1829 Riverside Ave, Minneapolis, MN 55454
RETAIL For SaleYear Built: 1905
Floors: 3
| Space | Size | Type | Pricing |
|---|---|---|---|
| City Center Retail | SALE | Contact for pricing |
Mike Mitchell - Mitchell Realty LLC
PHONE: 6122965483
PHONE: 6122965483
This multifaceted mixed-use building at 1829 Riverside Avenue in the heart of the Minneapolis Cedar-Riverside Neighborhood. The subject totals 5,400 square feet, with a 3,600sf second-generation, fully built-out restaurant space on the first and lower level and an office tenant on the 2nd floor. Currently, a month-to-month placeholder tenant occupies the 3,600-square-foot restaurant space, paying below-market rent. This presents substantial upside for a new owner/operator or restaurant tenant to occupy at an above-market rate via immediate leasing momentum. The second-generation restaurant space is fully equipped with a commercial-grade kitchen, including a 10-foot hood, exhaust, and make-up air system while the lower level has a walk-in cooler, freezers, prep kitchen, and storage. The entire building has been renovated, with newer rooftop HVAC units, operable windows, ADA-compliant restrooms, and a highly visible glass storefront. Additional income from the second-floor tenant, an acupuncturist, has been in place since 2020 and will continue through next year, as will the rooftop billboards. The property is located at a signalized intersection adjacent to the University of Minnesota and down the road from Augsburg University & the U of M Hospital campus. Riverside Avenue is a highly traveled commercial corridor and a high-density area with significant pedestrian and vehicular traffic. More than 10,700 vehicles pass by daily, and the busy interchange of Interstates 94 and 35W is just on the other side. The Cedar-Riverside node is well-established, with permanent ties to the city core and serving as an international and cultural haven. The subject’s 3-mile trade area generates over $3 billion in annual consumer spending, driven by an average household income of $85,600. 1829 Riverside Avenue presents a cash-cow opportunity, ready to be repurposed into its highest potential. Property is currently on auction on 10x and the auction ends April 14th 2026. Go to 10X site to register and get all needed information.