Available For Lease
• 780 sf
• 555 sf (former coffee shop/drive-thru windows)
• Lease Rate: Negotiable
Highlights and Features:
• In the heart of the business district
• Local and regional trade area
• Just 2 blocks off I-35 and Forest Lake exit
• High traffic counts
• Great visibility
• 2 access points: West Broadway Avenue and First Avenue NE
• Area tenants include Home Depot, Chipotle, Walmart Supercenter, Tires Plus, Northern Tool, Perkins, Running Aces Casino, Hotel and Racetrack, and more
Demographics and Traffic Counts:
• Average Household Population: 1 mile - 3,223, 3 miles - 12,795, and 5 miles - 21,300
• Average Household Income: 1 mile - $55,528, 3 miles - $77,808, and 5 miles - $78,262
I-35 - 67,590 vpd, and W Broadway Ave - 24,665 vpd
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.
