Waterfront Restaurant with Multi-Level
For Sale
Contact for pricing
1900-1924 Marshall St NE, Minneapolis, MN 55418
Fully built-out waterfront hospitality space with extensive indoor and outdoor seating, a commercial kitchen, and on-site parking.
Property Size15,000 SF
Price / SF$266.67
Days on Market109
Property Features for 1900-1924 Marshall St NE
General Information
Standard status
Active
Size
15,000 SF
Total Parking Spaces
80
Property subtype
RETAIL
Site & Location
Neighborhood
Northeast
Additional Details
Patio
Yes
Amenities
multi-level decks
panoramic river views
marquee sign
Listing Agency:
The Brookshire Company
(952) 960-4690
Listed By:
Royce Pavelka · License #40408653
(952) 960-4744
Source:
Moodyscre
Added: Jul 14
Changed: Oct 28
Last Checked: Oct 28 at 9:57AM
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 The Brookshire Company
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Investment Insights
Based on property information with market context.
Fully built-out restaurant and entertainment property along the Mississippi River at 1900-1924 Marshall St NE in Minneapolis. This purpose-built hospitality location includes a spacious commercial kitchen, multiple bars with 18 tap lines, and expansive waterfront patios with multi-level decks that provide panoramic river views. The property offers over 950 indoor and outdoor seats to support high-volume service.
In addition to the indoor guest areas and outdoor dining platforms, the building includes a prominent marquee sign and 80 on-site parking spaces for guest access. With a total property size of 15,000 SF, it is designed to support restaurant and nightlife-style operations in a highly recognizable, destination setting.
In addition to the indoor guest areas and outdoor dining platforms, the building includes a prominent marquee sign and 80 on-site parking spaces for guest access. With a total property size of 15,000 SF, it is designed to support restaurant and nightlife-style operations in a highly recognizable, destination setting.
Key Highlights
- Over 950 indoor and outdoor seats
- Commercial kitchen with multi‑bar setup and 18 tap lines
- Expansive waterfront patios plus multi‑level decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,391
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,067,820
$4.1M
Cap Rate 7%
$2,905,586
$2.9M
Cap Rate 9%
$2,259,900
$2.3M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$279.0K $18.60/SF
− Vacancy
−$7.8K −$0.52/SF
EGI
$271.2K $18.08/SF
− OpEx
−$67.8K −$4.52/SF
NOI
$203.4K $13.56/SF
Area
Minneapolis, MN
Vacancy
2.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,067,820
Cap Rate 7%
$2,905,586
Cap Rate 9%
$2,259,900
Alternative Uses
Best Use
Specialty Retail
$2.91M
$2.54M – $3.39M
NOI $203,391 @ 7.0% cap · market cap 5.08%
Second Best
Industrial
$2.28M
$1.99M – $2.65M
NOI $159,283 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$3.58M
$3.13M – $4.18M
NOI $250,508 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Napa Auto Parts
Shops & Services
1,748 visits/mo
0.4 miles
Demographics for 55418, MN
31,887
Population
14,859
Households
2.1
Avg Household Size
37
Median Age
51%
College-Educated
93%
High-School Grad
7.0 sq mi
ZIP Area
4,555
Density / Sq Mi
$95,630
Median Household Income
$56,491
Median Earnings
$1,349
Median Rent
$332,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Minneapolis, MN
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built-out waterfront hospitality space with extensive indoor and outdoor seating, a commercial kitchen, and on-site parking.
Where is this conventional restaurant located?
The property is located at 1900-1924 Marshall St NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Over 950 indoor and outdoor seats; Commercial kitchen with multi‑bar setup and 18 tap lines; Expansive waterfront patios plus multi‑level decks
