Streetfront Retail
5462 Nicollet Ave Minneapolis, MN 55419
For Sale
Contact for pricing
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 Market134
Property Features for 5462 Nicollet Ave
General Information
Standard status
Active
Size
6,218 SF
Property subtype
RETAIL
Listing Agency:
Transwestern
(612) 359-1660
Listed By:
Michael Salmen
(612) 359-1660
Source:
Moodyscre
Added: Mar 17
Changed: Jul 25
Last Checked: Jul 27 at 12:45PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.7k | $18.60 |
| − Vacancy | −$8.7k | −$1.40 |
| EGI | $107.0k | $17.21 |
| − OpEx | −$32.1k | −$5.16 |
| NOI | $74.9k | $12.04 |
6,218 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
