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Corner Retail Space
For Sale
Contact for pricing
Pending

5409 Penn Ave S, Minneapolis, MN 55419

Former fitness space near established dining, retail, and service businesses.

Property SizeContact for details
Days on Market141

Property Features for 5409 Penn Ave S

General Information

Standard status Pending
Property subtype Retail

Additional Details

Corner Location Yes
Listing Agency: Hoyt Properties
Listed By: Jeff Mitchell · License #MN
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 11:38PM

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 Hoyt Properties

Investment Insights

Based on property information with market context.

This retail space is located at 5409 Penn Ave S and was formerly occupied by Snap Fitness. The property sits at the corner of 54th and Penn, providing a prominent position within an established commercial area.

The location is minutes from Linden Hills and is surrounded by a range of dining, beverage, retail, and service operators. Nearby businesses include Tinto Kitchen, Broder’s Cucina, Broder’s Pasta Bar, Terzo Vino Bar, Lake Harriet Pizza, Marathon Sports, Hunt and Gather, Vinaigrette, Dunn Brothers, Red Wagon Pizza, and Book Club.

Key Highlights

  • Corner position at 54th and Penn
  • Former Snap Fitness location
  • Address: 5409 Penn Ave S, Minneapolis, MN 55419

Property Analytics

Current Use

Ryan Horn Performance Gym & Fitness Center JLS Design Build General Contractor Urban Cycle Gym & Fitness Center

Suggested Use

Top Pick Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Bakery Skin Care Clinic Acupuncture

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

Location Intelligence

Trade Area within ½ mile

524
Businesses Nearby
65k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 54% Dining 28% Apparel 15% Home Improvements & Furnishings 2%
Speedway Shops & Services
15,781 visits/mo 0.5 miles
Wingstop Dining
14,911 visits/mo 0.5 miles
Family Dollar Shops & Services
6,586 visits/mo 0.4 miles
7-Eleven Shops & Services
6,083 visits/mo 0.5 miles
O'Reilly Auto Parts Shops & Services
4,160 visits/mo 0.4 miles

Demographics for 55419, MN

27,919
Population
12,119
Households
2.3
Avg Household Size
39
Median Age
72%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
6,647
Density / Sq Mi
$143,254
Median Household Income
$77,467
Median Earnings
$1,476
Median Rent
$479,000
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?
Retail space - Former fitness space near established dining, retail, and service businesses.
Where is this retail space located?
The property is located at 5409 Penn Ave S Minneapolis, MN.
What are key features of this property?
This property features: Corner position at 54th and Penn; Former Snap Fitness location; Address: 5409 Penn Ave S, Minneapolis, MN 55419
More about this property
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