Property profile

1242 Hennepin Ave Minneapolis, MN 55403

OFF-MARKET
Retail properties & Spaces
13,270 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 13,270 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1242 Hennepin Ave Minneapolis, MN 55403
Minneapolis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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