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Mixed-Use Building with On-Site Parking

501-509 Washington Ave S, Minneapolis, MN 55401

For Lease
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The building can accommodate office, studio, retail, or event uses and includes short-term parking.

Space Size1,821 SF - 4,500 SF
Days on Market34

Property Features for 501-509 Washington Ave S

General Information

Standard status Active
Size 1,821 SF - 4,500 SF
Property subtype Retail, Office, Special Purpose

Site & Location

Neighborhood Downtown West

Amenities

on-site parking

Spaces For Lease

at 501-509 Washington Ave S Contact us

1st Floor Active

Size 1,821 SF
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3rd Floor Active

Contact us

Lower Level Active

Size 4,500 SF
Contact us
Listing Agency: Assembly MN
Listed By: Chelsea Hill · License MN #40993033
Source: Crexi
Added: Oct 8 Changed: Nov 8 Last Checked: Nov 8 at 5:30PM

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

Rey
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Investment Insights

Based on property information with market context.

At 501–509 Washington Ave S, this mixed-use commercial building is suited to office, studio, retail, or event use. Short-term parking is available on site, with additional parking ramps and street parking nearby.

The property is in Minneapolis’ Downtown East neighborhood, close to The Depot, Stone Arch Bridge, Guthrie Theater, dining, and hotels.

Key Highlights

  • Mixed‑use commercial building at 501–509 Washington Ave S
  • Potential uses include office, studio, retail, or event space
  • On‑site short‑term parking

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Parts Store Electrical Service Veterinary Clinic HVAC Service Garden Center

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

11,063
Businesses Nearby
52k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 74% Shops & Services 17% Dining 9%
Renaissance Minneapolis Hotel, the Depot Hotels & Casinos
15,872 visits/mo 0.2 miles
Moxy Hotels Hotels & Casinos
9,936 visits/mo 0.3 miles
Residence Inn by Marriott Minneapolis Downtown at The Depot Hotels & Casinos
7,558 visits/mo 0.2 miles
Wells Fargo Shops & Services
7,070 visits/mo 0.4 miles
Best Western Plus The Normandy Inn & Suites Hotels & Casinos
5,478 visits/mo 0.4 miles

Demographics for 55401, MN

12,029
Population
8,988
Households
1.3
Avg Household Size
35
Median Age
79%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
15,036
Density / Sq Mi
$115,651
Median Household Income
$89,599
Median Earnings
$2,010
Median Rent
$401,500
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

Frequently Asked Questions

What type of property is this?
Mixed-use property - The building can accommodate office, studio, retail, or event uses and includes short-term parking.
Where is this mixed-use property located?
The property is located at 501-509 Washington Ave S Minneapolis, MN.
What are key features of this property?
This property features: Mixed‑use commercial building at 501–509 Washington Ave S; Potential uses include office, studio, retail, or event space; On‑site short‑term parking
(612) 210-5412 Call to check price and availability
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