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

    1125 Lagoon Ave Minneapolis, MN 55408

    • Retail properties
    • 170,000 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cheba Hut Toasted Subs / Caterer / Bar
    • The Asher / Apartment Complex / Apartment Building

    Property Details for 1125 Lagoon Ave

    Year built
    2020
    Property size
    170,000 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    The Asher offers exceptional retail space within a vibrant Uptown Minneapolis location. This Class A, seven-story building, constructed in 2020, boasts 170,000 square feet and is situated directly beneath 175 brand new apartments, ensuring a built-in customer base. Currently, one retail space is available, ranging from 1,500 to 3,164 square feet, offering flexibility for various businesses. The space is delivered in shell condition, allowing for complete customization to suit individual tenant needs and branding. This prime location provides unparalleled access to a thriving community, with proximity to Lake Calhoun, Bde Maka Ska, and major transportation arteries like Interstates 94 and 35W. Street parking is available for customers and employees. The property is located in Hennepin County, and the cross street is Dupont Ave S. This presents a unique opportunity for businesses seeking a high-visibility location within a rapidly growing area, with a competitive lease rate designed to attract businesses quickly. The building's modern design and convenient amenities create an ideal environment for both businesses and their customers. This is a rare chance to establish a presence in a sought-after Uptown Minneapolis location.

    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
    -93.2943
    Latitude
    44.9487

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      614 Lake St

      Office Properties & Spaces • 1,200 SF
      614 Lake St, Minneapolis, MN 55408
      View Details
    • Value Estimation
      $245,000
      2.54 Acres

      1425 28th Stg9

      RESIDENTIAL PARKING GARAGE • 2.54 Acres
      1425 28th Stg9, Minneapolis, MN 55408-1984
      View Details
    • Value Estimation
      $250,000
      2.54 Acres

      1425 28th Stg56

      RESIDENTIAL PARKING GARAGE • 2.54 Acres
      1425 28th Stg56, Minneapolis, MN 55408-1984
      View Details
    • Value Estimation
      $245,000
      2.54 Acres

      1425 28th Stg15

      RESIDENTIAL PARKING GARAGE • 2.54 Acres
      1425 28th Stg15, Minneapolis, MN 55408-1984
      View Details
    • Value Estimation
      $245,000
      2.54 Acres

      1425 28th Stg42

      RESIDENTIAL PARKING GARAGE • 2.54 Acres
      1425 28th Stg42, Minneapolis, MN 55408-1984
      View Details
    • Value Estimation
      $250,000
      2.54 Acres

      1425 28th Stg64

      RESIDENTIAL PARKING GARAGE • 2.54 Acres
      1425 28th Stg64, Minneapolis, MN 55408-1984
      View Details

    Similar Nearby for Sale

    • $1,500,000
      3,550 SF

      Prime Minneapolis Restaurant Opportunity

      Established Restaurant, 3,550 SF, $1.5M
      2933 Lyndale Ave, Minneapolis, MN 55408
      View Details
    • $1,300,000
      5,182 SF

      Lake Street Restaurant Opportunity

      Two-level restaurant with full build-out on vibrant Lake Street.
      501 E Lake St, Minneapolis, MN 55408
      View Details
    • $1,550,000
      10,026 SF

      Hennepin Avenue Assemblage Opportunity

      Two contiguous properties on Hennepin Avenue, mixed-use and office/retail.
      3517-3525 Hennepin Ave, Minneapolis, MN 55408
      View Details
    • $6,495,000
      33,591 SF

      Lyndale Avenue Retail Investment Opportunity

      Retail portfolio with established tenants in Lowry Hills neighborhood.
      2600-2614 Lyndale Ave S, Minneapolis, MN 55408
      View Details
    • $2,100,000
      16,937 SF

      Iconic Minneapolis Building For Sale

      Historic building in Uptown Minneapolis with versatile commercial spaces.
      1402 W Lake St, Minneapolis, MN 55408
      View Details
    • $650,000
      2,425 SF

      Remodeled Retail Space in Minneapolis

      Mixed-use building in Longfellow neighborhood, remodeled in 2025.
      4010 E Lake St, Minneapolis, MN 55408
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,650 SF

      Eat Street Restaurant Shell Space

      Restaurant shell space for lease on vibrant Eat Street.
      2718 Nicollet Ave, Minneapolis, MN 55408
      View Details
    • Contact for pricing
      1,909 SF

      Uptown Restaurant Space Available

      Second generation restaurant space in Uptown Plaza for rent.
      2737-2741 Hennepin Ave, Minneapolis, MN 55408
      View Details
    • Contact for pricing
      36,817 SF

      Uptown Minneapolis Office/Retail Center

      Prime Uptown location, ample parking.
      1221 Lake St, Minneapolis, MN 55408
      View Details
    • Contact for pricing
      2,513 SF

      Uptown Minneapolis Mixed-Use Building

      Class A office and restaurant space in trendy Uptown neighborhood.
      1350 Lagoon Ave, Minneapolis, MN 55408
      View Details
    • $36 SF/Yr
      4,025 SF

      Kenwood Restaurant Space Available

      High-profile restaurant space in a vibrant Minneapolis neighborhood.
      2700 Hennepin Ave, Minneapolis, MN 55408
      View Details
    • $18 SF/Yr
      170,000 SF

      Uptown Minneapolis Retail Space

      Prime Retail, 1,500-3,164 sq ft
      1125 Lagoon Ave, Minneapolis, MN 55408
      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.
    1125 Lagoon Ave
    Minneapolis, MN 55408
    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.