For Lease
$24/SF/YR

2929 University Ave Minneapolis, MN 55117

Prime Minneapolis storefront, multiple units available.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional retail opportunity is located at 2929 University Avenue in Minneapolis, Minnesota, within a vibrant and high-traffic area. The property, built in 2018, offers a total of 8,416 square feet of retail space, with multiple units available for lease. Individual spaces range from a minimum of 1,196 square feet to a maximum contiguous space of 3,824 square feet; two spaces are currently available, totaling 5,422 square feet (one 3,822 sq ft space and one 1,600 sq ft space). The property benefits from its strategic location near the University of Minnesota, providing a large daytime population of students and staff. Its proximity to the light rail transit line ensures excellent accessibility. Furthermore, the property's adjacency to major traffic generators such as TCF Bank Stadium and Surly Brewery contributes to high foot traffic and visibility. The center is anchored by Fresh Thyme Grocery. Ample parking is provided with 30 stalls. The net lease rate is $22.00-$24.00 per square foot, with 2022 CAM and tax expenses of $10 per square foot. This property presents a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving Minneapolis location.

Highlights

  • Retail storefront for lease in Minneapolis, MN.
  • 8,416 total square feet, divisible spaces from 1,196 to 3,824 square feet.
  • Two spaces available totaling 5,422 square feet; one 3,822 SF, one 1,600 SF.
  • Lease rate: $22.00-$24.00 per square foot, net; CAM & Tax (2022): $10 per square foot.
  • Built in 2018, with 30 parking stalls.
  • Located near the University of Minnesota, Fresh Thyme Grocery, light rail, TCF Bank Stadium, and Surly Brewery.

Property Details for 2929 University Ave

Property type
Retail properties, Retail space
RSF (Rentable sq. ft)
8,416 SF
Year Built
2018

Unit(s) available at that property

Space
Available Space 1
Size
3,822 SF
Rate per SF
$24
Space
Available Space 3
Size
1,600 SF
Rate per SF
$24

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.9711756
Longitude
-93.2145021

FAQs

What type of property is this?
Retail property - Prime Minneapolis storefront, multiple units available.
Where is the retail property located?
The property is located at 2929 University Ave Minneapolis, MN.
What is the lease rate?
The lease rate is $24/SF/YR.
What are key features of this property?
This property features: Retail storefront for lease in Minneapolis, MN.; 8,416 total square feet, divisible spaces from 1,196 to 3,824 square feet.; Two spaces available totaling 5,422 square feet; one 3,822 SF, one 1,600 SF.
How can I contact the broker?
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2929 University Ave
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