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    1221 Lake St Minneapolis, MN 55408

    Sponsored
    For Lease
    Contact for pricing

    Prime Uptown location, ample parking.

    Lot size:
    36,817 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, two-story commercial property, Uptown Row, totaling 36,817 square feet, is situated in the vibrant Uptown Minneapolis submarket at 1221 W Lake St, Minneapolis, MN 55408. Built in 2004, the building boasts 14 suites across its 22,216 square foot lot, offering a diverse range of tenancy options. The property features 79 convenient on-site parking spaces, a rare amenity in this high-traffic area. Located on West Lake Street between Emerson and Freemont Avenues (cross street: Freemont Avenue), Uptown Row benefits from exceptional visibility and accessibility, situated on one of Uptown's busiest roadways. Zoned C-2, this versatile property is ideal for a variety of uses, including medical, traditional, and executive office spaces, as well as retail opportunities. The building's tenant mix includes a blend of national, regional, and local businesses, creating a thriving and diverse community. Current tenants include, but are not limited to, T-Mobile, Buffalo Wild Wings, Allina Health Care, Walgreens, Mahalo Nail Salon, Fox Den Salon, and Uptown Chiropractic. This property presents a unique investment opportunity in a highly desirable and sought-after location.

    Property Features for 1221 Lake St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,817 SF
    Class
    A

    Building Details

    Year Built
    2004
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 209
    Size
    4,410 SF
    Space
    Suite 103
    Size
    1,537 SF
    Space
    Suite 107-108
    Size
    2,564 SF
    Space
    Suites 111-112
    Size
    2,864 SF
    Space
    Suite 104
    Size
    1,693 SF

    HighLights

    • Class A, two‑story commercial building totaling 36,817 square feet in Uptown Minneapolis.
    • Located at 1221 W Lake St, Minneapolis, MN 55408, on a 22,216 square foot lot.
    • Built in 2004, featuring 14 suites and 79 on‑site parking spaces.
    • Exceptional visibility and accessibility on a busy Uptown roadway, zoned C‑2.
    • Diverse tenant mix including national, regional, and local businesses such as T‑Mobile, Buffalo Wild Wings, and Allina Health.
    Property Profile Location Intelligence

    Current Use by Public Records

    T-Mobile Cell Phone Store Allina Health Uptown ... Medical Clinic Uptown Chiropractic Chiropractor Hanan Rosenstein, MD Family Practice Physician Dr. Frank S. ... Infectious Disease Physician

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Anoka
    State
    Minnesota
    Longitude
    -93.295431529902
    Latitude
    44.948339226502

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    FAQs

    What type of property is this?
    Restaurant - Prime Uptown location, ample parking.
    Where is this restaurant located?
    The property is located at 1221 Lake St Minneapolis, MN.
    What are key features of this property?
    This property features: Class A, two-story commercial building totaling 36,817 square feet in Uptown Minneapolis.; Located at 1221 W Lake St, Minneapolis, MN 55408, on a 22,216 square foot lot.; Built in 2004, featuring 14 suites and 79 on-site parking spaces.
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    1221 Lake St Minneapolis, MN 55408
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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
    1221 Lake St Minneapolis, MN 55408
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