Big boxes · Minnesota
Kmart at Nicollet Avenue
Demolished 2023. City-led mixed-use redevelopment (2025 start) with street grid reconnection. Not an investment opportunity due to public ownership and existing housing. · summary, model-written
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.
Site profile6 elements · what this retrofit is built with · tap a chip for the evidence
Kmart
This site: Kmart wikipedia · all sites with this3+ other atlas sites within 10 km
This site: 10 within 10 km computed · all sites with thisCounty lost 10%+ of retail establishments since 2012
This site: -12% census-cbp · all sites with thisRedeveloped
This 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 thisRegreened
This 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 thisMixed use
This site: …new_use field newtypes-extraction · all sites with thisNow
| Status | Demolishednewtypes-extraction reported |
|---|---|
| Strategy | Redeveloped · RegreenedWikipedia no source |
| New uses | mixedWikipedia no source |
| What is there now | 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 multi-use and density have been successful.newtypes-extraction reported |
| Retrofit year | 2025newtypes-extraction reported |
| Redeveloper | city of Minneapolisnewtypes-extraction reported |
Site context
| Housing permits, Hennepin County (MN), 2024 | 1,739 units in 5+ unit buildings, 126 in 2–4, 2,054 single-family; 2023: 3,772 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 10 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, 2022 | 67,057 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 |
| Schools | Minneapolis Public School District (PK-12); 8 public schools within 1 mile: EMERSON ELEMENTARY; LORING-NICOLLET HIGH; STADIUM VIEW; WELLSTONE INTERNATIONAL HIGHNCES EDGE |
| Elevation | 840 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 308 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, 2026-09 | median 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 2023 | 3,714 establishments (-12%); 74,922 jobs (+1%)Census CBP |
| Housing market in the county | typical 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.
History and original facts
| Opened | 1977newtypes-extraction |
|---|---|
| Closed | 2023newtypes-extraction reported |
| Anchors | Kmart |
| County | Hennepin County |
| Census division | 4 · West North Central |
| Notes | Draft 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.
Timeline
- 1977 Opened
- 2023 Kmart torn down
- 2023 Closed
- 2025 Construction expected to start
- 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