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Restaurant-Ready Retail Suite with Patio Potential
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1702 Nicollet Ave, Minneapolis, MN 55403

Street-level retail suite on Nicollet Avenue with restaurant-ready grease ducts and select patio potential.

Property Size1,907 SF
Days on Market170

Property Features for 1702 Nicollet Ave

General Information

Standard status Active
Size 1,907 SF
Property subtype RETAIL
Lease Type SF/yr

Building Details

Year Built 2020
Listing Agency: Monarch CRE
Listed By: Kyle Kalivoda
Source: Moodyscre
Added: Feb 12 Changed: Jul 30 Last Checked: Jul 31 at 1:17PM

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

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.

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

Nico Apartments Apartment Building

Suggested Use

Top Pick Electrical Service Pet Grooming Service (Bike/Boat/Book/etc) Store Clothing & Fashion Store Locksmith Home Appliance Store

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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,547
Businesses Nearby
54k
Monthly Visits Nearby

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

Vacancy Rate% for Retail in Minneapolis, MN

5.8% 2019
6.4% 2020
5.7% 2021
4.9% 2022
4.2% 2023
3.7% 2024
4.4% 2025
Rey
Questions? Ask Rey
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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
(763) 242-8127 Call to check price and availability
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