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    1125 Lagoon Ave Minneapolis, MN 55408

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Retail, 1,500-3,164 sq ft

    Lot size:
    170,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Asher offers exceptional retail space within a vibrant Uptown Minneapolis location. This Class A, seven-story building, constructed in 2020, boasts 170,000 square feet and is situated directly beneath 175 brand new apartments, ensuring a built-in customer base. Currently, one retail space is available, ranging from 1,500 to 3,164 square feet, offering flexibility for various businesses. The space is delivered in shell condition, allowing for complete customization to suit individual tenant needs and branding. This prime location provides unparalleled access to a thriving community, with proximity to Lake Calhoun, Bde Maka Ska, and major transportation arteries like Interstates 94 and 35W. Street parking is available for customers and employees. The property is located in Hennepin County, and the cross street is Dupont Ave S. This presents a unique opportunity for businesses seeking a high-visibility location within a rapidly growing area, with a competitive lease rate designed to attract businesses quickly. The building's modern design and convenient amenities create an ideal environment for both businesses and their customers. This is a rare chance to establish a presence in a sought-after Uptown Minneapolis location.

    Property Features for 1125 Lagoon Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    170,000 SF
    Class
    A
    Total Rate
    255000

    Building Details

    Year Built
    2020
    Stories
    7

    Unit(s) available at that property

    Space
    Suite 1
    Size
    3,164 SF
    Rate per SF
    $18

    HighLights

    • Class A, 170,000 square foot, seven‑story retail/restaurant building built in 2020.
    • Multiple tenancy retail space available, 1,500 - 3,164 square feet.
    • Located in Uptown Minneapolis, Hennepin County, near Lake Calhoun, Bde Maka Ska, I‑94, and I‑35W.
    • Street parking available.
    • Located beneath 175 new apartment units, offering high foot traffic.
    • Shell condition spaces allow for tenant build‑out.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cheba Hut Toasted ... Sandwich Shop The Asher Apartment Complex

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2943416
    Latitude
    44.9486936

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail, 1,500-3,164 sq ft
    Where is this restaurant located?
    The property is located at 1125 Lagoon Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class A, 170,000 square foot, seven-story retail/restaurant building built in 2020.; Multiple tenancy retail space available, 1,500 - 3,164 square feet.; Located in Uptown Minneapolis, Hennepin County, near Lake Calhoun, Bde Maka Ska, I-94, and I-35W.
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    Minneapolis, MN 55408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1125 Lagoon Ave Minneapolis, MN 55408
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