2801 Hennepin Ave | Minneapolis, MN 55408
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- LoopNet Team
2801 Hennepin Ave
Minneapolis, MN 55408
Potbelly, Salon Concepts & UPS | Minneapolis · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupied 9,271 SF Potbelly, Salon Concepts & UPS 3-Tenant Retail Building in Uptown District of Minneapolis
- Long-Term NNN Lease with Salon Concepts (53.7% of GLA) thru June 2030 – Occupies Entire Second Floor
- New 10-Year NNN Lease with UPS Store (23.73% of GLA) thru January 2031 – Premises Delivered to Tenant in April 2021
- Hyper-Dense Affluent & Urban Mixed-Use Area with 37,000 Residents within 1-Mi and Average Household Income of $98- $101K within 1-, 3- & 5-Mi Radii
- Salon Concepts has been In-Place Since 2014 and Recently Extended for 5 Years; Huge 19.4% Rent Increase ($17,400 per year) in June 2025
- Offering Includes Rare Off-Street Parking – 19 Spaces with 2 Points of Egress; Additional Metered Spaces Available Along Both Cross Streets
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
9,271 SF
Building Class
C
Year Built/Renovated
1970/2015
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.24 AC
Zoning
B2
Parking
13 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
90’ on Hennepin Ave
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 33-029-24-43-0033 | Improvements Assessment | $2,076,600 |
| Land Assessment | $783,400 | Total Assessment | $2,860,000 |
PROPERTY TAXES
Parcel Number
33-029-24-43-0033
Land Assessment
$783,400
Improvements Assessment
$2,076,600
Total Assessment
$2,860,000
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