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Hi-Lake Shopping Center Retail Space
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2100 2106-2214 2216-2218 2130 East Lake Street, Minneapolis, MN 55407

Retail space in a newly rebuilt shopping center.

Space Size600 SF - 16,726 SF
Property Size150,000 SF
Lot Size8.00 Acres
Days on Market1248

Property Features for 2100 2106-2214 2216-2218 2130 East Lake Street

General Information

Standard status Active
Size 600 SF - 16,726 SF
Total Parking Spaces 338
Lot size 8.00 Acres
Property subtype Retail

Building Details

Building Size 150,000 SF
Year Built 1960
Tenancy Multiple

Spaces For Lease

at 2100 2106-2214 2216-2218 2130 East Lake Street Contact us

Suite 2210-2212

Size
3,721 SF
Type
Retail
Availability
Active
Contact us

Suite 2118A

Size
1,911 SF
Type
Retail
Availability
Active
Contact us

Space 2136

Size
10,200 SF
Type
Retail
Availability
Active
Contact us

Suite 2100

Size
16,726 SF
Type
Retail
Availability
Active
Contact us

Suite 2216B

Size
600 SF
Type
Retail
Availability
Active
Contact us

Suite 2216D

Size
10,262 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Wellington Management Inc
Listed By: Gregory Croucher · License #MN
Source: Crexi
Added: Mar 22, 2023 Changed: Aug 15 Last Checked: Aug 20 at 11:19AM

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 Wellington Management Inc

Investment Insights

Based on property information with market context.

The Hi-Lake Shopping Center, located in the Phillips community, has been a local fixture for over 50 years. The eight-acre property underwent a major repositioning and renovation starting in 2004, which included a new canopy, facade, storefronts, parking lot, and landscaping, as well as the addition of two separate buildings in the outlots along Lake Street. The shopping center was rebuilt in 2020-2021 and now includes a Burlington store. Following significant damage during the civil unrest of late May 2020, where more than half of the shopping center was burned down and declared a total loss, the property was reconstructed. The rebuilt shopping center, which houses many of the previous tenants, was delivered back to tenants for their improvement work in the spring of 2021.

Key Highlights

  • Recently rebuilt in 2020‑2021, offering modern construction.
  • Anchored by a new Burlington store, attracting significant customer traffic.
  • Underwent a major repositioning and renovation in 2004.

Property Analytics

Current Use

Colonial Market and Restaurant Department Store

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Nail Salon Hair Salon HVAC Service

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

1,610
Businesses Nearby
110k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 39% Shops & Services 31% Apparel 27% Electronics 2%
Raising Cane's Chicken Fingers Dining
34,962 visits/mo 0.3 miles
Burlington Apparel
24,562 visits/mo 0.1 miles
Dollar Tree Shops & Services
15,879 visits/mo 0.3 miles
Marathon Shops & Services
10,333 visits/mo 0.3 miles
Citi Trends Apparel
5,435 visits/mo 0.1 miles

Demographics for 55407, MN

38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value

Market

Vacancy Rate% for Retail in Minneapolis, MN

5.8% 2019
6.4% 2020
5.7% 2021
4.9% 2022
4.2% 2023
3.7% 2024
4.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space in a newly rebuilt shopping center.
Where is this shopping center located?
The property is located at 2100 2106-2214 2216-2218 2130 East Lake Street Minneapolis, MN.
What are key features of this property?
This property features: Recently rebuilt in 2020‑2021, offering modern construction.; Anchored by a new Burlington store, attracting significant customer traffic.; Underwent a major repositioning and renovation in 2004.
More about this property
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