Hennepin County Retail

43 SE Main St Space
Nicollet Island, Minneapolis, MN
# Riverplace | Retail For Lease [![investment-button-sfw](http://www.colliers.com/-/media/files/united%20states/markets/minnesota/landing%20pages/property-brochure-500-sfw.jpg?la=en-us)](http://listingsprod.blob.core.windows.net/ourlistings-usa/c98e481d-3400-4419-aa41-296e298010c0/7f5bbf9e-2e86-4e8d-a831-8838c36e7396)[![investment-button-sfw](http://www.colliers.com/-/media/files/united%20states/markets/minnesota/landing%20pages/aerial-button-sfw.jpg?la=en-us)](http://listingsprod.blob.core.windows.net/ourlistings-usa/c98e481d-3400-4419-aa41-296e298010c0/9e062a9f-25c5-4e4b-b546-94706e245652)[![investment-button-sfw](http://www.colliers.com/-/media/files/united%20states/markets/minnesota/landing%20pages/site-plan-button-save-for-web.jpg?la=en-us)](http://listingsprod.blob.core.windows.net/ourlistings-usa/c98e481d-3400-4419-aa41-296e298010c0/a2729c03-3c35-4050-ab6e-58540ccdcde0) #### Property Information **Availability:**   5,860 sf (Restaurant Space) 2,489 sf **Asking Rents:** $20.00 - $22.00 **Est. CAM & Tax:** $9.25 **Traffic Counts:** E Hennepin Ave: 16,800 vpd Central Ave SE: 17,600 vpd **Area Tenants:** Wilde Roast Cafe, Punch Pizza, Aster Cafe, New Bohemia, Lunds & Byerly's, Tuggs Tavern, Surdyk's, Honey & Pacifier #### Comments: Former restaurant space available on historic Main Street in NE Minneapolis on the Mississippi River. All the FF&E is available. Patio seating available. Located next to Wilde Roast Café, Aster Café, Nicollet Island Inn and Tugg’s Tavern. Great daytime population and excellent foot traffic. \> 1,595 apartment units planned, under construction or completed in the 2 years \> Many tech and co-working tenants located in the immediate area and many more planned for future development
Nic on 5th Space
Downtown West, Minneapolis, MN
# The Nic on 5th #### Starbucks now open!   #### available space Up to 6,985 square feet of contiguous space. Street and skyway level spaces available. #### Traffic Generators **Target Field** | 39,504 Capacity | 81 Home Twins Games **Light Rail** | 19 Stops | 10 Million Rides | Averages 30,500 Rides Per Weekday **Target Center** | Averages 225 Event Days Per Year **Nicollet Mall** | Under renovation to be complete summer 2017 **Cities of Minneapoils & St. Paul** | 30.9 M Visitors In 2014 | Spent $7.4 B **Skyway Connects** | 80 Blocks | 1,000 Businesses | 200,000 Pedestrians Per Day **Hennepin Theatre Trust** | 3 Theatres | 5,729 Seats | 230 Event Days Per Year **Upscale Hotels** | 8 Within Walking Distance | 4,100 Rooms **US Bank Stadium** | 73,000 Capacity #### Area Tenants | Marshalls | Marriott Hotel | Rosa Mexicano | Fogo de Chao | | Brooks Brothers | Marquette Hotel | Loews Hotel | Walgreens | | Macy's | Centerpoint | Target | Excel Energy | | Mayo Clinic Square | Minneapolis Central Library | Oceanaire | Saks Off Fifth | Features - 253-unit 26-story luxury apartment tower - Featuring two floors of Retail space (almost 25,000 square feet) - Convenient access to Interstates 94, 394, 35W and Highway 55 - Built in 2014 - Located on Nicollet Pedestrian Mall - Building is LEED certified - Parking facility with approximately 48 dedicated retail parking stalls - On-site security both electronic and foot patrol - Light Rail access in front of building

Hennepin County

Office Space Market Report

Number of Listings (last 90 days)
1,489
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,750
As of: January 23, 2017

Hennepin County Rates

Most listings are in the $20's per square foot per year. The Hennepin County submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decline in rent.

Hennepin County Listing Supply

In the last 90 days, 1479 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the listings in the Hennepin County are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,740 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this area were built in 1981 and are Class B.

Hennepin County Community

Market Report

Trends and status of the commercial real estate market in Hennepin County.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Hennepin County.
Research