Hi-Lake Shopping Center Retail
For Lease
Contact for pricing
2216-2218 Lake St E, Minneapolis, MN
Retail space in renovated shopping center with high visibility.
Space Size600 SF - 10,262 SF
Lot Size6.70 Acres
Days on Market1675
Property Features for 2216-2218 Lake St E
General Information
Standard status
Active
Size
600 SF - 10,262 SF
Lot size
6.70 Acres
Property subtype
RETAIL
Spaces For Lease
at 2216-2218 Lake St E Contact usHi Lake Center - Retail Space for Lease AVAILABLE, Now
Floor
1
Size
10,262 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Located adjacent to Light Rail Station, just minutes from
downtown Minneapolis
- $3 million renovation in 2004 included new facade, site
work and landscaping
- Other retailers include Aldi, Savers, Citi Trends, O'Reilly's
Auto Parts, Family Dollar and more
Contact us Former Little Caesars in Hi-Lake Shopping Center AVAILABLE, Now
Floor
1
Size
1,911 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
NNN
Sublease
No
The Hi-Lake Shopping Center has been a part of the Phillips community for more than 50 years. Wellington purchased the
eight-acre property in 2004 and began a major repositioning and renovation, which included a new canopy, facade, storefronts, parking lot, landscaping and two separate buildings in the outlots along Lake Street. The light rail-adjacent shopping center was again restored in 2020-2021 after the Lake Street riots and welcomed a new Burlington.
The property is part of Wellington’s larger portfolio of work along the Lake & Hiawatha corridors. This roughly 25-acre area includes 424 transit-oriented residential units with shoppers looking to meet their daily needs close to home. Retailers enjoy significant foot traffic from these residents and light rail riders, as well as due to the property’s high visibility on busy Hiawatha Avenue.
Contact us Storage Space for Lease in Hi-Lake Shopping Center AVAILABLE
Floor
1
Size
600 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
NNN
Sublease
No
The Hi-Lake Shopping Center has been a part of the Phillips community for more than 50 years. Wellington purchased the
eight-acre property in 2004 and began a major repositioning and renovation, which included a new canopy, facade, storefronts, parking lot, landscaping and two separate buildings in the outlots along Lake Street. The light rail-adjacent shopping center was again restored in 2020-2021 after the Lake Street riots and welcomed a new Burlington.
The property is part of Wellington’s larger portfolio of work along the Lake & Hiawatha corridors. This roughly 25-acre area includes 424 transit-oriented residential units with shoppers looking to meet their daily needs close to home. Retailers enjoy significant foot traffic from these residents and light rail riders, as well as due to the property’s high visibility on busy Hiawatha Avenue.
Contact us
Listing Agency:
Wellington Management Inc
(651) 292-9844
Listed By:
Greg Croucher
(651) 999-5515
Source:
Moodyscre
Added: Mar 11, 2022
Changed: Sep 23
Last Checked: Oct 11 at 6:47AM
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 Wellington Management Inc
Investment Insights
Based on property information with market context.
The Hi-Lake Shopping Center, part of the Phillips community for over 50 years, underwent a major repositioning and renovation starting in 2004. This included a new canopy, facade, storefronts, parking lot, landscaping, and two separate buildings in the outlots along Lake Street. The shopping center, adjacent to the light rail, was restored in 2020-2021 and welcomed a new Burlington. The property is part of a larger portfolio of work along the Lake & Hiawatha corridors, which includes 424 transit-oriented residential units. Retailers benefit from significant foot traffic from residents and light rail riders, as well as high visibility on Hiawatha Avenue. The available retail space measures 1891 square feet.
Key Highlights
- Light rail‑adjacent location provides high foot traffic and accessibility.
- Recently renovated in 2020‑2021 after Lake Street riots, ensuring a modern and appealing shopping environment.
- Part of a larger 25‑acre development with 424 transit‑oriented residential units, creating a built‑in customer base.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
129k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 33%
Apparel 23%
Electronics 1%
Raising Cane's Chicken Fingers
Dining
34,962 visits/mo
0.2 miles
Burlington
Apparel
24,562 visits/mo
0.1 miles
MotoMart
Shops & Services
17,702 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,879 visits/mo
0.1 miles
Marathon
Shops & Services
10,333 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Minneapolis, MN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coin Cloud Bitcoin ATM — 1700 E Lake St, Minneapolis, MN 55407
- Hi-Lake Shopping Center — 2130 E Lake St, Minneapolis, MN 55407
- Coinstar Kiosk | Bitcoin ATM — Cub Foods, 2850 26th Ave S, Minneapolis, MN 55406
- Minnehaha Center — E Lake St &, Minnehaha Ave S, Minneapolis, MN 55406
- Coin Cloud Bitcoin ATM — 2850 26th Ave S, Minneapolis, MN 55406
Frequently Asked Questions
What type of property is this?
Shopping center - Retail space in renovated shopping center with high visibility.
Where is this shopping center located?
The property is located at 2216-2218 Lake St E Minneapolis, MN.
What are key features of this property?
This property features: Light rail‑adjacent location provides high foot traffic and accessibility.; Recently renovated in 2020‑2021 after Lake Street riots, ensuring a modern and appealing shopping environment.; Part of a larger 25‑acre development with 424 transit‑oriented residential units, creating a built‑in customer base.
