The Pearl Apartments

5401 Chicago Ave S, Minneapolis, MN 55417

  • For Sale Call Broker for Information
  • Property Type Multi-Family
  • Property Size 56,967 SF
  • Units 48
  • Lot Size 0.38 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2024
  • Date Updated Apr 25, 2024
Named after the lake that takes center stage in this desirable Minneapolis neighborhood, Nokomis balances natural splendor with some of the most original dining and shopping experiences around. Located in the southeastern part of Minneapolis, Lake Nokomis is one of the city's largest lakes and the area is a hub for outdoor activities. It is a popular spot for water activities such as swimming, fishing, canoeing, kayaking, and paddle-boarding. The Lake Nokomis area is surrounded by several parks and trails and walking, running, and biking trails encircle the lake. During winter, the frozen lake provides opportunities for ice fishing, ice skating, and hockey. Located a few blocks north is Minnehaha Parkway and Creek. Minnehaha Creek is known for its scenic beauty and is a popular destination for outdoor enthusiasts enjoying kayaking, canoeing, fishing, bicycling and walking.This mixed-use multifamily building is scheduled to be completed in 2024. Street-level retail space has a 10-year executed lease for a french bistro restaurant already in place. Apartments are designed with walkout balconies, key-less entry systems, mood lighting and high speed WiFi. The complex is pet friendly and includes 16 heated indoor parking spaces, bike storage room and co-working spaces.

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Highlights

  • 48-Unit Market-Rate Mixed Use Building
  • Main-level retail space has a 10-year lease in place for Stonegate Restaurant, a French Bistro
  • Scheduled completion in 2024
  • Building is green certified NGBS
  • Located in an up-and-coming neighborhood
  • The location is close to Diamond Lake, Lake Nokomis, and the Minnehaha Parkway

Contacts

broker

Chris Missling

NAI Legacy

(612) 812-1317

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable

  • Transit Score ®

    44/100 Some Transit

  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • City Minneapolis, MN
  • Neighborhood Hale
  • Zip Code 55417
  • Market Minneapolis St Paul

Points of Interest

  • 46th Street

    2.34 miles

  • 50th Street/Minnehaha Park

    2.61 miles

  • 38th Street

    2.61 miles

  • 42nd St Depot

    2.81 miles

  • Terminal 2 - Humphrey

    2.83 miles

  • Cottage City Stop

    2.92 miles

  • VA Medical Center

    2.94 miles

  • Lakewood Cemetary Stop

    3.00 miles

  • Lake Street/Midtown

    3.22 miles

  • Fort Snelling

    3.24 miles

  • Jim's Chicago Service

    0.04 miles

  • Bobby & Steve's Auto World

    0.91 miles

  • Shell

    1.04 miles

  • Speedway

    1.07 miles

  • Winner on 46th

    1.10 miles

  • BP

    1.28 miles

  • BP

    1.30 miles

  • Speedway

    1.98 miles

  • Speedway

    2.05 miles

  • Arco

    2.06 miles

  • Lake Nokomis Pay Parking

    1.04 miles

  • Wood Lake Nature Center Parking Lot

    2.12 miles

  • Airport Viewing Area

    2.27 miles

  • 46th St Station Waiting Lot

    2.31 miles

  • Cardinal Parking Lot

    2.55 miles

  • 38th St Station Waiting Lot

    2.58 miles

  • Handicapped Parking

    2.85 miles

  • Signature Air Support

    2.93 miles

  • Gold Ramp

    3.01 miles

  • Green Ramp

    3.02 miles

  • Metro Inn Motel

    1.30 miles

  • Aqua City Motel

    1.33 miles

  • Microtel Inn & Suites by Wyndham

    3.01 miles

  • Courtyard

    3.04 miles

  • Quality Inn & Suites

    3.06 miles

  • Comfort Inn

    3.07 miles

  • Residence Inn

    3.10 miles

  • Great Wolf Lodge

    3.10 miles

  • Sheraton Minneapolis Midtown Hotel

    3.11 miles

  • Four Points by Sheraton Minneapolis Airport

    3.15 miles

  • Hot Plate

    0.53 miles

  • Creekside Supperclub

    0.73 miles

  • Wise Acre Eatery

    0.76 miles

  • Fat Lorenzo's

    0.76 miles

  • Pizza Hut

    0.77 miles

  • R.A.MacSammy's Elbow Room

    0.77 miles

  • Pizza Biga

    0.79 miles

  • Bagu Sushi & Thai

    0.80 miles

  • 5-8 Club

    0.86 miles

  • Sandcastle

    1.04 miles

  • Hale School

    0.27 miles

  • Justice Page Middle School

    0.99 miles

  • Field Community School

    1.03 miles

  • Windom School

    1.04 miles

  • Watershed High School

    1.13 miles

  • Washburn High School

    1.13 miles

  • Hiawatha Leadership Academy Northrop

    1.14 miles

  • Southside Family Charter School

    1.20 miles

  • Lake Nokomis Community School - Wenonah Campus

    1.21 miles

  • Annunciation School

    1.22 miles

  • Linkage Childcare Center

    0.92 miles

  • McKnight Early Childhood Family Development Center

    1.54 miles

  • Jardin Spanish Immersion Academy

    1.73 miles

  • Nokomis Child Care Center

    1.79 miles

  • Creative Minds Daycare

    2.03 miles

  • Sunshine Tree Child Development

    2.17 miles

  • Augsburg Park Montesorri School

    2.19 miles

  • Perfect Balance Child Care

    2.24 miles

  • Hooyo Child Care Center

    2.38 miles

  • Tierra Encantada

    2.65 miles

Frequently Asked Questions

What is the total square footage of The Pearl Apartments?

The Pearl Apartments totals 56,967 square feet.

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Contact Listing Broker

broker

Chris Missling

NAI Legacy

(612) 812-1317