Retail Space Near Light
New
For Lease
$1,600/Mo
2929 University Ave SE, Minneapolis, MN 55414
Available suites offer flexible retail configurations with deck parking and convenient campus access.
Space Size1,600 SF - 3,822 SF
Days on Market1
Property Features for 2929 University Ave SE
General Information
Standard status
Active
Size
1,600 SF - 3,822 SF
Net Rentable
1,600 SF
Property subtype
Retail
Additional Details
Available Space
1,600-3,822 SF
Amenities
onsite deck parking
Listing Agency:
Minneapolis - St. Paul
Listed By:
Terese Reiling-Holden
(952) 897-7738
Source:
Colliers
Added: Sep 16
Last Checked: Sep 16 at 1:44PM
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 Minneapolis - St. Paul
Investment Insights
Based on property information with market context.
Retail space is available at 2929 University Ave SE in Minneapolis, with two suite options: Suite 1 contains 3,822 SF and Suite 3 contains 1,600 SF. The property includes onsite deck parking for occupants and visitors.
The site is positioned on University Ave, which records 12,340 vpd, and sits across from a light rail station. The University of Minnesota campus is approximately a 4-minute drive away, providing a transit-connected setting near a major educational institution.
The site is positioned on University Ave, which records 12,340 vpd, and sits across from a light rail station. The University of Minnesota campus is approximately a 4-minute drive away, providing a transit-connected setting near a major educational institution.
Key Highlights
- Suite 1 offers 3,822 SF of retail space
- Suite 3 offers 1,600 SF of retail space
- 12,340 vpd on University Ave
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,598
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Hotels & Casinos 37%
Dining 3%
Holiday Station Store
Shops & Services
15,585 visits/mo
0.3 miles
Speedway
Shops & Services
9,227 visits/mo
0.3 miles
Hilton Garden Inn
Hotels & Casinos
4,955 visits/mo
0.4 miles
Days Hotel by Wyndham University Ave SE
Hotels & Casinos
4,019 visits/mo
0.5 miles
Hampton Inn & Suites Minneapolis University Area
Hotels & Casinos
3,868 visits/mo
0.2 miles
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Minneapolis, MN
$18.89 /SF/Yr
Avg Asking Price
$12–$24 /SF/Yr
Price Range
7,053 SF
Avg Space Size
This space is priced 73% below the average of $18.89 /SF/Yr.
Vacancy Rate% for Retail in Minneapolis, MN
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Frequently Asked Questions
What type of property is this?
Retail space - Available suites offer flexible retail configurations with deck parking and convenient campus access.
Where is this retail space located?
The property is located at 2929 University Ave SE Minneapolis, MN.
What is the lease rate?
The lease rate is $1,600/Mo.
What are key features of this property?
This property features: Suite 1 offers 3,822 SF of retail space; Suite 3 offers 1,600 SF of retail space; 12,340 vpd on University Ave
