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Mixed-Use Property with Ground-Floor Retail
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For Lease
Contact for pricing

4603-4609 Minnehaha Ave, Minneapolis, MN 55406

Commercial space sits beneath 126 modern apartments, with light rail and bus service nearby.

Space Size1,498 SF
Days on Market7

Property Features for 4603-4609 Minnehaha Ave

General Information

Standard status Active
Size 1,498 SF
Property subtype RETAIL

Space & Availability

Floor Ground
Space Use Retail

Additional Details

Corner Location Yes

Amenities

public art plaza with native landscaping and an iconic sculpture

Spaces For Lease

at 4603-4609 Minnehaha Ave
Retail Office Space For Lease On First Floor Of Wakpada Apartments AVAILABLE, Now
Floor 1
Size 1,498 SF
Type RETAIL
Rate Contact for pricing
Sublease No
• Retail or mixed-use space below a brand-new 126-unit modern apartment building • Highly accessible for commuters, situated steps away from the 46th Street Light Rail Station and major bus transit lines. • Located just one block from Minnehaha Falls Regional Park and steps from the bustling Minnehaha Mile shopping district. Prime ground-floor retail space is available for lease at Wakpada Apartments, located just steps away from Minnehaha Falls in the vibrant Hiawatha neighborhood of South Minneapolis. This high-visibility corner location features over 3,000 square feet of commercial space situated directly beneath 126 fully occupied, modern apartment units. The building features a public art plaza with native landscaping and an iconic sculpture by a celebrated Dakota artist, drawing neighborhood visitors directly past your doors.
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Listing Agency: Assembly MN LLC
Listed By: Chelsea Hill
Source: Moodyscre
Added: Sep 29 Changed: Oct 4 Last Checked: Oct 4 at 10:04AM

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 Assembly MN LLC

Investment Insights

Based on property information with market context.

Ground-floor commercial space is part of Wakpada Apartments, a mixed-use building with 126 modern apartment units above. The property also includes a public art plaza, native landscaping, and a sculpture by a Dakota artist. Retail or mixed-use occupancy is identified for the commercial area.

The building at 4603-4609 Minnehaha Ave in Minneapolis is steps from the 46th Street Light Rail Station and major bus lines. Minnehaha Falls Regional Park is one block away, and Minnehaha Mile shopping district is nearby.

Key Highlights

  • Ground‑floor commercial space beneath 126 modern apartment units
  • Retail or mixed‑use occupancy identified for the commercial space
  • Steps from the 46th Street Light Rail Station and major bus lines

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Hair Salon HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Accounting Firm

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

567
Businesses Nearby
79k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 36% Shops & Services 34% Dining 29%
Cub Foods Groceries
28,722 visits/mo 0.2 miles
Holiday Station Store Shops & Services
21,460 visits/mo 0.2 miles
Burger King Dining
15,408 visits/mo 0.2 miles
Pet Supplies Plus Shops & Services
5,515 visits/mo 0.2 miles
SUBWAY Dining
4,290 visits/mo 0.2 miles

Demographics for 55406, MN

34,588
Population
17,439
Households
2
Avg Household Size
39
Median Age
56%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
6,918
Density / Sq Mi
$91,865
Median Household Income
$56,291
Median Earnings
$1,276
Median Rent
$335,500
Median Home Value

Market

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?
Mixed-use property - Commercial space sits beneath 126 modern apartments, with light rail and bus service nearby.
Where is this mixed-use property located?
The property is located at 4603-4609 Minnehaha Ave Minneapolis, MN.
What are key features of this property?
This property features: Ground‑floor commercial space beneath 126 modern apartment units; Retail or mixed‑use occupancy identified for the commercial space; Steps from the 46th Street Light Rail Station and major bus lines
(612) 210-5412 Call to check price and availability
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