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Iconic Building in Uptown Minneapolis
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1422 W Lake St, Minneapolis, MN 55408

Historic building with office and retail space in Uptown.

Space Size292 SF - 2,934 SF
Property Size25,891 SF
Days on Market1212

Property Features for 1422 W Lake St

General Information

Standard status Active
Size 292 SF - 2,934 SF
Property subtype Retail, Restaurant

Building Details

Building Size 25,891 SF
Tenancy Multiple

Spaces For Lease

at 1422 W Lake St Contact us

Suite 200

Size
836 SF
Type
Restaurant, Retail
Availability
Active
Contact us

Suite 202

Size
292 SF
Type
Restaurant, Retail
Availability
Active
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Suite 204

Size
462 SF
Type
Restaurant, Retail
Availability
Active
Contact us

Suite 208

Size
1,012 SF
Type
Restaurant, Retail
Availability
Active
Contact us

Suite 213

Size
797 SF
Type
Restaurant, Retail
Availability
Active
Contact us

Suite 214

Size
832 SF
Type
Restaurant, Retail
Availability
Active
Contact us

Suite 320

Size
2,934 SF
Type
Restaurant, Retail
Availability
Active
Contact us

Two Level Restaurant - Retail

Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Hempel Real Estate
Listed By: Ben Krsnak · License #MN 20409688
Source: Crexi
Added: Apr 28, 2023 Changed: Aug 14 Last Checked: Aug 19 at 11:13AM

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 Hempel Real Estate

Investment Insights

Based on property information with market context.

The Rainbow Building, an iconic structure with 112 years of history, is situated in Uptown Minneapolis at the prominent corner of W Lake Street and Hennepin Avenue. The building offers both office and first-floor retail spaces. Recent renovations have enhanced the common areas with high-end finishes. Adjacent public parking and contract parking options are available for tenants and customers. Its location provides convenient access to the Midtown Greenway, Lake of the Isles, Bde Maka Ska trails, beaches, and the Chain of Lakes parks. The property has a walk score of 98.

Key Highlights

  • Iconic 112‑year‑old building in a high‑exposure Uptown location.
  • Walk score of 98, indicating excellent accessibility for customers and tenants.
  • Recently renovated common areas with high‑end finishes.

Property Analytics

Current Use

SOS Building Services ... (Bike/Boat/Book/etc) Store Vistas in Education - VIE Travel Agency The Todd Murray Law ... Law Firm Fruchtman Jonathan E Law Firm ListedIn General Contractor

Suggested Use

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

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

$16.08 /SF/Yr
Avg Asking Price
$1.67–$26 /SF/Yr
Price Range
7,901 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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Historic building with office and retail space in Uptown.
Where is this office units located?
The property is located at 1422 W Lake St Minneapolis, MN.
What are key features of this property?
This property features: Iconic 112‑year‑old building in a high‑exposure Uptown location.; Walk score of 98, indicating excellent accessibility for customers and tenants.; Recently renovated common areas with high‑end finishes.
(612) 355-2600 Call to check price and availability
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