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240 Portland Ave Minneapolis, MN 55401

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For Lease
$27 SF/Yr ($12,375 /Mo)

5,500 SF retail space ideal for restaurant use.

Property size:
5,500 SF
Lot size:
0.50 Acres

Property Features for 240 Portland Ave

General Information

Size
5,500 SF
Lot size
0.50 Acres

Source: CBRE - Minnesota Agent Gerald Driessen

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


Overview

Retail Space in Luxury Building

Approximately 5,500 square feet of vacant retail space is available for lease on the first floor of a 20-story luxury apartment building, facing Washington and Portland. The suite is ideally suited for a restaurant and is divisible to approximately 1,500 square feet. Currently, the suite is an open space, newly constructed in 2024. The space features entrances on the sidewalk and potential for patio seating. Restrooms are to be built private to the suite. The suite is sprinklered and handicap accessible, featuring large windows facing Washington and Portland, and very high ceilings. The landlord is willing to provide a generous improvement allowance. The base rent is $27.00 NNN per square foot per year, with an additional $10.00 per square foot per year for tax, CAM, and operating expenses. The tenant is responsible for in-suite janitorial services and utilities. The tenant is also responsible for HVAC repairs, replacement, and maintenance; the existing HVAC units are brand new.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail 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
-93.2606186
Latitude
44.9780982

FAQs

What type of property is this?
Retail space - 5,500 SF retail space ideal for restaurant use.
Where is this retail space located?
The property is located at 240 Portland Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: - Ideal for restaurant use with potential for **patio seating**.; - Generous landlord improvement allowance available.; - Located on the first floor of a new (2024) 20-story luxury apartment building.
More about this property
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