Fully Leased Mixed-Use
For Sale
Contact for pricing
2550 Nicollet Ave, Minneapolis, MN 55404
Retail and residential occupancy spans multiple tenants, with commercial lease commitments extending 6.9 years on a weighted-average basis.
Property Size37,884 SF
Days on Market144
Property Features for 2550 Nicollet Ave
General Information
Standard status
Active
Size
37,884 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
JLL - Minneapolis, Minnesota
(612) 396-7723
Listed By:
Matt Hazelton · License #MN 40449423
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 1:32PM
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 JLL - Minneapolis, Minnesota
Investment Insights
Based on property information with market context.
This 37,884-square-foot mixed-use property combines seven commercial tenants with 13 residential tenants and is 100% leased. The commercial component has a 6.9-year WALT, while recent work includes a roof replacement with warranties and common-area improvements. Structural upgrades totaling over $500,000 have also been completed. Starbucks recently signed a 10-year agreement, and Icehouse and Vertical Endeavors have each occupied more than half of the commercial space collectively for over 11 years.
The property is positioned along Nicollet Ave in Minneapolis’ Eat Street submarket, a historic area between downtown Minneapolis and Minneapolis-Saint Paul International Airport. Each destination is approximately 10 minutes away. More than 262,000 people live within a three-mile radius, providing a dense surrounding residential base and access to nearby essential amenities.
The property is positioned along Nicollet Ave in Minneapolis’ Eat Street submarket, a historic area between downtown Minneapolis and Minneapolis-Saint Paul International Airport. Each destination is approximately 10 minutes away. More than 262,000 people live within a three-mile radius, providing a dense surrounding residential base and access to nearby essential amenities.
Key Highlights
- 37,884 SF mixed‑use property with 100% occupancy
- Seven commercial tenants and 13 residential tenants
- Commercial portion carries a 6.9‑year WALT
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,271
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Groceries 41%
Aldi
Groceries
21,610 visits/mo
0.4 miles
McDonald's
Dining
19,069 visits/mo
0.2 miles
Pho Hoa Noodle Soup
Dining
8,029 visits/mo
0.1 miles
Bambu Desserts & Drinks
Dining
2,535 visits/mo
0.3 miles
Slice
Dining
1,408 visits/mo
0.2 miles
Demographics for 55404, MN
29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
Median Home Value
Market
Vacancy Rate% for Retail in Minneapolis, MN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and residential occupancy spans multiple tenants, with commercial lease commitments extending 6.9 years on a weighted-average basis.
Where is this mixed-use property located?
The property is located at 2550 Nicollet Ave Minneapolis, MN.
What are key features of this property?
This property features: 37,884 SF mixed‑use property with 100% occupancy; Seven commercial tenants and 13 residential tenants; Commercial portion carries a 6.9‑year WALT
