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Remodeled Uptown Office Space
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1516 W Lake St, Minneapolis, MN 55408

Recently remodeled office space in the heart of Uptown.

Space Size139 SF - 2,303 SF
Lot Size0.25 Acres
Days on Market385

Property Features for 1516 W Lake St

General Information

Standard status Active
Size 139 SF - 2,303 SF
Lot size 0.25 Acres
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 1516 W Lake St Contact us
Name Size Type Rate Availability
Citadel Building for Lease 184 SF OFFICE $30 – $35/SF/Yr AVAILABLE, Now Contact us
Citadel Building Executive Suite for Lease 285 SF OFFICE $30 – $35/SF/Yr AVAILABLE, Now Contact us
Citadel Building for Lease 1,135 SF OFFICE $30 – $35/SF/Yr AVAILABLE, Now Contact us
Citadel Building for Lease 600 SF OFFICE $30 – $35/SF/Yr AVAILABLE, Now Contact us
Citadel Building for Lease 1,389 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 249 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 327 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 524 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 778 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 139 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 184 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 2,303 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 288 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 314 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 366 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 436 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 1,284 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 263 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Citadel Building for Lease 730 SF OFFICE $30 – $35/SF/Yr AVAILABLE, On Available Date Contact us
Listing Agency: Kenwood Commercial
Listed By: Mike Doyle
Source: Moodyscre
Added: Sep 16, 2025 Changed: Oct 2 Last Checked: Oct 4 at 9:19AM

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 Kenwood Commercial

Investment Insights

Based on property information with market context.

This office space, encompassing 285 square feet, is situated in the heart of Uptown. The common areas have been recently remodeled. The location provides access to transit, restaurants, and shopping. Bde Maka Ska is located blocks away. Convenient off-street parking is available for tenants and guests.

Key Highlights

  • Located in the heart of Uptown
  • Great access to transit, restaurants & shopping
  • Just blocks away from Bde Maka Ska

Property Analytics

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Open Analytics

Current Use

Williams Douglas C Physician Kristin N. Procopio, ... Physician Kathleen Lynch Healing ... Alternative Medicine Practice Jigjiga Business Center Hotel & Motel Farmers Insurance - Steven ... Insurance Agency

Suggested Use

Top Pick Pet Grooming Service Garden Center Locksmith Butcher Electrical Service Tanning Salon

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
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,219
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Minneapolis, MN

$17.97 /SF/Yr
Avg Asking Price
$6.5–$26 /SF/Yr
Price Range
8,919 SF
Avg Space Size

This space is priced 67% above the average of $17.97 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Recently remodeled office space in the heart of Uptown.
Where is this office units located?
The property is located at 1516 W Lake St Minneapolis, MN.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Located in the heart of Uptown; Great access to transit, restaurants & shopping; Just blocks away from Bde Maka Ska
(612) 242-8820 Call to check price and availability
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