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Lumen on Lagoon 1201-1211 Lagoon Ave
1,307 - 2,808 SF of Space Available in Minneapolis, MN 55408
Highlights
- 12,000 VDP on Lagoon
- Super competitive terms available- long term free rent for qualified tenants
- Newer construction building. Shows great!
- Main and Main location- across the street from newly renovated Cub Foods, and adjacent to Core Power Yoga
- Off-street parking available in covered ramp across the street. On-street opportunities as well
- 1,300-2,800 SF available. Contact broker for information today.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1201 | 1,307 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 1203 | 1,501 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor, Ste 1201
1,307 square feet corner unit, situated on Lagoon Ave in Uptown Minneapolis. Exceptional visibility with expansive windows. 12,000 vehicles per day. Contiguous with adjacent bay for 2,808 total SF. Aggressive terms for qualified tenants.
- Fully Built-Out as Standard Retail Space
1st Floor, Ste 1203
1,501 square feet, situated on Lagoon Ave in Uptown Minneapolis. Exceptional visibility with expansive windows. 12,000 vehicles per day. Contiguous with adjacent bay for 2,808 total SF. Aggressive terms for qualified tenants.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1201-1211 Lagoon Ave , Minneapolis, MN 55408
| Property Type | Retail | Gross Leasable Area | 11,800 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 2006 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 11,800 SF |
| Year Built | 2006 |
About the Property
Street level storefront opportunity located in the Lumen Building, a luxury mixed use development featuring street level retail and four floors of residential condominiums. Contact broker for a tour today. •Spaces can be combined for a total of 2,808 SF •2024 Tax/CAM @ $10.10 per SF •Base rent negotiable •Competitive TI packages and LONG- TERM FREE RENT AVAILABLE •Parking available in covered ramp across the street. Ample stalls available/negotiable cost •Dense urban population •Affluent demographics •Minutes away from Minneapolis CBD
- Signalized Intersection
Nearby Major Retailers
Presented by
Lumen on Lagoon | 1201-1211 Lagoon Ave
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