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    1242 Hennepin Ave Minneapolis, MN 55403

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Minneapolis Restaurant Space Available

    Lot size:
    13,270 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 1242-1260 Hennepin Avenue in Minneapolis, Minnesota, offers 13,270 square feet of versatile space ideal for multiple restaurant tenants. Currently, there are four suites available, ranging from a minimum of 1,024 square feet to a maximum contiguous space of 3,474 square feet. A significant portion of the building is currently vacant, totaling 9,323 square feet, presenting a unique opportunity for expansion or multiple occupancy. The property is situated in Hennepin County, within the vibrant Minneapolis market, offering high visibility and accessibility. The address is 1242 Hennepin Ave, Minneapolis, MN 55403. This location provides excellent potential for businesses seeking a prominent presence in a bustling urban environment. The property's classification as a retail space with a restaurant subtype suggests its suitability for a variety of food service and related businesses. The multiple tenancy option allows for flexibility in lease terms and space allocation, catering to various business needs and sizes. With its strategic location and substantial available space, this property represents a compelling investment opportunity for discerning entrepreneurs and established businesses alike. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

    Property Features for 1242 Hennepin Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,270 SF
    Total Rate
    21010.83

    Unit(s) available at that property

    Space
    Suite 1244/A
    Size
    3,268 SF
    Rate per SF
    $19
    Space
    Suite 1258/F
    Size
    1,557 SF
    Rate per SF
    $19
    Space
    Suite 1242
    Size
    3,474 SF
    Rate per SF
    $19
    Space
    Suite 1256/E
    Size
    1,024 SF
    Rate per SF
    $19

    HighLights

    • Strong co‑tenancy with Vip Hair & Nail Salon, Alterations Express, Subway, and New Horizon Academy.
    • Located within a large mixed‑use development including 727 apartment units.
    • Covered employee parking is available.
    • Ample free customer parking is located at the rear of the building.
    • Excellent access to major freeways: I‑394, I‑94, and I‑35.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2808067
    Latitude
    44.9749187

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    FAQs

    What type of property is this?
    Restaurant - Prime Minneapolis Restaurant Space Available
    Where is this restaurant located?
    The property is located at 1242 Hennepin Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Strong co-tenancy with Vip Hair & Nail Salon, Alterations Express, Subway, and New Horizon Academy.; Located within a large mixed-use development including 727 apartment units.; Covered employee parking is available.
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    1242 Hennepin Ave Minneapolis, MN 55403
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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
    1242 Hennepin Ave Minneapolis, MN 55403
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