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    1011-1015 W Lake St Minneapolis, MN 55408

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    For Sale
    $2,575,000

    Fully occupied retail center in vibrant Uptown Minneapolis neighborhood.

    Property size:
    6,537 SF
    Lot size:
    0.41 Acres

    Property Features for 1011-1015 W Lake St

    General Information

    Size
    6,537 SF
    Lot size
    0.41 Acres

    Source: Newmark Agent Tim Prinsen

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

    Overview

    Uptown Minneapolis Retail Center

    This is a rare opportunity to acquire a 100% occupied, 6,486 square foot retail center. Constructed in 2008, the property is located adjacent to Cub Foods and CVS Pharmacy in Uptown Minneapolis. The property has had only two tenants, Verizon Wireless and Palm Beach Tan, since its construction. Situated on the hard-corner, signalized intersection of West Lake Street and Dupont Avenue South, it lies midway between the Hennepin/Lake and Lyn/Lake entertainment and retail hubs of Uptown. The Uptown neighborhood is a vibrant commercial district, featuring restaurants, boutique shops, professional services, and entertainment venues. The area's demographic profile includes over 240,000 people within a three-mile radius, with an average household income exceeding $119,000.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    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
    -93.2928212
    Latitude
    44.9480675

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    FAQs

    What type of property is this?
    Strip mall - Fully occupied retail center in vibrant Uptown Minneapolis neighborhood.
    Where is this strip mall located?
    The property is located at 1011-1015 W Lake St Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $2,575,000.
    What are key features of this property?
    This property features: - 100% occupied retail center with long-term tenants (Verizon Wireless and Palm Beach Tan) since 2008.; - Located on a hard-corner, signalized intersection adjacent to Cub Foods and CVS Pharmacy in Uptown Minneapolis.; - High-traffic location between the Hennepin/Lake and Lyn/Lake entertainment and retail hubs.
    (612) 963-6220
    Request Owner's contact information
    1011-1015 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
    1011-1015 W Lake St Minneapolis, MN 55408
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