1015 Lake St W
Minneapolis, MN 55408
Commerce de détail Propriété À vendre

Newmark Group (“Newmark”) is pleased to present the rare opportunity to acquire the 100% occupied 1015 Lake Street (the “Property”), a two tenant, 6,486 square foot retail center located adjacent to Cub Foods and CVS Pharmacy in Uptown Minneapolis. Verizon Wireless and Palm Beach Tan have been the only occupants since its construction in 2008.
The Property is located on the hard-corner, signalized intersection of West Lake Street and Dupont Avenue South, midway between the dynamic Hennepin/Lake and Lyn/Lake entertainment and retail hubs of Uptown. The Uptown neighborhood is a rich and vibrant commercial district consisting of restaurants, boutique shops, professional services and vibrant entertainment venues. The demographic profile of the area demonstrates the appeal of the neighborhood with more than 240,000 people within three (3) miles and an average household income exceeding $119,000.
Anchored by the Minneapolis Chain of Lakes, Uptown is one of the Twin Cities’ most vibrant and sought-after neighborhoods. Centered at Lake Street and Hennepin Avenue—just minutes from Downtown Minneapolis—it combines urban convenience with lakeside charm, attracting residents who value lifestyle, walkability, and accessibility.
Surrounded by established neighborhoods like Linden Hills, East Bde Maka Ska, Lake of the Isles, and the Wedge, Uptown continues to draw the city’s affluent, educated demographic. The area’s lively mix of restaurants, boutique retail, and recreation around Bde Maka Ska creates a true live-work-play environment.
Multifamily fundamentals remain strong, underscoring ongoing demand for high-quality urban housing. Backed by years of sustained residential and mixed-use development, Uptown continues to evolve as a premier investment submarket—offering both long-term stability and growth potential in one of Minneapolis’ most dynamic urban corridors.
INVESTMENT HIGHLIGHTS:
• Two Tenant – Ease of Management: With just two tenants and reimbursed management fees, ownership and property management is simple and cost neutral.
• Rare & Convenient Off-Street Parking: With 18 parking stalls, the Property offers convenient customer parking. As the City of Minneapolis continues to limit on-street parking options, dedicated retail parking has become a must have for tenants.
• Original Tenancy: Both tenants are original uses at the Property. Originally a Darque Tan location, it was acquired by Palm Beach Tan in 2018. Verizon Wireless corporate store moved from across the street to this location in 2008 and was later replaced by a franchise store in 2024.
• New Capital Investment: The City of Minneapolis recently completed a $36 million Hennepin Avenue reconstruction project that replaced aging sewer lines, added bike lanes and dedicated bus lanes, and new curbing which will enhance access to the Property and the surrounding neighborhood. In addition to the public capital investment, private investment has increased largely in the form of newly constructed or purchased apartments which increases the number of customers benefiting the Property’s tenants.
• Affluent Urban Infill Location Growth:
? Over 3,000 apartment units added within the last 10 years
? Moxy, Uptown’s first and only hotel
? 2026 Groundbreaking of 7-Points, a 228 unit multi-family development
• Attractive Design/Modern Construction – Pride in Ownership: Built in 2008 with sustainable brick and EIFS exterior and massive windows, the Property displays tremendous attention to detail. Attentive, sophisticated and engaged ownership has maintained the excellent curb appeal of the Property.
• Lifestyle Neighborhood: Chain of Lakes | Restaurants Movie Theaters | Moxy Hotel | Lunds & Byerlys | Cub Foods Whole Foods | Uptown Farmer’s Market