Streetfront Retail
For Sale
Contact for pricing
5462 Nicollet Ave, Minneapolis, MN 55419
Retail storefront with an open layout, off-street parking, and frontage along Nicollet Avenue in Minneapolis.
Property Size6,218 SF
Price / SF$225.15
Days on Market226
Property Features for 5462 Nicollet Ave
General Information
Standard status
Active
Size
6,218 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Southwest
Listing Agency:
Transwestern
(612) 343-4200
Listed By:
Michael Salmen
(612) 359-1660
Source:
Moodyscre
Added: Mar 17
Changed: Oct 26
Last Checked: Oct 26 at 5:26PM
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
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Investment Insights
Based on property information with market context.
This storefront retail property offers an open layout suited to a variety of commercial and retail uses. The offering includes a 6,218-square-foot building configured as a single retail space, with the commercial focus centered on street-level visibility.
The property is located at 5462 Nicollet Avenue South in the Windom neighborhood of Minneapolis. It sits near the signalized intersection of Nicollet Avenue and Diamond Lake Road, just blocks from Interstate 35W, and benefits from frontage along Nicollet Avenue and off-street parking.
From a tenant-ready perspective, the open floor plan can support flexible layout planning for many retail concepts, with customer access aligned to Nicollet Avenue frontage.
The property is located at 5462 Nicollet Avenue South in the Windom neighborhood of Minneapolis. It sits near the signalized intersection of Nicollet Avenue and Diamond Lake Road, just blocks from Interstate 35W, and benefits from frontage along Nicollet Avenue and off-street parking.
From a tenant-ready perspective, the open floor plan can support flexible layout planning for many retail concepts, with customer access aligned to Nicollet Avenue frontage.
Key Highlights
- 6,218 SF storefront commercial property at 5462 Nicollet Avenue South in Minneapolis, MN
- Frontage along Nicollet Avenue near the signalized intersection with Diamond Lake Road
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,886
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,497,720
$1.5M
Cap Rate 7%
$1,069,800
$1.1M
Cap Rate 9%
$832,067
$832.1K
Market Conditions
NOI Build-Up for 6,218 SF
Gross rent
$115.7K $18.60/SF
− Vacancy
−$8.7K −$1.40/SF
EGI
$107.0K $17.21/SF
− OpEx
−$32.1K −$5.16/SF
NOI
$74.9K $12.04/SF
Area
Minneapolis, MN
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,497,720
Cap Rate 7%
$1,069,800
Cap Rate 9%
$832,067
Alternative Uses
Best Use
Retail
$1.07M
$936.1K – $1.25M
NOI $74,886 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,844 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 19%
Home Improvements & Furnishings 9%
Holiday Station Store
Shops & Services
22,372 visits/mo
0.1 miles
Starbucks
Dining
9,433 visits/mo
0.5 miles
Mobil
Shops & Services
8,039 visits/mo
0.4 miles
Diamond Lake Hardware
Home Improvements & Furnishings
4,282 visits/mo
0.1 miles
AutoZone
Shops & Services
3,649 visits/mo
0.5 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
Check the figures for this property
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Market
Vacancy Rate% for Retail in Minneapolis, MN
Similar Off Market Nearby
- Cub Foods Floral — 5937 Nicollet Ave, Minneapolis, MN 55419
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with an open layout, off-street parking, and frontage along Nicollet Avenue in Minneapolis.
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: 6,218 SF storefront commercial property at 5462 Nicollet Avenue South in Minneapolis, MN; Frontage along Nicollet Avenue near the signalized intersection with Diamond Lake Road; Off‑street parking included
