Restaurant-Ready Retail Suite with Patio
For Lease
Contact for pricing
1702 Nicollet Ave, Minneapolis, MN 55403
Street-level retail suite on Nicollet Avenue with restaurant-ready grease ducts and select patio potential.
Space Size1,907 SF
Days on Market260
Property Features for 1702 Nicollet Ave
General Information
Standard status
Active
Size
1,907 SF
Property subtype
RETAIL
Lease Type
Modified Gross
Site & Location
Neighborhood
Stevens Square
Building Details
Year Built
2020
Spaces For Lease
at 1702 Nicollet Ave
NICO West Retail Space for Lease
$22 – $28/SF/Yr
Floor
1
Size
1,907 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Prime Nicollet Avenue Retail: Highly visible
street-level space along a key corridor
linking Downtown and Eat Street.
- Restaurant-Ready Suites: Select spaces
include grease ducts and patio potential.
- Flexible Use Layouts: Suites suited for
retail, food & beverage, wellness, medical,
or service users.
- Walker’s Paradise (92 Score: Exceptional
pedestrian, transit, and bike access.
- Strong Residential Growth: Hundreds of
new and planned apartments drive
sustained foot traffic.
- Modern Construction (2020): High ceilings,
expansive glass, and open layouts built for
branding and flexibility.
- Built-In Customer Base : 300+ on-site
units with 95%+ occupancy at Nico East &
West
Contact us
Listing Agency:
Monarch CRE
Listed By:
Kyle Kalivoda
(763) 242-8127
Source:
Moodyscre
Added: Feb 12
Changed: Oct 25
Last Checked: Oct 30 at 1:22PM
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 Monarch CRE
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Investment Insights
Based on property information with market context.
1702 Nicollet Ave offers street-level retail space designed for food & beverage concepts, with select suites including grease ducts and patio potential. The building was constructed in 2020 and features high ceilings, expansive glass, and open layouts intended to support branding and flexible tenant buildouts.
The space is positioned along Nicollet Avenue, linking Downtown and Eat Street. The surrounding area benefits from strong residential growth, with hundreds of new and planned apartments helping support consistent foot traffic.
Additional details include an on-site residential customer base of 300+ units with 95%+ occupancy at Nico East & West. The suite size is 1,907 square feet, providing an efficient footprint for a variety of retail, food & beverage, wellness, medical, or service uses.
The space is positioned along Nicollet Avenue, linking Downtown and Eat Street. The surrounding area benefits from strong residential growth, with hundreds of new and planned apartments helping support consistent foot traffic.
Additional details include an on-site residential customer base of 300+ units with 95%+ occupancy at Nico East & West. The suite size is 1,907 square feet, providing an efficient footprint for a variety of retail, food & beverage, wellness, medical, or service uses.
Key Highlights
- 1,907 SF street‑level retail suite at 1702 Nicollet Ave, Minneapolis
- Restaurant‑ready select suites with grease ducts and patio potential
- Built in 2020 with high ceilings, expansive glass, and open layouts
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,547
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
BP
Shops & Services
21,125 visits/mo
0.3 miles
McDonald's
Dining
19,069 visits/mo
0.5 miles
Wendy's
Dining
11,910 visits/mo
0.4 miles
Slice
Dining
1,408 visits/mo
0.5 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
Lease Benchmarks for Minneapolis, MN
$15.8 /SF/Yr
Avg Asking Price
$5.02–$24 /SF/Yr
Price Range
7,215 SF
Avg Space Size
This space is priced 39% above the average of $15.8 /SF/Yr.
Vacancy Rate% for Retail in Minneapolis, MN
Frequently Asked Questions
What type of property is this?
Retail space - Street-level retail suite on Nicollet Avenue with restaurant-ready grease ducts and select patio potential.
Where is this retail space located?
The property is located at 1702 Nicollet Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 1,907 SF street‑level retail suite at 1702 Nicollet Ave, Minneapolis; Restaurant‑ready select suites with grease ducts and patio potential; Built in 2020 with high ceilings, expansive glass, and open layouts
