4252 Nicollet Ave Minneapolis, MN 55409
- Retail properties
- 1,100 SF
Current Use by Public Records
- Retail properties
Property Details for 4252 Nicollet Ave
- Year built
- 1907
- Property size
- 1,100 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 1,100 square foot retail storefront, located at 4252 Nicollet Avenue in Minneapolis, MN 55409, presents a unique opportunity. Situated in the vibrant Kingfield neighborhood at the highly visible 42nd and Nicollet intersection, this property boasts a brand-new exterior, including a striking brick facade and storefront, completed in 2023. The space, available for lease for the first time since the 1960s, benefits from a recently renovated (2023) TPO roof. The property includes a 1,100 square foot finished main level and an additional 1,100 square feet of unfinished basement space, offering significant potential for expansion or storage. This is the last available suite in a building with strong neighboring tenants, including a diverse mix of restaurants, cafes, offices, and other retail businesses. The property is zoned CM3. A tenant improvement allowance may be available, or the landlord may be willing to contribute to improvements such as a new restroom, HVAC, and electrical upgrades. The lease is a NNN lease with a reduced base rent of $25 per square foot annually, charged only on the main level (basement is free), resulting in a base rent of $2,291 per month. Operating expenses and CAM charges total $653 per month ($134 for insurance and $519 for property taxes). The total gross monthly rent is $2,944, plus tenant-paid utilities. One parking space is available on-site. The building was constructed in 1907 and features one story. The property's APN is 1002824310250.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2782
- Latitude
- 44.9252
