Listing Agency: Marcus & Millichap - Cleveland

Listed By: Scott Wiles · License #OH 2005013197 Show Phone

Source: Crexi

Added: Apr 12 Changed: Aug 23 Last Checked: Sep 7 at 2:46AM

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Investment Insights

Based on property information with market context.

This retail property is listed for sale and includes 9,271 SF of space. Public remarks also reference a 6.50% cap rate.

The property is located at 2801 Hennepin Avenue in Minneapolis, MN 55408.

Key Highlights

• Retail property for sale with 9,271 SF
• Stated 6.50% cap rate

Property Analytics

Property Profile

Current Use

Haakenson Hardwood Floors General Contractor Indoff Inc Big Box & Wholesale Store IM=X Pilates & Fitness Gym & Fitness Center Uptown Art Fair Music Venue Nag Rupak Law Firm

Suggested Use

Top Pick Locksmith Garden Center HVAC Service Electrical Service Pet Grooming Service Fish Market

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

Location Intelligence

Trade Area within ½ mile

3,037

Businesses Nearby

159k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 34% Shops & Services 34% Dining 28% Hotels & Casinos 2%

Cub Foods Groceries

30,982 visits/mo 0.2 miles

Lunds & Byerlys Groceries

23,584 visits/mo 0.2 miles

Holiday Station Store Shops & Services

19,195 visits/mo 0.5 miles

McDonald's Dining

16,650 visits/mo 0.2 miles

Speedway Shops & Services

14,134 visits/mo 0.5 miles

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 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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property with 9,271 SF and a stated 6.50% cap rate for sale.

Where is this retail space located?

The property is located at 2801 Hennepin Avenue Minneapolis, MN.

What are key features of this property?

This property features: Retail property for sale with 9,271 SF; Stated 6.50% cap rate