Entertainment

Beloved Hubert's Building Near U.S. Bank Stadium Now Available for Lease

Time:2010-12-5 17:23:32  Author:Trending Topics   Source:Exploration  Views:  Comments:0
Summary:**Beloved Hubert's Building Near U.S. Bank Stadium Now Available for Lease***Introduction* A histor

**Beloved Hubert's Building Near U.S. Bank Stadium Now Available for Lease**

*Introduction*
A historic brick façade that has housed Hubert’s beloved diner for decades is hitting the market. Located just a block west of U.S. Bank Stadium in downtown Minneapolis, the three‑story structure is now being offered for lease, sparking interest from restaurateurs, retailers, and creative‑office seekers alike. The property’s proximity to the stadium’s steady flow of fans and the surrounding North Loop neighborhood makes it a rare find in a tight commercial‑real‑estate climate.

*Key Developments*
The building, originally erected in 1923, underwent a meticulous renovation in 2018 that preserved its original terracotta detailing while updating HVAC, electrical, and accessibility systems. Current owners, a local investment group, have decided to list the space after Hubert’s announced plans to relocate its kitchen operations to a larger venue nearby. The listing highlights 12,000 square feet of leasable area divided into a ground‑floor retail unit, a mezzanine suitable for office or studio use, and a lower level that could accommodate a brewery or event space. Preliminary inquiries have already come from a boutique coffee roaster looking to expand its footprint and a tech startup seeking a creative hub with character.

*Industry Analysis*
Minneapolis’ North Loop continues to outperform the broader metro market in terms of rental growth, driven by a blend of residential conversions, entertainment venues, and a steady influx of young professionals. According to the latest CBRE report, average asking rents for retail space in the district have risen 6.2% year‑over‑year, while vacancy remains under 4%. Hubert’s building benefits from two key advantages: its walkability to the stadium’s 65,000‑seat capacity and its status as a locally recognized landmark, which can translate into stronger foot traffic and brand credibility. Analysts note that properties with historic appeal often command a premium—typically 8‑12% above comparable non‑historic spaces—because they offer a differentiated experience that chains struggle to replicate.

*Future Outlook*
If leased at the anticipated rate of $28 per square
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