Nicollet Island 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

Nicollet Island

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,020
As of: February 22, 2017

Nicollet Island Rates

Compared to the rest of the Minneapolis market, the Nicollet Island region has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Nicollet Island Listing Supply

In the last 90 days, 16 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. 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 3,020 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1914 and are Class B.

Nicollet Island Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Most of the folk of Nicollet Island work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Nicollet Island.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Nicollet Island.
Research