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    2929 University Ave Minneapolis, MN 55117

    Sponsored
    For Lease
    $22 SF/Yr ($15,429 /Mo)

    Prime Minneapolis storefront, multiple units available.

    Lot size:
    8,416 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located at 2929 University Avenue in Minneapolis, Minnesota, within a vibrant and high-traffic area. The property, built in 2018, offers a total of 8,416 square feet of retail space, with multiple units available for lease. Individual spaces range from a minimum of 1,196 square feet to a maximum contiguous space of 3,824 square feet; two spaces are currently available, totaling 5,422 square feet (one 3,822 sq ft space and one 1,600 sq ft space). The property benefits from its strategic location near the University of Minnesota, providing a large daytime population of students and staff. Its proximity to the light rail transit line ensures excellent accessibility. Furthermore, the property's adjacency to major traffic generators such as TCF Bank Stadium and Surly Brewery contributes to high foot traffic and visibility. The center is anchored by Fresh Thyme Grocery. Ample parking is provided with 30 stalls. The net lease rate is $22.00-$24.00 per square foot, with 2022 CAM and tax expenses of $10 per square foot. This property presents a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving Minneapolis location.

    Property Features for 2929 University Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,416 SF
    Total Rate
    15429.33

    Building Details

    Year Built
    2018

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    3,822 SF
    Rate per SF
    $24
    Space
    Available Space 3
    Size
    1,600 SF
    Rate per SF
    $24

    HighLights

    • Retail storefront for lease in Minneapolis, MN.
    • 8,416 total square feet, divisible spaces from 1,196 to 3,824 square feet.
    • Two spaces available totaling 5,422 square feet; one 3,822 SF, one 1,600 SF.
    • Lease rate: $22.00-$24.00 per square foot, net; CAM & Tax (2022): $10 per square foot.
    • Built in 2018, with 30 parking stalls.
    • Located near the University of Minnesota, Fresh Thyme Grocery, light rail, TCF Bank Stadium, and Surly Brewery.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Link Minneapolis Apartment Building Ward Law Offices ... District Attorney Goudy Craig A Attorney C&h International Travel Agency UAW Organizing Labor Union

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2145021
    Latitude
    44.9711756

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    FAQs

    What type of property is this?
    Individual retail property - Prime Minneapolis storefront, multiple units available.
    Where is this individual retail property located?
    The property is located at 2929 University Ave Minneapolis, MN.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Retail storefront for lease in Minneapolis, MN.; 8,416 total square feet, divisible spaces from 1,196 to 3,824 square feet.; Two spaces available totaling 5,422 square feet; one 3,822 SF, one 1,600 SF.
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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
    2929 University Ave Minneapolis, MN 55117
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