Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1931 Lyndale Ave Minneapolis, MN 55403

    • Retail properties
    • 11,000 SF
    • 0.17 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1931 Lyndale Ave

    Lot size
    0.17 lot acres
    Property size
    11,000 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional 11,000 square foot property, situated on a 0.17-acre lot in Hennepin County, presents a unique redevelopment opportunity. Formerly home to Rudolph's, this iconic corner location at the intersection of Lyndale and Franklin boasts tremendous visibility and strong brand recognition, ensuring high foot traffic and excellent exposure for any new business. The single-tenant space offers flexibility for a variety of uses, including restaurant, bar, medical, or retail establishments. While the building currently has existing restaurant infrastructure, the new ownership plans for a complete renovation, providing a blank canvas for a modern and functional space. The 5,685 to 11,000 square foot footprint offers ample room for customization, allowing for the creation of a truly unique and successful venture. This prime location, combined with the planned renovation and the flexibility of use, makes this property an exceptional investment opportunity with significant potential for growth and return. The property's prominent corner location ensures maximum visibility and accessibility, making it an ideal choice for businesses seeking a high-impact presence in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2878
    Latitude
    44.9629

    Comparable in this City

    • Value Estimation by Request
      13,270 SF

      1242 Hennepin Ave

      Restaurants • 13,270 SF
      1242 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • Value Estimation by Request

      1725 Nicollet Ave

      Restaurants
      1725 Nicollet Ave, Minneapolis, MN 55403
      View Details
    • Value Estimation by Request
      13,758 SF

      1100–1154 Hennepin Ave

      Retail properties • 13,758 SF
      0 1100–1154 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • Value Estimation by Request
      1.21 Acres

      228 12Th St

      Land • 1.21 Acres
      228 12Th St, Minneapolis, MN 55403
      View Details
    • Value Estimation by Request
      778 SF

      950 Nicollet Mall

      Medical offices • 778 SF
      950 Nicollet Mall, Minneapolis, MN 55403
      View Details
    • Value Estimation
      $250,000
      2.08 Acres

      48 Groveland Terc23

      RESIDENTIAL PARKING GARAGE • 2.08 Acres
      48 Groveland Terc23, Minneapolis, MN 55403-1144
      View Details

    Similar Nearby for Sale

    • $3,850,000
      26,758 SF

      Prime Minneapolis Mixed-Use Building

      Boutique Property, High ROI Potential
      1934 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • $5,150,000
      1.21 Acres

      Downtown Minneapolis Retail Redevelopment

      Prime 1.21-acre retail site, vacant, 80 parking spaces.
      228 12Th St, Minneapolis, MN 55403
      View Details
    • $850,000
      5,424 SF

      Retail Space on Hennepin Avenue

      Retail property for sale in Minneapolis, Minnesota.
      930 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • $250,000
      1,500 SF

      Renovated Retail Space on Nicollet

      Retail or office space on the renovated Nicollet Mall.
      1200 Nicollet Mall, Minneapolis, MN 55403
      View Details
    • $3,600,000
      26,947 SF

      Prime Retail Location in Uptown

      Vibrant retail property in Minneapolis' bustling Uptown neighborhood.
      2907-2911 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • $4,671,810

      Minneapolis CBD Development Opportunity

      Large infill development site in Minneapolis CBD with flexible zoning.
      41 10Th St N, Minneapolis, MN 55403
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      2,261 SF

      Downtown Minneapolis Office and Retail

      Office and retail spaces in the heart of Loring Park.
      1619-1647 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • Contact for pricing
      11,866 SF

      Uptown Retail/Restaurant Opportunity

      Retail/Restaurant space for lease or sale in lively Uptown neighborhood.
      2210 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • $19 SF/Yr
      13,270 SF

      Hennepin Ave Retail Space For Lease

      Prime Minneapolis Restaurant Space Available
      1242 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • $12 SF/Yr
      11,000 SF

      Iconic Lyndale & Franklin Corner

      High-visibility retail/restaurant space. New ownership, ready for redevelopment.
      1931 Lyndale Ave, Minneapolis, MN 55403
      View Details
    • Contact for pricing
      7,262 SF

      Retail Space on Hennepin Avenue

      Retail property available for lease in Minneapolis.
      3040 Hennepin Ave, Minneapolis, MN 55403
      View Details
    • Contact for pricing
      13,758 SF

      Hennepin Ave Retail Space, Minneapolis

      Prime Minneapolis retail space, 13,758 sq ft.
      0 1100–1154 Hennepin Ave, Minneapolis, MN 55403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1931 Lyndale Ave
    Minneapolis, MN 55403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.