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Listing ID #: 11157 Seeking Restaurant/Retail For Redevelopment Opportunity!

Advertiser Info

 User:  reifree

Member Since: Jul 2015

Page Views

For This Ad:   317

Ad Info

  • Date Posted:
  • January 24, 2018
  • Monthly Rent:
  • $25

    Property Address:

  • Street:
  • 125 Lowry Avenue NE
  • City:
  • Minneapolis
  • State:
  • MN
  • Zip Code:
  • 55418
  • County:
  • Hennepin

    Contact Info:

  • Contact Name:
  • Sabine Shea
  • Phone:
  • (612) 203-5946
Additional Details
  • Brokerage Firm:
  • No. Floors:
  • Christianson & Company Commercial Real Estate Services
  • 1

Property Description

Seeking Restaurant/Retail For Redevelopment Opportunity In Great NE Arts District!

This is a fantastic location in NE Minneapolis on a very busy intersection on Lowry Avenue. There are currently two contiguous buildings that the owners would like to renovate while keeping the existing structure, ideally to accommodate a restaurant user of up to 5,100 SF. The owners would also be willing to lease both buildings separately to a restaurant user or other retail related uses.

Highlights and Features:
Corner of Lowry Avenue and 2nd Street NE
Property is situated on high frequency bus route #11
Several options for outdoor patios/seating available
Excellent visibility and signage opportunity on Lowry Avenue
Oversized parking lot
400 Amps 120/240 3 phase power
General Commercial Zoning: I-2
Close proximity to shops, art galleries, restaurants, tap rooms, farmers market and Co-ops

Demographics and Traffic Counts:
2016 Average Population: 1 mile - 14,948, 3 miles – 169,338 and 5 miles – 405,963
Traffic Counts: 9,100 vpd on Lowry Avenue and 15,100 vpd on University Avenue

Space Available:
Building A: 2,100 sf (building corner with 13' clear span ceilings)
Building B: 3,000 sf (9' clear ceilings)
Building A and B contiguous to 5,100 sf
Lease Rate: $25.00 psf Gross