Two-Level Freestanding
For Sale
Contact for pricing
2500 Central Ave NE, Minneapolis, MN 55418
Vacant commercial space with a primary retail area and functional lower-level floor area.
Property Size13,665 SF
Price / SF$142.70
Days on Market53
Property Features for 2500 Central Ave NE
General Information
Standard status
Active
Size
13,665 SF
Property subtype
RETAIL
Additional Details
Corner Location
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
Wyn Group
(763) 888-8111
Listed By:
Jay Mawas · License #40684904
(612) 772-3566
Source:
Moodyscre
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 19 at 7:14AM
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 Wyn Group
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Investment Insights
Based on property information with market context.
This freestanding storefront property provides 13,665 square feet of commercial space arranged across two levels. The building includes a primary retail area and a lower level that can support additional commercial functions. Delivery is scheduled in vacant condition, allowing the next owner to plan the space around its intended operation.
The property is located at 2500 Central Ave NE at the intersection of Central Avenue NE and Lowry Avenue NE. Its two-level configuration and combination of retail and lower-level space provide a practical foundation for an owner-user or a future multi-tenant layout.
The property is located at 2500 Central Ave NE at the intersection of Central Avenue NE and Lowry Avenue NE. Its two-level configuration and combination of retail and lower-level space provide a practical foundation for an owner-user or a future multi-tenant layout.
Key Highlights
- 13,665 SF of commercial space across two levels
- Freestanding storefront property
- Primary retail area plus usable lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,574
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,291,480
$3.3M
Cap Rate 7%
$2,351,057
$2.4M
Cap Rate 9%
$1,828,600
$1.8M
Market Conditions
NOI Build-Up for 13,665 SF
Gross rent
$254.2K $18.60/SF
− Vacancy
−$19.1K −$1.40/SF
EGI
$235.1K $17.21/SF
− OpEx
−$70.5K −$5.16/SF
NOI
$164.6K $12.04/SF
Area
Minneapolis, MN
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,291,480
Cap Rate 7%
$2,351,057
Cap Rate 9%
$1,828,600
Alternative Uses
Best Use
Retail
$2.35M
$2.06M – $2.74M
NOI $164,574 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $228,213 @ 7.0% cap · market cap 11.70%
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
636
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
AutoZone
Shops & Services
2,885 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Minneapolis, MN
Similar Off Market Nearby
- Ecuadorian Central Flower — 2223 Central Ave NE Suite #4, Minneapolis, MN 55418
- Lowry & Monroe Florists — 694 NE Lowry Ave, Minneapolis, MN 55418
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial space with a primary retail area and functional lower-level floor area.
Where is this storefront property located?
The property is located at 2500 Central Ave NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 13,665 SF of commercial space across two levels; Freestanding storefront property; Primary retail area plus usable lower level
