[Mpls] Business property values plunge - addendum

[Victoria Heller]

A listmember reminded me that 801 Nicollet is the Midwest Plaza building -
which has lost almost half of its value in the past five years; from $17
million to $8.9 million.

The old Dayton's building, now May Department Stores, is at 700 Nicollet.
Its value hit a high in 1991 of $13.7 million and has dropped to a new low
of $7.8 million for 2004.

I wonder if Minneapolis is the only city in the Country with falling real
estate values.  Everything I read in business publications indicates that
the greatest real estate appreciation in America's history has occurred over
the past ten years.

Worth looking into, wouldn't you say?

Vicky Heller
North Oaks and Cedar-Riverside