Listed by Northmarq - Chicago, Northmarq Capital, LLC
$2,385,000
Verizon | Palm Beach Tan
Details
APN 0402824110096
Property Type Retail
Square Footage 6,486
Units 1
Cap Rate 7.33%
NOI $174,799
Occupancy 100%
Tenancy Multi
Brand/Tenant Verizon, Palm Beach TAN
Lease Type Net
Lease Options 2x5 Years, 1x5 Years
Class A
Year Built 2008
Stories 1
Acreage 0.410
Zoning C-2
Investment Type Net Lease
Ground Lease No
Urban Infill Neighborhood Retail Center | 100% Occupied | Rare On-Site Off-Street Parki
Marketing description
Northmarq is pleased to present the opportunity to acquire a fee simple interest in a Class A, two-tenant retail asset located at 1015 W Lake Street in Minneapolis, MN. The 6,486 SF property is 100% leased to Verizon and Palm Beach Tan and is positioned in the heart of Uptown, one of the city’s most desirable urban infill neighborhoods. The Property features strong frontage along West Lake Street (17,000+ VPD), exceptional walkability (98 Walk Score), and immediate access to the CBD, I-35, and Minneapolis’s Chain of Lakes. Surrounded by more than 2,000 new multifamily units and ongoing mixed-use development, the location offers a dense, affluent consumer base and sustained long-term growth.
Investment highlights
- Dense, urban infill location in one of Minneapolis’s most desirable neighborhoods
- Class A, two-tenant retail asset in Uptown with rare off-street parking
- Strong historical occupancy and stabilized performance
- Excellent accessibility for daily commuter traffic
- Surrounded by significant new Class A multifamily and hospitality development
- Proximity to Seven Points (formerly Calhoun Square) redevelopment
- Highly dense, affluent infill demographics
Listing Contacts
Listed by Northmarq - Chicago, Northmarq Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,799.00
$14,566.58/mo
Valuation Metrics
0
DSCR
7.33%
Cap Rate
7.33%
ROI
Map
Zoning
CM3/BFC6 OverlayCommunity Mixed Use Built Form Corridor 6
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View all 143 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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