Minneapolis Mixed-Use Commercial
For Sale
Contact for pricing
Pending
5609 Chicago Ave, Minneapolis, MN 55417
Versatile 4,220 SF commercial property in Diamond Lake neighborhood.
Property Size6,452 SF
Days on Market202
Property Features for 5609 Chicago Ave
General Information
Standard status
Pending
Size
6,452 SF
Class
C
Property subtype
Mixed Use, Office, Retail
Zoning
C-1
Occupancy
50%
Lease Type
Modified Gross
Investment Type
Owner/User
Net Operating Income
$46,400
Building Details
Year Built
1940
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Verde Real Estate Group
Listed By:
Rich Minn · License #MN
Source:
Crexi
Added: Jan 29
Changed: Aug 14
Last Checked: Aug 14 at 6:04AM
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 Verde Real Estate Group
Investment Insights
Based on property information with market context.
This versatile 4,220 SF commercial property is located in the Diamond Lake neighborhood of Minneapolis. The property offers an opportunity for investors seeking stable cash flow or owner-occupants looking to establish a flagship location. The building includes approximately 4,220 SF across two units, with an additional 3,000 SF basement suitable for storage or utilities. The space features 11'+ ceilings, original hardwood floors, and large windows that provide natural light from western exposure. Central heating and air conditioning are installed, along with a 200 AMP electrical system and separate utilities for each unit. The property includes 3 garages and off-street parking, complemented by ample street parking. Situated in a high-traffic location with alfresco sidewalks, the property is suitable for retail or dining concepts. It is located directly across from Todd Park and next to Kowalski's Market, which ensures steady foot traffic and local visibility.
Key Highlights
- 4,220 SF commercial property in Minneapolis' Diamond Lake neighborhood, suitable for investors or owner‑occupants.
- High‑traffic location with 'alfresco' sidewalks, ideal for retail or dining.
- Located directly across from Todd Park and next to Kowalski's Market, ensuring high visibility and foot traffic.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 55417, MN
26,259
Population
11,556
Households
2.3
Avg Household Size
40
Median Age
62%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
5,968
Density / Sq Mi
$122,639
Median Household Income
$71,250
Median Earnings
$1,377
Median Rent
$368,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile 4,220 SF commercial property in Diamond Lake neighborhood.
Where is this mixed-use property located?
The property is located at 5609 Chicago Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $464,800.
What are key features of this property?
This property features: 4,220 SF commercial property in Minneapolis' Diamond Lake neighborhood, suitable for investors or owner‑occupants.; High‑traffic location with 'alfresco' sidewalks, ideal for retail or dining.; Located directly across from Todd Park and next to Kowalski's Market, ensuring high visibility and foot traffic.
