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1201-1211 Lagoon Ave
Minneapolis, MN 55408
Lumen on Lagoon · Retail Property For Sale
Investment Highlights
- Above market in-place CAP RATE of 9.31%
- CorePower Yoga (since 2007) and SofaClub Cannabis (new 10-year lease) offer excellent credit anchor Tenants for 60% of the GLA
- Contact broker today for additional information and a tour
- Stable asset with value-add upside via rent increases or re-tenanting 57 FIT
- Outstanding Uptown location
Property Facts
Property Type
Retail
Property Subtype
Building Size
13,099 SF
Building Class
B
Year Built
2006
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
0.75
Lot Size
0.40 AC
Zoning
C3A - Retail.
Frontage
165’ on Lagoon Ave
Amenities
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,682,000 | |
| Land Assessment | $261,000 | Total Assessment | $1,943,000 |
Property Taxes
Parcel Numbers
Land Assessment
$261,000
Improvements Assessment
$1,682,000
Total Assessment
$1,943,000
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Matterport 3D Exterior
Matterport 3D Tour
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