Restaurant Space For Lease | 1,053 SF

4644 E Lake St Minneapolis, MN 55406

4644 E Lake St, Minneapolis, MN, 55406
4644 E Lake St, Minneapolis, MN, 55406
Property Type:
Please Call Broker for Price

Cap Rate:
Last Verified:
Apr 25, 2024

Restaurant Space For Lease | 1,053 SF Highlights and Features: • Just steps away from West River Parkway • Off street parking • Common area restrooms • Light rail line - 5 minutes away • Located in the Longfellow/Cooper neighborhood • Nearby parks include Meeker, Island Dog Park, Central Mississippi Riverfront Park and Desnoyer Park • Close to Minnehaha Academy and University of St. Thomas • Easy access to Downtown Minneapolis and St. Paul • Walk/Transit/Bike Score: 54/44/88 • Co-tenants: Longfellow Grill, Corazon, and Loons Coffee Demographics and Traffic Counts: • Average Household Population: 1 mile - 7,636, 3 miles - 101,833 and 5 miles - 299,563 • Average Household Income: 1 mile - $79,867, 3 miles - $65,971 and 5 miles - $62,334 • Lake Street E: 13,100 vpd and 46th Avenue S: 2,150 vpd Space Available: • Suite 4644: 1,053 sf • 2024 CAM/Tax: $11.32 psf • Lease Rate: $29.00 psf Net

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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.