Retail Space For Lease At Lafayette Square!

433 E Mendota Road W. St. Paul, MN 55118

433 E Mendota Road, W. St. Paul, MN, 55118
433 E Mendota Road, W. St. Paul, MN, 55118
Property Type:
Strip Center
Please Call Broker for Price

Cap Rate:
Last Verified:
Jan 30, 2024

Retail Space For Lease Lafayette Square Shopping Center is located directly off the Lafayette Freeway (Highway 52) surrounded by professional offices, residential apartments, and single-family homes. This is a great retail location in the Minneapolis/St Paul metro area just north of I-494. Join co-tenants Marathon Gas, Jean’s Soul Food Program, Wiggles & Wags Pet Salon, Foxtail Cuts, Farmers Insurance, Blvd Bar & Grille, Frutilandia, The Village Market and OSI Physical Therapy. Highlights and Features: • Freeway visibility • Minutes from downtown St. Paul • Close to Inver Grove Heights • A great mix of successful businesses • On bus line • Pylon signage available • Parking: 115 spaces • Area Tenants: American Red Cross, Early Learning and Family Resource, Southview Acres Health Care Center, Southview Country Club Demographics and Traffic Counts: • Average Household Population: 1 mile - 12,481, 3 miles - 68,933 and 5 miles - 174,015 • Average Household Income: 1 mile - $72,258, 3 miles - $87,884 and 5 miles - $92,611 • Traffic Counts: E Mendota Road - 16,900 vpd, Oakdale Avenue - 9,300 vpd, and Lafayette Freeway/Hwy 52 - 63,000 vpd Space Available: • Suite 14: 2,200 sf • Suite 16-17: 2,040 sf • Lease Rate: $14.00 psf - $15.00 psf NNN • 2024 CAM: $5.58 psf and Tax: $3.79 psf

Map of 433 E Mendota Road, W. St. Paul, MN, 55118

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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.