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5462 Nicollet Ave 6,218 SF Retail Building Minneapolis, MN 55419 $1,400,000 ($225.15/SF)
Investment Highlights
- Located in an established trade area
- Open floorplate
- Off-street parking
Executive Summary
Transwestern is pleased to present the opportunity to acquire a 6,218 square foot storefront commercial property located at 5462 Nicollet Avenue South in Minneapolis, Minnesota. The subject is well-located in the Windom neighborhood near the signalized intersection of Nicollet Avenue and Diamond Lake Road, just blocks from Interstate 35W. The property benefits from great visibility and frontage along Nicollet Avenue, off-street parking, proximity to other street retail in a walkable neighborhood, and an open layout ideal for a variety of commercial and retail uses.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
6,218 SF
Building Class
C
Year Built
1947
Price
$1,400,000
Price Per SF
$225.15
Tenancy
Single
Building Height
1 Story
Building FAR
0.53
Lot Size
0.27 AC
Zoning
CM2
Parking
8 Spaces (1.29 Spaces per 1,000 SF Leased)
Frontage
67’ on Nicollet Ave
Amenities
- Bus Line
- Signage
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-028-24-21-0188 | Improvements Assessment | $536,400 |
| Land Assessment | $309,600 | Total Assessment | $846,000 |
Property Taxes
Parcel Number
22-028-24-21-0188
Land Assessment
$309,600
Improvements Assessment
$536,400
Total Assessment
$846,000
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5462 Nicollet Ave
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