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Turnkey Restaurant Opportunity
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1024 E 38th St, Minneapolis, MN 55407

Fully built-out restaurant for sale in Minneapolis.

Property Size2,300 SF
Days on Market153

Property Features for 1024 E 38th St

General Information

Standard status Active
Size 2,300 SF
Property subtype Retail
Zoning C1-Neighborhood Commercial District
Investment Type Owner/User

Building Details

Year Built 1957
Year Renovated 2000
Buildings 1
Stories 2
Tenancy Single
Listing Agency: Suntide Commercial Realty
Listed By: Andy Manthei · License #20366237
Source: Crexi
Added: Mar 19 Changed: Aug 15 Last Checked: Aug 18 at 1:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Suntide Commercial Realty

Investment Insights

Based on property information with market context.

This fully built-out turnkey restaurant offers an exceptional opportunity for immediate startup capability in a highly active commercial corridor of Minneapolis. The area demonstrates stability and growth, making it suitable for long-term business success. The space can accommodate diverse operational strategies, whether launching a new brand or expanding an existing concept. Located along 38th Street East, just east of I-35W and west of Hiawatha Avenue, the property benefits from consistent daily traffic flow, dense surrounding residential neighborhoods, and established commercial activity, ideal for attracting both local patrons and destination diners. The property size is 2300 square feet. Equipment included in the sale, with an equipment list available to interested buyers. This property is suitable for conventional restaurants and other restaurant concepts.

Key Highlights

  • Turnkey restaurant ready for immediate operation
  • Located in a high‑traffic, growing commercial corridor
  • Includes equipment (equipment list provided to interested buyers)

Property Analytics

Current Use

Master Water Stewards Government Office The Tiny Diner Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Parts Store Parking Lot & Garage Accounting Firm Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

849
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Family Dollar Shops & Services
9,142 visits/mo 0.4 miles
ARCO Shops & Services
2,848 visits/mo 0.3 miles

Demographics for 55407, MN

38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value

Market

Vacancy Rate% for Retail in Minneapolis, MN

5.8% 2019
6.4% 2020
5.7% 2021
4.9% 2022
4.2% 2023
3.7% 2024
4.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully built-out restaurant for sale in Minneapolis.
Where is this conventional restaurant located?
The property is located at 1024 E 38th St Minneapolis, MN.
What are key features of this property?
This property features: Turnkey restaurant ready for immediate operation; Located in a high‑traffic, growing commercial corridor; Includes equipment (equipment list provided to interested buyers)
More about this property
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