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Office Suite for Lease
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621 W Lake St, Minneapolis, MN 55408

Office suite available for lease at 621 W Lake St, offering 560 square feet of space.

Property Size560 SF
Days on Market1282

Property Features for 621 W Lake St

General Information

Standard status Active
Size 560 SF
Property subtype OFFICE

Lease Terms

Lease Rate $1,200 /USD/MO
Monthly Rent $1,200
Listing Agency: Acre Real Estate LLC
Listed By: Cynthia Schultz
Source: Moodyscre
Added: Jan 27, 2023 Changed: Jul 29 Last Checked: Aug 1 at 9:04AM

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 Acre Real Estate LLC

Investment Insights

Based on property information with market context.

This office suite is available for lease and includes approximately 560 square feet of space. The offering is listed under Office Units/Office Spaces within the commercial real estate property type.

The property is located at 621 W Lake St in Minneapolis, Minnesota. The asking rent is $1,200 per month.

With a defined suite size of 560 square feet, the space is suited for professional office use where a compact footprint is desired.

Key Highlights

  • Office suite for lease at 621 W Lake St
  • 560 SF office space available
  • Asking rent: $1,200 per month

Property Analytics

Current Use

Rainbow Research Inc Charitable Organization Holly Wruck Physician Angela Goens Physician Lisa Holliday Foster Care Service Amanda Gomez Foster Care Service

Suggested Use

Top Pick Garden Center Pet Grooming Service HVAC Service (Bike/Boat/Book/etc) Store Tanning Salon Locksmith

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
$3.86 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,416
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

Lease Benchmarks for Minneapolis, MN

$20.3 /SF/Yr
Avg Asking Price
$6.5–$42.94 /SF/Yr
Price Range
12,927 SF
Avg Space Size

This space is priced 27% above the average of $20.3 /SF/Yr.

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?
Office units - Office suite available for lease at 621 W Lake St, offering 560 square feet of space.
Where is this office units located?
The property is located at 621 W Lake St Minneapolis, MN.
What are key features of this property?
This property features: Office suite for lease at 621 W Lake St; 560 SF office space available; Asking rent: $1,200 per month
(612) 251-1796 Call to check price and availability
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