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1201-1211 Lagoon Ave
Minneapolis, MN 55408 Uptown Minneapolis

Price Upon Request

Storefront Retail Residential For Sale  •  13,099 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 13,099 SF
  • Lot Size 0.4 AC
  • Building Class B
  • Year Built 2006
  • Tenancy Multiple
  • Zoning C3A
59 Transit Score
98 Walk Score

Highlights

Newer construction (2006) mixed use building. Developer has been the only owner since construction.
13,099 SF main floor consisting of five retail condos
Anchor Tenant CorePower Yoga provides stable, long term income in over 36% of the GLA (into 2032)
Other Tenants include Cozy Cookie, 57 FIT, and DM Companies (Seller lease-back) Significant upside via re-tenanting and increasing existing rents
Owner user for up to 50% of the GLA with SBA financing is also possible. Contact broker for information.
Priced to sell! A net income of $320,000+ (14%+ CAP) is achievable upon full occupancy. Current NOI is $172,407.

Financial Summary (Actual)

Net Operating Income: $176,008 USD (2025)
Total Expenses: $132,299 USD

Major Tenants

Tenant SF Occupied Lease End Date
57 FIT 3,252 SF 1/31/2026
Corepower Yoga 4,759 SF 1/31/2032
Cozy Cafe & Cookie 1,958 SF 6/30/2027
DM Companies 1,116 SF 2/29/2028

Amenities

  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 10 min - 3.5 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 21 min - 12.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes