The Pearl Apartments

For Sale

5401 Chicago Ave S, Minneapolis, MN 55417

This Minneapolis property for sale is located at 5401 Chicago Ave S. The current listed sale price for The Pearl Apartments is Call Broker for Information. The Pearl Apartments is situated on a lot that is 0.38 acre in size.

Contacts

broker

Chris Missling

NAI Legacy

(612) 812-1317

Property Details

  • Property Type Multi-Family
  • Property Size 56,967 SF
  • Units 48
  • Lot Size 0.38 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2024
  • Date Updated May 2, 2024
Named after the lake that takes center stage in this desirable Minneapolis neighborhood, Nokomis balances natural splendor with some of the most original dining and shopping experiences around. Located in the southeastern part of Minneapolis, Lake Nokomis is one of the city's largest lakes and the area is a hub for outdoor activities. It is a popular spot for water activities such as swimming, fishing, canoeing, kayaking, and paddle-boarding. The Lake Nokomis area is surrounded by several parks and trails and walking, running, and biking trails encircle the lake. During winter, the frozen lake provides opportunities for ice fishing, ice skating, and hockey. Located a few blocks north is Minnehaha Parkway and Creek. Minnehaha Creek is known for its scenic beauty and is a popular destination for outdoor enthusiasts enjoying kayaking, canoeing, fishing, bicycling and walking.This mixed-use multifamily building is scheduled to be completed in 2024. Street-level retail space has a 10-year executed lease for a french bistro restaurant already in place. Apartments are designed with walkout balconies, key-less entry systems, mood lighting and high speed WiFi. The complex is pet friendly and includes 16 heated indoor parking spaces, bike storage room and co-working spaces.

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Highlights

  • 48-Unit Market-Rate Mixed Use Building
  • Main-level retail space has a 10-year lease in place for Stonegate Restaurant, a French Bistro
  • Scheduled completion in 2024
  • Building is green certified NGBS
  • Located in an up-and-coming neighborhood
  • The location is close to Diamond Lake, Lake Nokomis, and the Minnehaha Parkway

Getting around

  • 77/100

    Walk Score ®

  • 44/100

    Transit Score ®

  • 83/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Minneapolis, MN
  • Neighborhood Hale
  • Zip Code 55417
  • Market Minneapolis St Paul

Points of Interest

  • 46th Street

    2.34 miles

  • 50th Street/Minnehaha Park

    2.61 miles

  • 38th Street

    2.61 miles

  • 42nd St Depot

    2.81 miles

  • Terminal 2 - Humphrey

    2.83 miles

  • Cottage City Stop

    2.92 miles

  • VA Medical Center

    2.94 miles

  • Lakewood Cemetary Stop

    3.00 miles

  • Lake Street/Midtown

    3.22 miles

  • Fort Snelling

    3.24 miles

  • Jim's Chicago Service

    0.04 miles

  • Bobby & Steve's Auto World

    0.91 miles

  • Shell

    1.04 miles

  • Speedway

    1.07 miles

  • Winner on 46th

    1.10 miles

  • BP

    1.28 miles

  • BP

    1.30 miles

  • Speedway

    1.98 miles

  • Speedway

    2.05 miles

  • Arco

    2.06 miles

  • Lake Nokomis Pay Parking

    1.04 miles

  • Wood Lake Nature Center Parking Lot

    2.12 miles

  • Airport Viewing Area

    2.27 miles

  • 46th St Station Waiting Lot

    2.31 miles

  • Cardinal Parking Lot

    2.55 miles

  • 38th St Station Waiting Lot

    2.58 miles

  • Handicapped Parking

    2.85 miles

  • Signature Air Support

    2.93 miles

  • Gold Ramp

    3.01 miles

  • Green Ramp

    3.02 miles

  • Metro Inn Motel

    1.30 miles

  • Aqua City Motel

    1.33 miles

  • Microtel Inn & Suites by Wyndham

    3.01 miles

  • Courtyard

    3.04 miles

  • Quality Inn & Suites

    3.06 miles

  • Comfort Inn

    3.07 miles

  • Residence Inn

    3.10 miles

  • Great Wolf Lodge

    3.10 miles

  • Sheraton Minneapolis Midtown Hotel

    3.11 miles

  • Four Points by Sheraton Minneapolis Airport

    3.15 miles

  • Kowalski's

    0.27 miles

  • Cub Foods

    0.99 miles

  • Lunds & Byerlys

    1.13 miles

  • Kowalski's Market

    1.26 miles

  • Target

    1.50 miles

  • Lakewinds Food Co-op

    1.82 miles

  • Oxendale's Market

    2.00 miles

  • Seward Community Co-op Friendship Store

    2.06 miles

  • Cub Foods

    2.47 miles

  • Lunds & Byerlys

    2.56 miles

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.

Contact Listing Broker

broker

Chris Missling

NAI Legacy

(612) 812-1317