Office Space For Lease Behind Laurel Village!

1246 Hennepin Ave Hennepin Avenue Minneapolis, MN 55403

1246 Hennepin Ave Hennepin Avenue , Minneapolis, MN, 55403
1246 Hennepin Ave Hennepin Avenue , Minneapolis, MN, 55403 1246 Hennepin Ave Hennepin Avenue , Minneapolis, MN, 55403
FOR LEASE
Property Type:
Single Tenant Office
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Jul 23, 2024

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HIGHLIGHTS AND FEATURES: • Join co-tenants VIP Hair & Nail Salon, Subway, and New Horizon Academy • Part of a mixed-use project with 727 apartment units • Covered contract parking for employees available • Free customer parking available in the front of the building • Easy access to I-394, I-94 and I-35 DEMOGRAPHICS AND TRAFFIC COUNTS: • Average Population: 1 mile - 15,453, 3 miles - 150,107 and 5 miles - 315,996 • Average Household Income: 1 mile - $54,158, 3 miles - $52,828 and 5 miles - $57,432 • Hennepin Avenue - 15,000 vpd, N 12th St - 9,900 vpd, and N 13th St - 9,400 vpd • Walk Score: 96 • Transit Score: 82 • Bike Score: 91 SPACE AVAILABLE: • Suite 1246: 804 sf (includes basement) • 2024 CAM/Tax: $12.94 /sf • Lease Rate: $12.00 psf Net

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Map of 1246 Hennepin Ave Hennepin Avenue , Minneapolis, MN, 55403

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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.