1200 SF Retail/Office Space For Lease

614 W Lake St Minneapolis, MN 55408

614 W Lake St, Minneapolis, MN, 55408
614 W Lake St, Minneapolis, MN, 55408
Property Type:
Mixed Use
Please Call Broker for Price

Cap Rate:
Last Verified:
Apr 03, 2023

1,200 SF Retail/Office Space For Lease Turn-key salon space on the corner of Lake and Lyndale in Uptown. High ceilings, tall windows, and wood floors throughout this historic and charming building on 614 W Lake Street. Corner location with lots of natural light and views from every angle. The salon space is fully furnished including shampoo chairs, salon chairs, dryer chairs, built-in cabinets, and displays. Highlights and Features: Turn-key salon space High visibility location High ceilings, tall windows with lots of natural light and fabulous views 1 Bathroom Ample parking in municipal lot behind building Demographics and Traffic Counts: Average Household Population: 1 mile - 29,889, 3 miles - 152,646, 5 miles - 322,124 Average Household Income: 1 mile - $52,966, 3 miles - $63,045 and 5 miles - $70,544 W Lake Street - 20,500 vpd, and Lyndale Avenue - 26,000 vpd Space Available: 1,200 sf Lease Rate: Negotiable

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Map of 614 W Lake St, Minneapolis, MN, 55408

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.