minneapolis City Center (partial).

For a planner

  • Street grid reconnection planned
  • Mixed-use redevelopment aligns with city's density goals

For a developer

  • Not viable for private investment (public owner, housing already planned)
  • No current vacancy data provided

What we do not know yet

  • 'Regreen' strategy not defined
  • No specific new-use details (e.g., housing units, retail mix)
  • No current vacancy rates or rent data for new use

Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

  • Kmart store site, Minneapolis, MN · Big boxes · opened 1978; closed 2023; same strategy: redevelop, regreen
  • Four Seasons Mall, Plymouth, MN · Malls · opened 1978; same strategy: redevelop; also in MN
  • Lakeforest Mall, Gaithersburg, MD · Malls · opened 1978; closed 2023; same strategy: redevelop
  • Cache Valley Mall, Logan, UT · Malls · opened 1976; closed 2024; same strategy: redevelop

Elsewhere on the web

Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar

Multifamily screen

  • retrofit already built
  • closed or demolished per category only, +0 until sourced
  • median rent $1,439
  • housing in the record
  • public owner

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

Timeline

  1. 1977 Opened
  2. 2023 Kmart torn down
  3. 2023 Closed
  4. 2025 Construction expected to start
  5. 2025 Retrofit: redevelop, regreen

Sources

  • Lake Street (Minneapolis) · CC BY-SA 4.0
    3 quoted sentences
    Kmart at Nicollet Avenue
    The Kmart at Nicollet Avenue was torn down in November 2023
    Construction is expected to start in 2025

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