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Second-Floor Office Unit
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1404 W Lake Street #207, Minneapolis, MN 55408

A compact professional suite sits in a mixed-business building with elevator service and controlled smartphone entry.

Space Size395 SF
Days on Market5

Property Features for 1404 W Lake Street #207

General Information

Standard status Active
Size 395 SF
Net Rentable 395 SF
Elevators Yes
Zoning Business/Commercial
Lease Type Gross

Space & Availability

Available Space 395 SF
Contiguous Space 395 SF
Floor 2
Space Use Office

Site & Location

Neighborhood Calhoun Isles

Taxes and HOA fees

Annual Taxes $71,722

Amenities

keyless entry system

Building Details

Year Built 1923
Units 1
Tenancy Multi
Listing Agency: National Realty Guild
Listed By: Aide Salgado Diaz
Source: Getyoumoved
Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 5:19PM

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 National Realty Guild

Rey
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Investment Insights

Based on property information with market context.

This 395-square-foot office unit occupies the second floor of the Romy building, a Minneapolis property built in 1923. The building has an elevator and a keyless entry system that can be operated remotely by smartphone. Its current occupants include businesses in legal, marketing, dental, and personal care services.

The property is at 1404 W Lake Street in Uptown Minneapolis. LA Fitness and a parking ramp are across the street; street parking is also available. Nearby amenities include lakes, Uptown Diner, and local retail. The zoning is Business/Commercial.

Key Highlights

  • 395‑square‑foot second‑floor office unit
  • Built in 1923
  • Elevator service in the building

Property Analytics

Current Use

Tenka Ramen Restaurant

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office Auto Parts Store HVAC Service Auto Repair Shop

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,926
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

$18.75 /SF/Yr
Avg Asking Price
$6.5–$26 /SF/Yr
Price Range
8,939 SF
Avg Space Size

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

Frequently Asked Questions

What type of property is this?
Office unit - A compact professional suite sits in a mixed-business building with elevator service and controlled smartphone entry.
Where is this office unit located?
The property is located at 1404 W Lake Street #207 Minneapolis, MN.
What are key features of this property?
This property features: 395‑square‑foot second‑floor office unit; Built in 1923; Elevator service in the building
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