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    500 W Lake St Minneapolis, MN 55408

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    For Lease
    $25 SF/Yr ($1,797 /Mo)

    Retail space available in a mixed-use development, built in 2022.

    Property size:
    863 SF
    Lot size:
    0.51 Acres

    Property Features for 500 W Lake St

    General Information

    Size
    863 SF
    Lot size
    0.51 Acres

    Source: Transwestern Agent Molly Townsend

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

    Overview

    Retail Space in Mixed-Use Development

    This retail space is located within a mixed-use development constructed in 2022. The development includes 132 units and is situated in the Lake and Lyndale neighborhood. The property benefits from plentiful street parking and experiences strong pedestrian and car traffic. The surrounding area has a dense population. The property has a size of 863 square feet and is intended for retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Lago Apartment Rental Agency A & J Fish & Chicken ... Chicken Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2686739
    Latitude
    44.9485917

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    FAQs

    What type of property is this?
    Retail space - Retail space available in a mixed-use development, built in 2022.
    Where is this retail space located?
    The property is located at 500 W Lake St Minneapolis, MN.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Mixed-use development built in 2022; - Located in the Lake and Lyndale neighborhood; - 132 Units
    (612) 730-6472
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    500 W Lake St Minneapolis, MN 55408
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    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
    500 W Lake St Minneapolis, MN 55408
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