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 Market180
Property Features for 5462 Nicollet Ave
General Information
Standard status
Active
Size
6,218 SF
Property subtype
RETAIL
Listing Agency:
Transwestern
(612) 343-4200
Listed By:
Michael Salmen
(612) 359-1660
Source:
Moodyscre
Added: Mar 17
Changed: Sep 7
Last Checked: Sep 12 at 4:25AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,886
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Minneapolis, MN
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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
