University Retail

43 SE Main St Listing
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

University

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
9,110
As of: December 4, 2016

University Rates

Compared to the rest of the Minneapolis market, the University submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

University Listing Supply

In the last 90 days, 26 listings have been posted online, which means office spaces most likley are 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 available, so finding a space for a small business might be tough.

Even though the median size is 9,110 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1932 and are Class B.

University Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst University residents. Commuting under 5 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 University.
Market Report

Market Data

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