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 Market17
Property Features for 1900-1924 Marshall St NE
General Information
Standard status
Active
Size
15,000 SF
Total Parking Spaces
80
Property subtype
RETAIL
Additional Details
Patio
Yes
Amenities
multi-level decks
panoramic river views
marquee sign
Listing Agency:
The Brookshire Company
(952) 960-4744
Listed By:
Royce Pavelka
(952) 960-4744
Source:
Moodyscre
Added: Jul 14
Changed: Jul 30
Last Checked: Jul 30 at 4:15AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.0k | $18.60 |
| − Vacancy | −$7.8k | −$0.52 |
| EGI | $271.2k | $18.08 |
| − OpEx | −$67.8k | −$4.52 |
| NOI | $203.4k | $13.56 |
15,000 SF · lease $18.60/SF/yr · vacancy 2.80% · expense 25.00%
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.
Property 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
Market
Vacancy Rate% for Retail in Minneapolis, MN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
