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Prime Uptown Location for Lease
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1433 W Lake St, Minneapolis, MN 55408

Excellent visibility and accessibility in a dense urban location.

Space Size500 SF - 4,280 SF
Days on Market857

Property Features for 1433 W Lake St

General Information

Standard status Active
Size 500 SF - 4,280 SF
Class B
Property subtype Retail, Office
Lease Type NNN

Building Details

Building Size 3,200 SF
Year Built 1952
Tenancy Multiple

Spaces For Lease

at 1433 W Lake St Contact us

2nd Floor Storage/Office

Size
500 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

First Floor Unit

Size
2,700 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

Retail Space

Size
4,280 SF
Type
Office, Retail
Availability
Active
Contact us
Listing Agency: NAI Gateway Commercial
Listed By: Patrick Corbett · License #40472866
Source: Crexi
Added: Apr 16, 2024 Changed: Aug 19 Last Checked: Aug 18 at 2:18PM

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 NAI Gateway Commercial

Investment Insights

Based on property information with market context.

Located in the Uptown area of Minneapolis, this property offers business owners opportunities for reinvestment and rebuilding in one of the city's business districts. The building provides excellent visibility and accessibility, with flexible leases and terms available. Ample parking opportunities are located near this dense urban location. The property is within walking distance of Bde Maka Ska and Lake of the Isles, offering pedestrian walking trails, dog parks, ice skating rinks, boat docks, and sports courts. Also nearby are Lunds & Byerlys, restaurants, retailers, office tenants, and a growing residential population. Maintenance and security are increasing at neighborhood parks, including the Chain of Lakes, due to additional annual funding from the 20-year Neighborhood Park Plan, which also funds rehabilitation and major projects to restore neighborhood parks and address racial and economic equity.

Key Highlights

  • Excellent visibility and accessibility in the Uptown area.
  • Walking distance to the Chain of Lakes (Bde Maka Ska and Lake of the Isles) with numerous recreational amenities.
  • Flexible lease terms offered.

Property Analytics

Current Use

AT&T Store Telecommunications Service Ragstock Clothing & Fashion Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office Auto Parts Store Auto Repair Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$32.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,926
Businesses Nearby
132k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 41% Dining 34% Shops & Services 18% Beauty & Spa 3%
Cub Foods Groceries
30,982 visits/mo 0.2 miles
Lunds & Byerlys Groceries
23,584 visits/mo 0.1 miles
McDonald's Dining
16,650 visits/mo 0.0 miles
Speedway Shops & Services
14,134 visits/mo 0.4 miles
Chipotle Mexican Grill Dining
10,300 visits/mo 0.4 miles

Demographics for 55408, MN

33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value

Market

Lease Benchmarks for Minneapolis, MN

$16.25 /SF/Yr
Avg Asking Price
$11–$24 /SF/Yr
Price Range
8,519 SF
Avg Space Size

This space is priced 1229% above the average of $16.25 /SF/Yr.

Vacancy Rate% for Retail in Minneapolis, MN

5.8% 2019
6.4% 2020
5.7% 2021
4.9% 2022
4.2% 2023
3.7% 2024
4.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Excellent visibility and accessibility in a dense urban location.
Where is this retail space located?
The property is located at 1433 W Lake St Minneapolis, MN.
What is the lease rate?
The lease rate is $216 SF/Yr.
What are key features of this property?
This property features: Excellent visibility and accessibility in the Uptown area.; Walking distance to the Chain of Lakes (Bde Maka Ska and Lake of the Isles) with numerous recreational amenities.; Flexible lease terms offered.
(952) 797-9999 Call to check price and availability
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