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Medical Suite with Existing Build-Out
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1221 Lake St W, Minneapolis, MN 55408

Medical office suite with existing medical build-out, formerly a dermatology clinic.

Property Size3,967 SF
Days on Market342

Property Features for 1221 Lake St W

General Information

Standard status Active
Size 3,967 SF
Property subtype OFFICE
Listing Agency: Ballast Properties, LLC
Listed By: Jason Kramber · License #MN40482688
Source: Moodyscre
Added: Aug 25, 2025 Changed: Jul 28 Last Checked: Aug 1 at 1:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ballast Properties, LLC

Investment Insights

Based on property information with market context.

This medical office suite in Uptown Row includes existing medical build-out and was previously used as a dermatology clinic, offering a ready-to-practice layout for a qualified medical tenant.

The property is part of a medically centered office setting with complimentary tenants including Allina Health Clinic and a Walgreens Pharmacy.

The space is offered for rent and totals 3,967 square feet.

Key Highlights

  • Medical office suite with existing medical build‑out
  • Former dermatology clinic space
  • Medical‑centered tenant mix nearby includes Allina Health Clinic and Walgreens Pharmacy

Property Analytics

Current Use

T-Mobile Mobile Phone Store Allina Health Uptown ... Medical Clinic Uptown Chiropractic Alternative Medicine Practice Hanan Rosenstein, MD Pediatrician Dr. Frank S. ... Physician

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Pet Grooming Service HVAC Service Pet Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,157
Businesses Nearby
Balanced
Demand for This Use

Demographics for 55408, MN

33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office suite with existing medical build-out, formerly a dermatology clinic.
Where is this medical office space located?
The property is located at 1221 Lake St W Minneapolis, MN.
What are key features of this property?
This property features: Medical office suite with existing medical build‑out; Former dermatology clinic space; Medical‑centered tenant mix nearby includes Allina Health Clinic and Walgreens Pharmacy
(612) 290-6449 Call to check price and availability
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