True
Space Available For Lease 1
Full Building |
This building is part of a full-block of neighborhood retail spaces, providing tenants with a distinct presence amid complementary retailers. A recent shell refresh brings new carpet and track lighting to the space, creating an open, flexible layout. Two separate entrances along the glass storefront allow for ADA accessibility and prominent visibility
JoAnna HicksElement Commercial Real Estate (612) 436-8201
Kevin KuppeElement Commercial Real Estate (612) 436-8202 |
Contacts
JoAnna Hicks
Element Commercial Real Estate
(612) 436-8201
Kevin Kuppe
Element Commercial Real Estate
(612) 436-8202
Property Details
- Property Type Retail
- Property Size 2,883 SF
- Date Updated Apr 11, 2024
Located on a prominent corner in Northeast Minneapolis, this one-story retail building is bright and sunny with highly visible store front
This building is part of a full-block of neighborhood retail spaces, providing tenants with a distinct presence amid complementary retailers. A recent shell refresh brings new carpet and track lighting to the space, creating an open, flexible layout. Two separate entrances along the glass storefront allow for ADA accessibility and prominent visibility.
Location
This is the premiere block in Northeast Minneapolis with historic store fronts along a very walkable portion of Hennepin Avenue. Join retailers Masu, G2, Discover Strength, Fletchers Ice Cream and Noodles in a bustling neighborhood commercial district that includes Surdyk’s, Bruegger’s, Kramarczyk’s, Whitey’s, and Stray Dog. Northeast has seen an explosion of residential development over the past two years, with over 1,000 new apartments added within three blocks of the site.
Situated at the center of the Northeast Riverfront District, this amazing location is just steps away from an abundance of dining, retail, and entertainment options. Additionally, it is only 2 blocks from the Mississippi River and its surrounding walking & biking paths. This is an incredible opportunity for a company looking to grow and expand in a beautiful and vibrant environment. There is ample street and metered parking available in nearby lots, along with a limited number of parking contracts.
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Getting around
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95/100
Walk Score ®
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67/100
Transit Score ®
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92/100
Bike Score ®
Location
- City Minneapolis, MN
- Neighborhood Nicollet Island - East Bank
- Zip Code 55414
- Market Minneapolis St Paul
Points of Interest
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Government Plaza
0.91 miles
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U.S. Bank Stadium
0.91 miles
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Nicollet Mall
0.94 miles
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Warehouse District/Hennepin Avenue
1.00 miles
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Target Field
1.09 miles
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Target Field - Platform 1
1.10 miles
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Target Field - Platform 2
1.15 miles
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West Bank
1.20 miles
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Cedar-Riverside
1.37 miles
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Royalston
1.40 miles
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Holiday
0.27 miles
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Speedway
0.80 miles
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Bobby and Steve's Auto World
0.99 miles
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ChargePoint
1.11 miles
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Holiday
1.21 miles
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Nelson Auto World
1.34 miles
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EZ Stop
1.34 miles
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Greenlots
1.59 miles
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Holiday
1.63 miles
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Speedway
1.65 miles
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St. Anthony Falls Ramp
0.18 miles
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Mill Ruins Parking
0.62 miles
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Hennepin Avenue Parking Ramp
0.65 miles
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Mill Quarter Parking Ramp
0.70 miles
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Riverfront Municipal Parking Ramp
0.72 miles
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Gateway Municipal Garage
0.72 miles
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Jerry Haaf Memorial Garage
0.80 miles
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Mills Fleet Farm Parking Garage
0.86 miles
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C-97
0.86 miles
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C-44
0.86 miles
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Noodles & Company
0.01 miles
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Bruegger's Bagels
0.02 miles
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Bardo
0.03 miles
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Jimmy John's
0.04 miles
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Chipotle
0.05 miles
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Punch Pizza
0.05 miles
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Masu Sushi & Robata
0.05 miles
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Kramarczuk Deli
0.06 miles
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Red Savoy Pizza
0.07 miles
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Pinku
0.07 miles
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Lunds & Byerlys
0.05 miles
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Whole Foods Market
0.74 miles
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Trader Joe's
0.75 miles
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Gaviidae Common
1.04 miles
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Saks Fifth Avenue
1.05 miles
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Marshalls
1.08 miles
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Union 73
1.08 miles
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City Center
1.08 miles
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Target
1.11 miles
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Macy's
1.16 miles
23 University Ave SE Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
23 University Ave SE is located in Nicollet Island - East Bank, which is home to a total of 7 listing(s). Retail space at 23 University Ave SE asks $29.00/SF/YR per square foot.
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The property includes 2,883 square feet of retail space for lease. Of this total, 2,883 square feet are Retail.
Lease agreement conditions for the availability at this property include NNN.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
Knowing your ideal customer is essential. For your consideration, the average age of residents in Nicollet Island - East Bank is 35. The average household income here is $72,354 per year.
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
