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Hi-Lake Center 2100-2218 Lake St E 1,911 - 15,885 SF of Space Available in Minneapolis, MN 55407
HIGHLIGHTS
- New construction (2021), retailers include Aldi, Dollar General, Citi-Trends, Burlington and more. Highly visible from Hiawatha Ave.
- Surrounded by residential developments by Wellington, including Corridor Flats, 22-Twenty and Blue Line Flats
- Within 10 minutes of Downtown Minneapolis (by car and light rail)
- Highly visible from Hiawatha Avenue (42,397 VPD)
- Adjacent to the Blue Line light rail, Lake Street/Midtown stop
- 14-16’ clear heights
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level - 2216D | 10,262 SF | 3-5 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 2210-2212 | 3,712 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste 2218A | 1,911 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
2106-2214 E Lake St - Lower Level - 2216D
Industrial warehouse/storage space
2106-2214 E Lake St - 1st Floor - Ste 2210-2212
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- New Construction. Adjacent to the Blue Line
2216-2218 E Lake St - 1st Floor - Ste 2218A
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
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.
SELECT TENANTS AT HI-LAKE CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- ALDI
- Discount Grocer
- 3,051
- International
- Burlington
- Dept Store
- 1,536
- National
- Citi Trends
- Unisex Apparel
- 697
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| ALDI | Discount Grocer | 3,051 | International |
| Burlington | Dept Store | 1,536 | National |
| Citi Trends | Unisex Apparel | 697 | National |
PROPERTY FACTS
| Total Space Available | 15,885 SF | Frontage | 692’ on Lake St E |
| Center Type | Community Center | Gross Leasable Area | 121,702 SF |
| Parking | 430 Spaces | Total Land Area | 9.32 AC |
| Stores | 9 | Year Built | 1961 |
| Center Properties | 4 |
| Total Space Available | 15,885 SF |
| Center Type | Community Center |
| Parking | 430 Spaces |
| Stores | 9 |
| Center Properties | 4 |
| Frontage | 692’ on Lake St E |
| Gross Leasable Area | 121,702 SF |
| Total Land Area | 9.32 AC |
| Year Built | 1961 |
ABOUT THE PROPERTY
The Hi-Lake Shopping Center has been a part of the Phillips community for more than 50 years. Wellington purchased the eight-acre property in 2004 and immediately began a major repositioning and renovation, which included a new canopy, facade, storefronts, parking lot and landscaping, as well as the addition of two separate buildings in the outlots along Lake Street. The shopping center was again rebuilt in 2020-2021 and welcomed a new Burlington. The property is part of Wellington’s larger portfolio of work along the Lake & Hiawatha corridors. This roughly 25-acre area includes 424 transit-oriented residential units with shoppers looking to meet their daily needs close to home. Retailers enjoy significant foot traffic from these residents and light rail riders, as well as due to the property’s high visibility on busy Hiawatha Avenue.
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Hi-Lake Center | 2100-2218 Lake St E
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