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Storefront Commercial Property For Sale

5462 Nicollet Ave, Minneapolis, MN 55419

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For Sale

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6,218 SF storefront in Minneapolis' Windom neighborhood.

Type:Retail

Property size:

7,118 SF

Price / SF:

$196/SF

HighLights

High visibility and frontage on Nicollet Avenue.
Located in the walkable Windom neighborhood near other street retail.
Proximity to Interstate 35W.
Open layout suitable for various commercial and retail uses.
Off‑street parking available.
Situated near the signalized intersection of Nicollet Avenue and Diamond Lake Road.

We can help!

Contact an agent

Mike Salmen

For Sale

Contact for pricing

6,218 SF storefront in Minneapolis' Windom neighborhood.

Type:Retail

Property size:

7,118 SF

Price / SF:

$196/SF

Added:: Mar 18, 2026
Days on Market:: 110
Last Refresh:: Mar 20 at 12:10 am

Property Features for 5462 Nicollet Ave

General Information

Standard status: Active
Size: 7,118 SF
Property subtype: Retail

Building Details

Year Built: 1947

We can help!

Contact an agent

Mike Salmen

Listing office Transwestern Minneapolis

Listing date Mar 18, 2026

Source Crexi

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 Transwestern Minneapolis

HighLights

High visibility and frontage on Nicollet Avenue.
Located in the walkable Windom neighborhood near other street retail.
Proximity to Interstate 35W.
Open layout suitable for various commercial and retail uses.
Off‑street parking available.
Situated near the signalized intersection of Nicollet Avenue and Diamond Lake Road.

Overview

This 6,218 square foot storefront commercial property is located at 5462 Nicollet Avenue South in Minneapolis, Minnesota. The property is situated in the Windom neighborhood, near the intersection of Nicollet Avenue and Diamond Lake Road, and blocks from Interstate 35W. It benefits from visibility and frontage along Nicollet Avenue, off-street parking, and proximity to other street retail in a walkable neighborhood. The property features an open layout suitable for a variety of commercial and retail uses. The building size is 7,118 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$132.4k	$18.60
− Vacancy	−$9.9k	−$1.40
EGI	$122.5k	$17.21
− OpEx	−$36.7k	−$5.16
NOI	$85.7k	$12.04

7,118 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,726 @ 7.0% cap · market cap 6.12%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.70M

$1.49M – $1.98M (±1% cap)

NOI $118,874 @ 7.0% cap · market cap 8.49%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Warners' Stellian Appliance ... HVAC Service

Suggested Use

Similar Places Nearby

Gardenias Florist — 515 W Lake St Suite C, Minneapolis, MN 55408
Best Buds Flower Shop — 703 w lake st, minneapolis, mn 55408
Floristeria Castro — 417 E Lake St, Minneapolis, MN 55408
Floreria Yare — 417 E Lake St #81, Minneapolis, MN 55408
Anturio Flowers — 417 E Lake St #317, Minneapolis, MN 55408

Location Insight

Map
Local Demand

City: Minneapolis
County: Anoka
State: Minnesota
Longitude: -93.2786989
Latitude: 44.9034508

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For sale
Storefront properties
MN
Minneapolis
55419
5462 Nicollet Ave

What type of property is this?

Storefront property - 6,218 SF storefront in Minneapolis' Windom neighborhood.

Where is this storefront property located?

The property is located at 5462 Nicollet Ave Minneapolis, MN.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: High visibility and frontage on Nicollet Avenue.; Located in the walkable Windom neighborhood near other street retail.; Proximity to Interstate 35W.