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Street-Level Retail Space with Basement
For Lease
$3,086/Mo

1607 Hennepin Ave, Minneapolis, MN 55403

Street-level retail space with high ceilings and abundant natural light, plus a full basement for storage.

Space SizeContact for details
Days on Market90

Property Features for 1607 Hennepin Ave

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Retail
Listing Agency: Minneapolis - St. Paul
Listed By: Terese Reiling-Holden
Source: Colliers
Added: May 14 Changed: Jul 23 Last Checked: Aug 11 at 4:37AM

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 Minneapolis - St. Paul

Investment Insights

Based on property information with market context.

Available for lease is a street-level retail space featuring high ceilings, attractive flooring, and abundant natural light. The premises include a full basement that is available for storage.

The property offers street and pay parking lot access, along with 4 dedicated parking spaces reserved for the sole benefit of the premises. Offstreet parking is also available for a monthly rate. The location provides streetfront visibility on Hennepin Avenue, directly across from the Basilica.

The space is approximately 3,086 SF at the street level, with an additional approximately 3,084 SF full basement available for storage.

Key Highlights

  • Available for lease: 3,086 SF street‑level retail space
  • Full basement included for storage, offering 3,084 SF of space
  • High ceilings with lovely flooring and abundant natural light

Property Analytics

Current Use

Art Investments, LLC Art Gallery

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Building Supply Electrical Service HVAC Service Storage Facility

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

10,653
Businesses Nearby
101k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 48% Superstores 40% Dining 7% Shops & Services 4%
Target Superstores
40,271 visits/mo 0.4 miles
Embassy Suites By Hilton Minneapolis Downtown Hotels & Casinos
22,460 visits/mo 0.4 miles
Renaissance Minneapolis Hotel, the Depot Hotels & Casinos
15,872 visits/mo 0.3 miles
Residence Inn by Marriott Minneapolis Downtown at The Depot Hotels & Casinos
7,558 visits/mo 0.4 miles
TownePlace Suites by Marriott Minneapolis Downtown/North Loop Hotels & Casinos
3,027 visits/mo 0.4 miles

Demographics for 55403, MN

17,707
Population
12,906
Households
1.4
Avg Household Size
35
Median Age
59%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
12,648
Density / Sq Mi
$59,928
Median Household Income
$50,876
Median Earnings
$1,199
Median Rent
$285,200
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
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Street-level retail space with high ceilings and abundant natural light, plus a full basement for storage.
Where is this storefront property located?
The property is located at 1607 Hennepin Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $3,086/Mo.
What are key features of this property?
This property features: Available for lease: 3,086 SF street‑level retail space; Full basement included for storage, offering 3,084 SF of space; High ceilings with lovely flooring and abundant natural light
More about this property
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