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Prime Retail Space Near Lightrail
For Lease
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3810 46th St E, Minneapolis, MN

Highly visible retail space with excellent foot traffic and public transportation.

Space Size739 SF
Lot Size0.78 Acres
Days on Market371

Property Features for 3810 46th St E

General Information

Standard status Active
Size 739 SF
Lot size 0.78 Acres
Property subtype RETAIL

Spaces For Lease

at 3810 46th St E
Oaks Hiawatha Station AVAILABLE, Now
Floor 1
Size 739 SF
Type RETAIL
Rate Contact for pricing
Lease Type NNN
Sublease No
Oaks Hiawatha Station is located in South Minneapolis near Minnehaha Regional Park, Lake Hiawatha, and Lake Nokomis. It is conveniently situated just across the street from the 46th Street Light Rail station, providing quick and easy transportation to downtown, UofM Campus, MSP international airport, and the Mall of America. The retail space can boast being inside the winner of the 2006 MADACS Award for Best Floor Plan Specialty and the 2014 Property Excellence Award. The Oaks Hiawatha Station open floor retail space sits under 61 apartment units providing a tremendous opportunity for business options. Formerly a Snap Fitness studio, a shell condition suite creates a customizable build out for various types of businesses. The open floor plan of 739 SF floor plate offers flexibility for a variety of uses. Positioned next to the light rail and a popular beer distillery, this highly visible corner location offers exceptional foot traffic and consistent exposure. With residential apartments directly above, the space presents a unique opportunity for a sit-down restaurant that seamlessly serves both the local community and daily commuters. To help visualize the full potential of the space, Simple Finesse Design Studio has created a thoughtfully rendered concept, showcasing how design, flow, and ambiance can turn this location into a high-impact culinary destination. Whether you're an operator seeking your next flagship or a visionary ready to bring something bold and culture-forward to the neighborhood, this space is primed for something special. • Two Restrooms and Floor to Ceiling Windows • 150 ft. of Frontage street and patio • Hiawatha Ave (HWY 55) 21,300 VPD • Walk to Cub Foods, Walgreens, Venn Brewing Co. • Easy access to public transportation • Professional management • 1,000 new multi-family units in surrounding neighborhood • TI allowance for build out is negotiable
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Listing Agency: Real Broker, LLC
Listed By: Chris Missling
Source: Moodyscre
Added: Sep 30, 2025 Changed: Sep 5 Last Checked: Oct 4 at 11:27AM

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 Real Broker, LLC

Investment Insights

Based on property information with market context.

Located in South Minneapolis near Minnehaha Regional Park, Lake Hiawatha, and Lake Nokomis, the Oaks Hiawatha Station offers retail space with convenient access to the 46th Street Light Rail station. This provides transportation to downtown, the University of Minnesota campus, MSP International Airport, and the Mall of America. The retail space is located within the winner of the 2006 MADACS Award for Best Floor Plan Specialty and the 2014 Property Excellence Award. The open floor retail space is situated beneath 61 apartment units. Formerly a Snap Fitness studio, the shell condition suite allows for a customizable build-out for various types of businesses. The open floor plan measures 739 square feet. Positioned next to the light rail and a beer distillery, this corner location offers foot traffic and exposure. With residential apartments directly above, the space presents an opportunity for a sit-down restaurant. The space includes two restrooms and floor-to-ceiling windows. It features 150 feet of frontage street and patio. It is located near Cub Foods, Walgreens, and Venn Brewing Co. The location has easy access to public transportation and professional management. There are 1,000 new multi-family units in the surrounding neighborhood. The TI allowance for build out is negotiable. The location on Hiawatha Avenue (Highway 55) sees 21,300 vehicles per day.

Key Highlights

  • Prime location directly across from the 46th Street Light Rail station, offering exceptional access.
  • High‑visibility corner location with 150 ft. of frontage, next to a popular beer distillery, ensuring consistent foot traffic and exposure (21,300 VPD on Hiawatha Ave).
  • Located beneath 61 apartment units, providing a built‑in customer base.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Accounting Firm Electrical Service Auto Parts Store HVAC Service (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,255
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 84% Dining 8% Apparel 8%
Holiday Station Store Shops & Services
10,811 visits/mo 0.5 miles
Speedway Shops & Services
4,935 visits/mo 0.2 miles
Milio's Sandwiches Dining
1,456 visits/mo 0.2 miles
Free People Apparel
1,439 visits/mo 0.5 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Minneapolis, MN

$15.8 /SF/Yr
Avg Asking Price
$5.02–$24 /SF/Yr
Price Range
7,318 SF
Avg Space Size

Vacancy Rate% for Retail in Minneapolis, MN

5.8% 2019
6.4% 2020
5.7% 2021
4.9% 2022
4.2% 2023
3.7% 2024
4.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Highly visible retail space with excellent foot traffic and public transportation.
Where is this retail space located?
The property is located at 3810 46th St E Minneapolis, MN.
What are key features of this property?
This property features: Prime location directly across from the 46th Street Light Rail station, offering exceptional access.; High‑visibility corner location with 150 ft. of frontage, next to a popular beer distillery, ensuring consistent foot traffic and exposure (21,300 VPD on Hiawatha Ave).; Located beneath 61 apartment units, providing a built‑in customer base.
(612) 812-1317 Call to check price and availability
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