1201 Lagoon Ave

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1201 Lagoon Ave

Minneapolis, MN 55408
Asking Price
$2.60M
Asset Type
Retail
Class
Class B

What's Special

1201 Lagoon Avenue is located in the heart of the Uptown neighborhood in Minneapolis. This high-traffic corner property sits at the intersection of major thoroughfares, offering visibility to both vehicles and pedestrians. The surrounding area is characterized by a dense mix of residential developments, fitness centers, and diverse dining options. It is situated one block from Bde Maka Ska and public green spaces, providing access to recreational visitors. The location is well-served by regional transit routes and features dedicated bike lanes connecting to the Midtown Greenway. The property is suited for versatile commercial applications, including boutique retail, specialized showrooms, or service-oriented storefronts. Its central position within a primary regional shopping district supports tenants looking to capitalize on high foot traffic and a concentrated local population. Ideal occupants include national brands or established local businesses seeking a signature presence in a major urban hub. The layout and prominent street frontage cater to brands requiring window displays and a high-profile entrance to engage with the upwardly mobile demographic common to the Uptown area.

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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