240 Portland Ave Minneapolis, MN 55401
5,500 SF retail space ideal for restaurant use.
Property size:
5,500 SFLot size:
0.50 AcresProperty Features for 240 Portland Ave
General Information
- Size
- 5,500 SF
- Lot size
- 0.50 Acres
Source:
Moodyscre
Listing 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
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2606186
- Latitude
- 44.9780982
Nearby Similar for Lease
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.