Retail Storefront
For Sale
$1,300,000
2929 Lyndale Ave S, Minneapolis, MN 55408
For-sale retail storefront property presented as a dedicated retail space.
Property Size4,899 SF
Days on Market73
Property Features for 2929 Lyndale Ave S
General Information
Standard status
Active
Size
4,899 SF
Property subtype
Retail
Building Details
Building Size
4,899 SF
Year Built
1918
Stories
1
Listing Agency:
Kenwood Commercial
Listed By:
Michael Doyle
Source:
Commercialcafe
Added: Jul 3
Changed: Sep 11
Last Checked: Sep 12 at 4:17AM
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 Kenwood Commercial
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is offered as a dedicated retail space. The property is categorized as a storefront within the broader retail property and commercial real estate categories.
The asset is located at 2929 LYNDALE AVE S in Minneapolis, MN 55408. It is being marketed for sale with an identified property size of 4,899 square feet.
As presented, this listing offers a straightforward retail storefront format for buyers seeking an on-market retail space in the Minneapolis area.
The asset is located at 2929 LYNDALE AVE S in Minneapolis, MN 55408. It is being marketed for sale with an identified property size of 4,899 square feet.
As presented, this listing offers a straightforward retail storefront format for buyers seeking an on-market retail space in the Minneapolis area.
Key Highlights
- Dedicated retail storefront property
- Built in 1918
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,001
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,180,020
$1.2M
Cap Rate 7%
$842,871
$842.9K
Cap Rate 9%
$655,567
$655.6K
Market Conditions
NOI Build-Up for 4,899 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$91.1K $18.60/SF
− Vacancy
−$6.8K −$1.40/SF
EGI
$84.3K $17.21/SF
− OpEx
−$25.3K −$5.16/SF
NOI
$59.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,180,020
Cap Rate 7%
$842,871
Cap Rate 9%
$655,567
Alternative Uses
Best Use
Retail
$842.9K
$737.5K – $983.4K
NOI $59,001 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,816 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,773
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 37%
Shops & Services 15%
Apparel 3%
Cub Foods
Groceries
30,982 visits/mo
0.3 miles
Aldi
Groceries
21,610 visits/mo
0.4 miles
McDonald's
Dining
16,650 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
14,647 visits/mo
0.3 miles
Speedway
Shops & Services
14,134 visits/mo
0.1 miles
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
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
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront property presented as a dedicated retail space.
Where is this storefront property located?
The property is located at 2929 Lyndale Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Dedicated retail storefront property; Built in 1918
