University 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

University

Office Space Market Report

Number of Listings (last 90 days)
39
As of: April 23, 2017

University Rates

On average, listings lease in the $0's per square foot per year. The University region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 100% decline in rent.

University Listing Supply

In the last 90 days, 39 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most buildings in this market are around 2 floors. Most buildings in this area 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 market. Commute by bike is the most popular way to get to work amongst University occupants. 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