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    1201-1211 Lagoon Ave Minneapolis, MN 55408

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    For Lease
    Contact for pricing

    Street-level retail space in a luxury mixed-use development.

    Property size:
    2,014 SF
    Lot size:
    0.39 Acres

    Property Features for 1201-1211 Lagoon Ave

    General Information

    Size
    2,014 SF
    Lot size
    0.39 Acres

    Source: Grand Real Estate Advisors Agent Edward (Ted) J LaFave

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Luxury Building

    This street-level storefront opportunity is located in the Lumen Building, a luxury mixed-use development featuring street-level retail and four floors of residential condominiums. The space is cannabis-ready and approved by the landlord, city, and association. Spaces can be combined for a total of 3,130 square feet. The 2025 Tax/CAM is estimated at $10.10 per square foot. Base rent is negotiable, and competitive Tenant Improvement packages and free rent are available. Parking is available in a covered ramp across the street, with ample stalls available at a negotiable cost. The location features a dense urban population and affluent demographics and is minutes away from the Minneapolis CBD. The property size is 2,014 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.294806
    Latitude
    44.948906

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    FAQs

    What type of property is this?
    Retail space - Street-level retail space in a luxury mixed-use development.
    Where is this retail space located?
    The property is located at 1201-1211 Lagoon Ave Minneapolis, MN.
    What are key features of this property?
    This property features: - Cannabis ready and approved by landlord, city, and association.; - Street level storefront in luxury mixed-use Lumen Building.; - Spaces can be combined for a total of 3,130 SF.
    (612) 875-3858
    Request Owner's contact information
    1201-1211 Lagoon Ave Minneapolis, MN 55408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201-1211 Lagoon Ave Minneapolis, MN 55408
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