Street Level and Skyway Retail/Restaurant Space For Lease

550 S 4th St South 4th Street Minneapolis, MN 55415

550 S 4th St South 4th Street , Minneapolis, MN, 55415
550 S 4th St South 4th Street , Minneapolis, MN, 55415
FOR LEASE
Property Type:
Mixed Use
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Mar 01, 2024

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Street Level and Skyway Retail/Restaurant Space For Lease Highlights and Features: • 15-floor luxury mixed-use property • 195 Residential Units • Nearby Light Rail Station • Connected to the Skyway with access to the CBD • Parking Ramp (1,610 Stalls) • Attached to the Radisson Red Hotel and Mill Wright Office Building • Neighboring tenants: US Bank Stadium (home of Minnesota Vikings), The Armory (8,400-person music & events venue), The Commons (4.2-acre public green space) Trader Joe’s, Mill City Museum, Guthrie Theater, The Depot Minneapolis, Bar Zia, Crooked Pint Ale House, Subway, Caribou Coffee, Off the Rails, Sawatdee Thai, OUI Bar & Kitchen, Jimmy John’s, and more Demographics and Traffic Counts: • Average Household Population: 1 mile - 14,968, 3 miles - 155,222, and 5 miles - 319,999 • Average Daytime Population: 1 mile - 67,525, 3 miles - 149,356, and 5 miles - 212,772 • Average Household Income: 1 mile - $59,607, 3 miles - $47,539, and 5 miles - $57,120 • S 4th St - 4,004 vpd, 5th Avenue S - 6,921 vpd, Portland Avenue - 3,994 vpd, and S 33rd St - 7,491 vpd Space Available: • Suite 75-100: 2,030 sf (former coffee shop, ground level, patio and outdoor seating) • Block 68: 5,096 sf (can be demised into multiple spaces, grey shell) • Block 69 Suite 69-210: 2,473 sf (second-gen restaurant space, with hood) • Suite 69-220: 2,757 sf • 2024 CAM/Tax: $13.00 psf • Lease Rate: Negotiable

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Map of 550 S 4th St South 4th Street , Minneapolis, MN, 55415

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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.