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Two-Level Mixed-Use Property
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1221 W Lake St, Minneapolis, MN 55408

Two-story commercial building with restaurant, service, and medical tenancy across retail and office space.

Property Size36,780 SF
Days on Market144

Property Features for 1221 W Lake St

General Information

Standard status Active
Size 36,780 SF
Total Parking Spaces 79
Property subtype Office, Mixed Use
Occupancy 90%

Building Details

Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Newmark - Minneapolis
Listed By: Tim Prinsen · License #MN 20006389
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 11:21AM

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 Newmark - Minneapolis

Investment Insights

Based on property information with market context.

Uptown Row is a 36,780-square-foot, two-level mixed-use building with 90% overall occupancy. The property combines retail and office areas, with current tenancy spanning restaurant, service, and medical uses. Internet-resistant restaurant and service businesses account for 91% of occupied retail space, while medical users occupy nearly 70% of the office area.

The property encompasses an entire block along Lake Street, identified as the submarket’s primary commercial corridor. The offering also includes a separately platted 79-stall pay parking lot. Located in Minneapolis’ Uptown neighborhood, the property is situated within a market described as having a median age of just over 33 and household income levels exceeding $90,000.

Key Highlights

  • 36,780‑square‑foot, two‑level mixed‑use property
  • 90% occupied overall
  • Entire block along Lake Street, the submarket’s primary commercial corridor

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

90%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,869
Businesses Nearby

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?
Mixed-use property - Two-story commercial building with restaurant, service, and medical tenancy across retail and office space.
Where is this mixed-use property located?
The property is located at 1221 W Lake St Minneapolis, MN.
What are key features of this property?
This property features: 36,780‑square‑foot, two‑level mixed‑use property; 90% occupied overall; Entire block along Lake Street, the submarket’s primary commercial corridor
(612) 440-0010 Call to check price and availability
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