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    2945 Hennepin Ave Minneapolis, MN 55408

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    For Lease
    $20 SF/Yr ($8,861 /Mo)

    5,317 SF retail space in the heart of Uptown.

    Property size:
    5,317 SF
    Lot size:
    0.12 Acres

    Property Features for 2945 Hennepin Ave

    General Information

    Size
    5,317 SF
    Lot size
    0.12 Acres

    Source: CBRE - Minnesota Agent Sean Doyle

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

    Overview

    Uptown Retail Storefront Opportunity

    This 5,317 square foot retail storefront is located at the corners of Lake Street and Hennepin Avenue, in the heart of Uptown. The neighborhood is easily accessible from downtown Minneapolis and surrounding suburbs. The signalized intersection is one of the most highly trafficked in the neighborhood. The building features floor-to-ceiling windows, easily visible from the street. The space includes a large staircase with a spacious second level. The property is available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aveda Esthetique Beauty Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -93.2978979
    Latitude
    44.9485437

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    FAQs

    What type of property is this?
    Retail space - 5,317 SF retail space in the heart of Uptown.
    Where is this retail space located?
    The property is located at 2945 Hennepin Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Highly trafficked corner location at Lake Street and Hennepin Ave in Uptown.; - Easily accessible from downtown Minneapolis and surrounding suburbs.; - Large 5,317 SF retail storefront.
    (612) 720-3259
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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
    2945 Hennepin Ave Minneapolis, MN 55408
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