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Icehouse Plaza 2548-2550 Nicollet Ave

4,797 SF of Retail Space Available in Minneapolis, MN 55404

Highlights

  • Historic detail and modern amenities
  • Located along Minneapolis claimed "Eat Street"
  • Off street parking
  • Neighborhood charm with local tenants
  • Central plaza and greenspace
  • Thoughtful redevelopment of both commercial and residential uses

Space Availability (1)

Display Rent as

  • Space
  • Size
  • Term
  • Rent
  • Service Type
  • 1st Floor, Ste 2550
  • 4,797 SF
  • Negotiable
  • £22.09 /SF/PA £1.84 /SF/MO £237.80 /m²/PA £19.82 /m²/MO £105,975 /PA £8,831 /MO
  • Triple Net
Space Use
Retail
Condition
Full Build-Out
Availability
Now

Charming, established second generation bar and restaurant located on a prime corner in Minneapolis’s vibrant Eat Street neighborhood.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as a Restaurant or Café Space
  • Central Air and Heating
  • Private Restrooms
  • Secure Storage
  • Second generation with bar, seating and kitchen
  • Private dining area with separate entrance
  • Two dedicated restrooms
  • Basement level prep/storage
  • Prime corner visibility and signage
  • Natural light streaming with two walls of windows
Space Size Term Rent Service Type
1st Floor, Ste 2550 4,797 SF Negotiable £22.09 /SF/PA £1.84 /SF/MO £237.80 /m²/PA £19.82 /m²/MO £105,975 /PA £8,831 /MO Triple Net

1st Floor, Ste 2550

Size
4,797 SF
Term
Negotiable
Rent
£22.09 /SF/PA £1.84 /SF/MO £237.80 /m²/PA £19.82 /m²/MO £105,975 /PA £8,831 /MO
Service Type
Triple Net
Space Use
Retail
Condition
Full Build-Out
Availability
Now

Charming, established second generation bar and restaurant located on a prime corner in Minneapolis’s vibrant Eat Street neighborhood.

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as a Restaurant or Café Space
  • Central Air and Heating
  • Private Restrooms
  • Secure Storage
  • Second generation with bar, seating and kitchen
  • Private dining area with separate entrance
  • Two dedicated restrooms
  • Basement level prep/storage
  • Prime corner visibility and signage
  • Natural light streaming with two walls of windows

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 agent 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 2548-2550 Nicollet Ave , Minneapolis, MN 55404

Property Type Retail
Property Subtype Storefront Retail/Residential
Gross Internal Area 39,739 SF
Year Built 1914
Parking Ratio 0.54/1,000 SF

About the Property

Icehouse Plaza is a thoughtful redevelopment of both commercial and residential uses that create a dynamic urban environment to supports locally owned businesses. The two historic brick properties that make up Icehouse Plaza foster a revitalization of the Whittier neighborhood, with a public plaza and outdoor green space for the community to enjoy, along with a vibrant mix of tenants including Icehouse, Luna & the Bear, Moonwater Gin Bar, Vertical Endeavors, Jasmine Deli, and Kung Fu Tea. Located along Nicollet Avenue at the cross section of W 26th St, the area known as "Eat Street" offers an array of specialty cuisine and locally owned restaurants in either direction, coupled with retail, entertainment, and activities. Wesley Andrews Coffee, Jasmine 26, Pimento Jamaican Kitchen, Quang, and Centro are all steps away, along with many more Eat Street favorites. This vibrant location allows for a variety of transportation options with easy access from all parts of the MSP metro area. Just blocks from I-35 W, Midtown Greenway, the Minneapolis Institute of Art, and plenty of parks, the area is highly connected and walkable. With close proximity to Uptown, Downtown Minneapolis, and South Minneapolis, this prime area is home to top talent and demographics.

  • Bus Route
  • Pylon Sign
  • Signage
  • Signalised Intersection
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bambu
Starbucks
Wells Fargo Home Mortgage
BMO  Harris Bank
ALDI
CrossFit
Anytime Fitness
Gyu-Kaku Japanese BBQ
Dunn Brothers Coffee
Famous Dave's
  • Listing ID: 34060422

  • Date on Market: 03/12/2024

  • Last Updated:

  • Address: 2548-2550 Nicollet Ave, Minneapolis, MN 55404

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