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4701-4751 Hiawatha Ave - Parkway Plaza
37,426 SF Retail Building Offered at $6,275,000 in Minneapolis, MN
- INFILL LOCATION WITH GROWING DENSITY
- BELOW REPLACEMENT COST INVESTMENT
- NEW CUB FOODS SHADOW ANCHOR
- ACCESS CHANGING FOR THE BETTER
1,300+ units delivered along the Hiawatha Blue Line LRT since 2003. Land supply is restricted and housing density is growing in infill locations in Minneapolis.
BELOW REPLACEMENT COST INVESTMENT
With construction pricing rising, Parkway Plaza offers a low basis to investors providing sustainable rent levels for local operating tenants.
NEW CUB FOODS SHADOW ANCHOR
Grocery continues to be the driver for most retail traffic and is the most targeted retail investments class. Parkway Plaza will benefit greatly from the new Cub Foods.
ACCESS CHANGING FOR THE BETTER
With the reconstruction of Snelling at E 46th Street, customers will have easier access into the property and will provide new road improvements at the intersection.
|Sale Type||Investment||Year Built||1989|
|Property Type||Retail||Parking Ratio||4.01/1,000 SF|
|Building Class||B||No. Drive In / Grade-Level Doors||1|
|Lot Size||2.37 AC||Zoning Description||C3A|
|Gross Leasable Area||37,426 SF||APN / Parcel ID||18-028-23-12-0081|
Major Tenant Information
|Tenant||SF Occupied||Lease End Date|
|Pet Supplies PLUS||7,380|
|South Minneapolis Walk-In Clinic LLC||5,000|
|Dreamers Vault Games Minneapolis||4,000|
|Rise N Shine Childcare Center||500|
- Bus Line
- Pylon Sign
|Collection Street||Cross Street||Traffic Vol||Year||Distance|
|Minnehaha Ave||Nawadaha Blvd, SE||8,055||2018||0.09 mi|
|Nawadaha Blvd||Minnehaha Ave, NE||1,536||2018||0.10 mi|
|Hiawatha Ave||E 46th St, NW||20,990||2018||0.10 mi|
|E Minnehaha Pkwy||38th Ave S, W||10,035||2018||0.10 mi|
|E Minnehaha Pky||10,195||2012||0.10 mi|
46th Street Station
|7 min walk||0.3 mi|
50th Street/Minnehaha Park Station
|11 min walk||0.6 mi|
Target Field Station Commuter Rail (Northstar Corridor)
|13 min drive||5.9 mi|
Minneapolis–Saint Paul International Airport
|12 min drive||5.8 mi|
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