Spaces For Lease

at 3959 Central Ave NE

Retail for Lease- 800 Sq. Ft. Former Dairy Queen $44.18/SF/Yr

Floor 1

Size 800 SF

Type RETAIL

Lease Type NNN

Availability AVAILABLE, Now

Sublease No

PROPERTY OVERVIEW: Approximately 800 Sq. Ft. of prime retail space available for lease. This former Dairy Queen is highly visible and located on a corner- lot. It is an excellent opportunity for an ice cream concept, sandwich/deli shop, coffee house, or other retail uses. The property is conveniently located minutes from I-694, University Avenue, East River Road, and I-94, 10 minutes from downtown Minneapolis. Key Features & Highlights: - Spacious Outdoor Seating - Adjacent to historic Heights Theater & next to brand-new Ratio Apartments (266 units) and Columbia Heights City Hall. - Excellent Signage and Visibility to Central Avenue. - Existing FF&E Available: 2 freezers, 2 service counters, menu boards, & a cake freezer. - Single restroom included. Additional Details: - Building does not include a kitchen hood; tenant responsible for installation if desired. - Tenant responsible for all utilities (gas, electric, water, trash) - Tenant reimburse Landlord $97.50 per snow removal occurence.

Contact us

Listing Agency: KW Commercial - Minnetonka Show Phone

Listed By: Royce Durhman, CCIM Show Phone

Source: Moodyscre

Added: Jan 16 Changed: Oct 15 Last Checked: Oct 20 at 5:59PM

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Investment Insights

Based on property information with market context.

Former Dairy Queen storefront retail space is approximately 800 SF and offers a layout suited to food service and quick-serve concepts. The space includes spacious outdoor seating and existing FF&E, including 2 freezers, 2 service counters, menu boards, and a cake freezer. A single restroom is included, and there is no kitchen hood in the building, with tenant responsible for any hood installation if desired.

The property is highly visible on a corner lot with signage and visibility to Central Avenue. It is adjacent to historic Heights Theater and next to Ratio Apartments and Columbia Heights City Hall, placing the site in a retail- and community-oriented setting.

Tenant responsibilities include all utilities (gas, electric, water, trash), and the tenant reimburses the landlord $97.50 per snow removal occurrence.

Key Highlights

• Approximately 800 SF of retail space available for lease in a former Dairy Queen on a corner lot.
• Highly visible frontage on Central Avenue with existing signage.
• Includes spacious outdoor seating and one restroom.

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Nail Salon Parking Lot & Garage Kitchen & Bath Showroom

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

$6.63 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

712

Businesses Nearby

42k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 95% Home Improvements & Furnishings 3% Electronics 1%

Holiday Station Store Shops & Services

18,427 visits/mo 0.4 miles

Family Dollar Shops & Services

8,585 visits/mo 0.1 miles

Mobil Shops & Services

7,348 visits/mo 0.3 miles

O'Reilly Auto Parts Shops & Services

3,139 visits/mo 0.3 miles

Napa Auto Parts Shops & Services

2,314 visits/mo 0.1 miles

Demographics for 55421, MN

30,580

Population

13,247

Households

2.3

Avg Household Size

37

Median Age

34%

College-Educated

90%

High-School Grad

6.3 sq mi

ZIP Area

4,854

Density / Sq Mi

$75,141

Median Household Income

$44,242

Median Earnings

$1,281

Median Rent

$260,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - About 800 SF storefront on a corner lot with outdoor seating, existing FF&E, and one restroom.

Where is this storefront property located?

The property is located at 3959 Central Ave NE Columbia Heights, MN.

What is the lease rate?

The lease rate is $44.18 SF/Yr.

What are key features of this property?

This property features: Approximately 800 SF of retail space available for lease in a former Dairy Queen on a corner lot.; Highly visible frontage on Central Avenue with existing signage.; Includes spacious outdoor seating and one restroom.