This is a rare opportunity to own a landmark property situated at the high visibility corner of Lyndale and Lake in Minneapolis’ popular Uptown neighborhood. The property consists of two parcels, one featuring a mixed-use apartment and retail/restaurant building encompassing 18,703 SF with 2 occupied restaurants, 2 occupied retail spaces, and 6 occupied, apartment units, and billboard. The other parcel features a large outdoor patio and parking lot (7 spaces) with 5,243 SF. The property is available for the first time in over 30 years. The building is 100% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens.
- Price:
- $3,950,000
- Square Footage:
- 23,946
- Acreage:
- 0.13
- Year Built:
- 1900
- Listing ID #:
- NST6113840
- Street Address:
- 2953 & 2957 Lyndale Ave S
- City:
- Minneapolis
- State:
- Minnesota
- Postal Code:
- 55408
- County:
- Hennepin
- Subdivision:
- Excelsior Add
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
School District: 1
- Construction Type:
- Brick/Stone
- Number Of Units:
- 10
- Total Building Square Footage:
- 23946
- Year Built:
- 1900
- Existing Land Use:
- Professional/Office, Food Service, Restaurant
- Lot Measurement Type:
- Acres
- Zoning Description:
- Business/Commercial, Residential-Multi-Family
- Days On Market:
- 205
- Included In Sale:
- Building, Land, Leases
- Originating Mls:
- Northstar
- Property Taxes:
- $66,118
- Tax Year:
- 2021
- Garage Parking Spaces:
- 7
- Parking Description:
- Detached, Other
- Existing Water:
- City Water - In Street
- Heating:
- Forced Air
- Sewage Type:
- City Sewer - In Street
- Utilities:
- Electric Separate, Heating Separate, Hot Water Separate
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Christianson & Company
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