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Second-Floor Office Unit
For Lease
$850/Mo

207-1404 W Lake St, Minneapolis, MN 55408

Elevator service and smartphone-enabled keyless entry provide convenient access to this professional workspace.

Space Size395 SF
Days on Market27

Property Features for 207-1404 W Lake St

General Information

Standard status Active
Size 395 SF
Net Rentable 395 SF
Elevators Yes

Space & Availability

Available Space 395 SF
Contiguous Space 395 SF
Floor 2
Space Use Office

Taxes and HOA fees

Annual Taxes $71,722

Amenities

secure keyless entry with remote smartphone access
Listing Agency: National Realty Guild
Listed By: Aide Salgado Diaz
Source: Exprealty
Added: Sep 9 Changed: Oct 4 Last Checked: Oct 4 at 2:44PM

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 National Realty Guild

Investment Insights

Based on property information with market context.

This 395-square-foot office unit occupies the second floor of the Romy building in Uptown Minneapolis. The building has an elevator and a keyless entry system that can be accessed remotely by smartphone. Businesses in the building include legal, marketing, dental, and personal care services.

A parking ramp and LA Fitness are across the street, with street parking also available. The property is near lakes, Uptown Diner, and local retail amenities.

Key Highlights

  • 395‑square‑foot office unit on the second floor
  • Elevator service and remote smartphone access for keyless entry
  • Parking ramp and LA Fitness across the street; street parking also available

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Pet Grooming Service Tanning Salon Locksmith (Bike/Boat/Book/etc) Store Fish Market

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
$3.87 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,627
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

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 44% 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
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Frequently Asked Questions

What type of property is this?
Office units - Elevator service and smartphone-enabled keyless entry provide convenient access to this professional workspace.
Where is this office units located?
The property is located at 207-1404 W Lake St Minneapolis, MN.
What is the lease rate?
The lease rate is $850/Mo.
What are key features of this property?
This property features: 395‑square‑foot office unit on the second floor; Elevator service and remote smartphone access for keyless entry; Parking ramp and LA Fitness across the street; street parking also available
More about this property
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