240 Portland Ave Minneapolis, MN
5,500 SF retail space ideal for restaurant use.
Type:RETAIL
Property size:
5,500 SFLot size:
0.50 Acres- Added:
- Nov 17, 2025
- Days on Market:
- 134
- Last Refresh:
- Mar 29 at 9:15 pm
Property Features for 240 Portland Ave
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Lot size
- 0.50 Acres
- Property subtype
- RETAIL
Spaces For Lease
at 240 Portland Ave Contact usListing agent Gerald Driessen (612) 336-4310
Listing office CBRE - Minnesota (612) 336-4310
Listing date Nov 17, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Minnesota
Overview
Retail Space in Luxury Building
Approximately 5,500 square feet of vacant retail space is available for lease on the first floor of a 20-story luxury apartment building, facing Washington and Portland. The suite is ideally suited for a restaurant and is divisible to approximately 1,500 square feet. Currently, the suite is an open space, newly constructed in 2024. The space features entrances on the sidewalk and potential for patio seating. Restrooms are to be built private to the suite. The suite is sprinklered and handicap accessible, featuring large windows facing Washington and Portland, and very high ceilings. The landlord is willing to provide a generous improvement allowance. The base rent is $27.00 NNN per square foot per year, with an additional $10.00 per square foot per year for tax, CAM, and operating expenses. The tenant is responsible for in-suite janitorial services and utilities. The tenant is also responsible for HVAC repairs, replacement, and maintenance; the existing HVAC units are brand new.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2606
- Latitude
- 44.9781
Nearby Similar for Lease
FAQs
What type of property is this?
Retail space - 5,500 SF retail space ideal for restaurant use.
Where is this retail space located?
The property is located at 240 Portland Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Ideal for restaurant use with potential for **patio seating**.; Generous landlord improvement allowance available.; Located on the first floor of a new (2024) 20‑story luxury apartment building.
