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Lumen on Lagoon 1201-1211 Lagoon Ave Local commercial 1 217 m² 100 % Loué À vendre Minneapolis, MN 55408 2 243 462 € (1 843,53 €/m²) Taux de capitalisation 9,31 %
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Above market in-place CAP RATE of 9.31%
- CorePower Yoga (since 2007) and SofaClub Cannabis (new 10-year lease) offer excellent credit anchor Tenants for 60% of the GLA
- Contact broker today for additional information and a tour
- Stable asset with value-add upside via rent increases or re-tenanting 57 FIT
- Outstanding Uptown location
Résumé analytique
EXECUTIVE SUMMARY | FULLY OCCUPIED UPTOWN RETAIL INVESTMENT
Grand Real Estate Advisors is proud to present Lumen on Lagoon, a prime street-level retail condominium opportunity in the heart of Uptown Minneapolis. This modern, fully occupied property offers an exceptional blend of stable income and immediate rent upside, located directly beneath four floors of owner-occupied residential units in a dynamic mixed-use development.
INVESTMENT HIGHLIGHTS
Exceptional Cap Rate: Offering a strong 9.3% In-Place Cap Rate based on an NOI of $241,975.80 (2026), providing immediate, stable cash flow.
Strong Anchor Tenancy: Over 60% of the GLA is secured by long-term leases with established national and regional tenants, including CorePower Yoga (through 2032) and SOFACLUB Cannabis (through 2036).
Immediate Value-Add Opportunity: 57 FIT occupies 25% of the GLA and is currently paying below market rates. The lease includes a clause allowing the new Owner to terminate tenancy by providing 90 days written notice, providing the flexibility to immediately re-tenant the space at higher market rates. Alternatively, an owner-user could occupy this portion of the building.
Affluent & Educated Demographics: Situated in a thriving, highly walkable area known for its strong median household income and high concentration of young professionals who support the surrounding eclectic dining, boutique shopping, and service-oriented businesses.
PROPERTY DETAILS
Address: 1211 Lagoon Avenue, Minneapolis, MN 55408
Gross Square Footage: 13,099 SF (Entire first floor; structured as 3 PID's - Condos)
Year Built: 2006 (Modern construction)
This is an unparalleled opportunity to acquire a stable, high-performing retail asset in one of Minneapolis' most energetic and consistently sought-after neighborhoods.
Contact Broker for confidential Offering Memorandum and full Rent Roll details.
Grand Real Estate Advisors is proud to present Lumen on Lagoon, a prime street-level retail condominium opportunity in the heart of Uptown Minneapolis. This modern, fully occupied property offers an exceptional blend of stable income and immediate rent upside, located directly beneath four floors of owner-occupied residential units in a dynamic mixed-use development.
INVESTMENT HIGHLIGHTS
Exceptional Cap Rate: Offering a strong 9.3% In-Place Cap Rate based on an NOI of $241,975.80 (2026), providing immediate, stable cash flow.
Strong Anchor Tenancy: Over 60% of the GLA is secured by long-term leases with established national and regional tenants, including CorePower Yoga (through 2032) and SOFACLUB Cannabis (through 2036).
Immediate Value-Add Opportunity: 57 FIT occupies 25% of the GLA and is currently paying below market rates. The lease includes a clause allowing the new Owner to terminate tenancy by providing 90 days written notice, providing the flexibility to immediately re-tenant the space at higher market rates. Alternatively, an owner-user could occupy this portion of the building.
Affluent & Educated Demographics: Situated in a thriving, highly walkable area known for its strong median household income and high concentration of young professionals who support the surrounding eclectic dining, boutique shopping, and service-oriented businesses.
PROPERTY DETAILS
Address: 1211 Lagoon Avenue, Minneapolis, MN 55408
Gross Square Footage: 13,099 SF (Entire first floor; structured as 3 PID's - Condos)
Year Built: 2006 (Modern construction)
This is an unparalleled opportunity to acquire a stable, high-performing retail asset in one of Minneapolis' most energetic and consistently sought-after neighborhoods.
Contact Broker for confidential Offering Memorandum and full Rent Roll details.
Bilan financier (Réel - 2026) Cliquez ici pour accéder à |
Annuel | Annuel par m² |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à la vacance |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Frais d’exploitation |
-
|
-
|
| Total des frais |
$99,999
|
$9.99
|
| Résultat net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2026) Cliquez ici pour accéder à
| Revenu de location brut | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Autres revenus | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Perte due à la vacance | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Revenu brut effectif | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Taxes | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Frais d’exploitation | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Total des frais | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Résultat net d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
Informations sur l’immeuble
Type de vente
Investissement ou propriétaire occupant
Type de bien
Local commercial
Sous-type de bien
Surface de l’immeuble
1 217 m²
Classe d’immeuble
B
Année de construction
2006
Prix
2 243 462 €
Prix par m²
1 843,53 €
Taux de capitalisation
9,31 %
RNE
208 794 €
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
5 étages
Coefficient d’occupation des sols de l’immeuble
0,75
Surface du lot
0,16 ha
Zone de développement économique [USA]
Oui
Zonage
C3A - Commerce de détail.
Façade
50 m sur Lagoon Ave
Caractéristiques
- Intersection avec signalisation
Principaux occupants Cliquez ici pour accéder à
- Occupant
- Secteur d’activité
- m² Occupés
- Loyer/m²
- Fin du bail
- 57FIT
- Arts, divertissement et loisirs
-
99,999 SF
- -
- -
- Corepower Yoga
- Arts, divertissement et loisirs
-
99,999 SF
- -
- -
- Cozy Cookie
- Hébergement et restauration
-
99,999 SF
- -
- -
- SofaClub
- Enseigne
-
99,999 SF
- -
- -
| Occupant | Secteur d’activité | m² Occupés | Loyer/m² | Fin du bail | ||
| 57FIT | Arts, divertissement et loisirs | 99,999 SF | - | - | ||
| Corepower Yoga | Arts, divertissement et loisirs | 99,999 SF | - | - | ||
| Cozy Cookie | Hébergement et restauration | 99,999 SF | - | - | ||
| SofaClub | Enseigne | 99,999 SF | - | - |
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Principaux commerces à proximité
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 1 245 121 € (2024) | |
| Évaluation du terrain | 193 283 € (2024) | Évaluation totale | 1 438 404 € (2024) |
Taxes foncières
N° de parcelle
Évaluation du terrain
193 283 € (2024)
Évaluation des aménagements
1 245 121 € (2024)
Évaluation totale
1 438 404 € (2024)
1 sur 5
Vidéos
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Photos
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Carte
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Lumen on Lagoon | 1201-1211 Lagoon Ave
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