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5450 Nicollet Ave 5450-5460 Nicollet Ave 8,391 SF 100% Leased Retail Building Minneapolis, MN 55419 $1,800,000 ($214.52/SF)
Executive Summary
We are pleased to present the Diamond Lake Road and Nicollet Ave Land Proposal, a development-focused land opportunity positioned within an established Minneapolis corridor. The offering provides investors and developers with the ability to evaluate multiple development scenarios across strategically located parcels near Diamond Lake Road W and Nicollet Avenue.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
8,391 SF
Building Class
C
Year Built
1925
Price
$1,800,000
Price Per SF
$214.52
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.32 AC
Zoning
C1
Frontage
118’ on Nicollet Ave
Amenities
- Bus Line
- Signage
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-028-24-21-0086 | Improvements Assessment | $1,005,000 |
| Land Assessment | $335,000 | Total Assessment | $1,340,000 |
Property Taxes
Parcel Number
22-028-24-21-0086
Land Assessment
$335,000
Improvements Assessment
$1,005,000
Total Assessment
$1,340,000
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