Creative Retail/Office Space For Lease With Potential For Outdoor Patio!

313 W 48th St Minneapolis 55419

313 W 48th St, Minneapolis, 55419
313 W 48th St, Minneapolis, 55419
FOR LEASE
Property Type:
Street Retail
Cap Rate:
0.00%
Last Verified:
Jul 26, 2024

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Creative Retail/Office Space For Lease With Potential For Outdoor Patio! Updated, upbeat, and modern, this space offers a unique opportunity for your business to grow and flourish! You will love the abundance of natural light through the large store-front windows, and the connected feel of the open, main-level, space. Great opportunity for a cafe, deli, coffee shop, jewelry store, yoga studio, office space, and more. Highlights and Features: Patio buildout option on the east side of the building 2 blocks to Washburn High School Close to Fuller Park ADA access and bathroom Co-tenants: Tula Spa, Rosalux Gallery Area tenants: The Foundry Home Goods, Mille Boutique, Sage and Cypress, La Fresca, El Asador Demographics: Average Household Population: 1 mile - 12,569, 3 miles - 106,337 and 5 miles - 286,227 Average Household Income: 1 mile - $105,895, 3 miles - $83,363 and 5 miles - $75,060 Traffic Counts: Lyndale Avenue S - 16,500 vpd. Nicollet Avenue - 10,700 vpd and 35W - 88,082 vpd Space Available: Approx. 1,170 sf on the main level and 500-600 sf of storage space in the basement Gross Lease Rate: $3,289/month (tenant improvement allowance provided)

Map of 313 W 48th St, Minneapolis, 55419

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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.