1242 Hennepin Ave, Minneapolis, MN 55403
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.