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    2216-2218 Lake St E Minneapolis, MN 55407

    For Lease
    Contact for pricing

    Retail space in renovated shopping center with high visibility.

    Property size:
    1,891 SF
    Lot size:
    6.70 Acres

    Property Features for 2216-2218 Lake St E

    General Information

    Size
    1,891 SF
    Lot size
    6.70 Acres

    Source: Wellington Management Inc Agent Greg Croucher

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

    Overview

    Hi-Lake Shopping Center Retail Space

    The Hi-Lake Shopping Center, part of the Phillips community for over 50 years, underwent a major repositioning and renovation starting in 2004. This included a new canopy, facade, storefronts, parking lot, landscaping, and two separate buildings in the outlots along Lake Street. The shopping center, adjacent to the light rail, was restored in 2020-2021 and welcomed a new Burlington. The property is part of a larger portfolio of work along the Lake & Hiawatha corridors, which includes 424 transit-oriented residential units. Retailers benefit from significant foot traffic from residents and light rail riders, as well as high visibility on Hiawatha Avenue. The available retail space measures 1891 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

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

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

    Similar Places Nearby

    Hi-Lake Shopping Center, Coin Cloud Bitcoin ATM, Coin Cloud Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Minnehaha Center

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.240562
    Latitude
    44.948425

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    FAQs

    What type of property is this?
    Shopping center - Retail space in renovated shopping center with high visibility.
    Where is this shopping center located?
    The property is located at 2216-2218 Lake St E Minneapolis, MN.
    What are key features of this property?
    This property features: - Light rail-adjacent location provides high foot traffic and accessibility.; - Recently renovated in 2020-2021 after Lake Street riots, ensuring a modern and appealing shopping environment.; - Part of a larger 25-acre development with 424 transit-oriented residential units, creating a built-in customer base.
    (651) 292-9844
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    2216-2218 Lake St E Minneapolis, MN 55407
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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
    2216-2218 Lake St E Minneapolis, MN 55407
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