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Property Information

Urban investment property available on lively Lake Street. Conveniently located on Chicago Ave and Lake Street, just minutes from both downtown and Uptown, and located near I-35W and I-94.


Property Size: 30,381 sq ft
Parking Type: Off-street parking

Total Available Space: 30,381 sq ft
Parking Spaces: NA

Neighborhood: South Minneapolis
Public Transit: Located near major bus lines and the Chicago/Lake Transit Center

Available Spaces

Sq Feet Sq Feet Divisible to Space Type Available Price
30,381 sq ft 30,381 sq ft Residential, Retail NA $1,855,000
Show Description
  • Vibrant and bustling commercial intersection
  • Accessible location
  • Mix of ground level retail and second floor apartments
  • Convenient access to Uptown, Downtown, 35-W, and Lake Street corridor

Location: South Minneapolis

South Minneapolis contains many small neighborhoods, each with distinctive demographics, economy, and character.  From Linden Hills to Kingfield to Powderhorn to  Tangletown,  These neighborhoods offer many different types of opportunities for those who are willing to look. Ackerberg has worked in all of them, and we enjoy applying our aptitude for solving problems to the diverse challenges in each of the neighborhoods of South Minneapolis.

Community Profile

While there are pockets on either end of the spectrum, generally speaking, the households of South Minneapolis are experiencing growth in the median hosehold income.  Many neighborhoods have high proportion of households with children, as well.  These demographics are very attractive to businesses that cater to these market segments. The neighborhoods of South Minneapolis have a high density of single family homes, and multiple central economic hubs that contain many owner-user commercial buildings. These unique business districts, easy transportation access, and proximity to the lakes and other recreation areas them walkable, amenity-rich communities with very active economies.  

Recent Trends

While we do continues to see new opportunities for development and growth inSouth Minneapolis, restrictions will likely continue to constrain development in these areas. This will have the effect of keeping commercial real estate prices on the higher side while also making new opportunities more exclusive and attractive to concepts that can absorb the higher overhead costs.  Still development is occurring, and for those who want to be creative, Ackerberg can be an ideal partner to helping you understand the commercial real estate opportunities that lie in South Minneapolis.

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Get In Touch

If you'd like more information about this property, or to arrange a viewing, please get in touch.

Amenities

  • Lots of car, transit, and pedestrian traffic
  • Adjacent to Midtown Exchange
  • Located near Midtown Global Market, Sheraton Hotel, Allina Healthcare headquarters, and Abbott Northwestern Hospital
  • Dense neighborhood with traffic at all hours of the day and night

A person does not have to be behind bars to be a prisoner. People can be prisoners of their own concepts and ideas. They can be slaves to their own selves.

Maharaji