Property Description
4561 Minnehaha AvenueMinneapolis, MN 55406
Status: For Lease
Property Type: Retail,Mixed Use
854 SF - 1,791 SF Retail Space Available In New Mixed-Use Development!
MN46 is a boutique, 54-unit mixed-use property located on the corner of 46th Street and Minnehaha Ave. With construction completed at the end of May, the property is already 70% leased within one month of opening. This quick lease-up showcases the property’s locational appeal to residents who want to be close to the many neighborhood amenities within walking distance. The Longfellow/Hiawatha neighborhood is fast growing with the recent addition of 200 residences. MN46 is centrally located with quick access to both downtown Minneapolis, downtown St. Paul, the MSP Airport, and the University of Minnesota. Public transit is also easily accessible by light rail or rapid bus transit at the property doorstep. This active neighborhood prides itself on local parks and trails, including the Minnehaha Regional Parks and the Mississippi River. MN46 is Minimal Modern Living at its finest.
Highlights and Features:
- Zoning: C1
- Building signage
- High vehicle and foot traffic
- Access from Highway 55
- Hard corner with strong visibility
- Estimated Pedestrian Traffic: 330 - 46th St E West of Minnehaha Ave S and 180 - Minnehaha Ave S North of 46th St E
Demographics and Traffic Counts:
- 2019 Average Household Population: 1 mile - 8,363, 3 miles – 83,126 and 5 miles - 237,765
- 2019 Average Household Income: 1 mile - $69,900, 3 miles - $75,431 and 5 miles - $68,421
- Traffic Counts: 13,300 vpd - E 46th Street, 9,200 vpd - Minnehaha Avenue W and 7,800 vpd - Minnehaha Avenue E
Space Available:
- Bay 1: 854 sf
- Bay 2: 937 sf
- Bay 1 and 2 contiguous to 1,791 sf
- 2020 CAM/Tax: $9.34 psf
- Lease Rate: Negotiable
