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)
14
As of: April 27, 2017

Nicollet Island Rates

Most listings are in the $0's per square foot per year. The Nicollet Island submarket is going through a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 100% decline in rent.

Nicollet Island Listing Supply

In the last 90 days, 14 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most properties in this region are close to 3 stories. Most buildings in this region 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 occupants of Nicollet Island work from home. Commuting around 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