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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
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 2550 | 4,797 SF | Negotiable | £22.04 /SF/PA £1.84 /SF/MO £237.29 /m²/PA £19.77 /m²/MO £105,750 /PA £8,812 /MO | Triple Net |
1st Floor, Ste 2550
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 | Year Built | 1914 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 0.54/1,000 SF |
| Gross Internal Area | 39,739 SF |
| 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
Nearby Major Retailers
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Aaron Meyers -
Element Commercial Real Estate
Presented by
Icehouse Plaza | 2548-2550 Nicollet Ave
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