Minneapolis, MN Land Property For Sale

• The overlay district allows this site to be approved for 50 stories

• Premiums and detailed plans about use/project can increase height

even higher

• Ability to connect to Skyway

• Skyway connection available

• Located across 12th St. from the Minneapolis Convention

Center

• Ability to go vertical 50 stories high

• Easy access to I-35W and I-94

• Zoning premiums provide opportunity to build even higher

• Property delivered vacant and ready for development

-2957 Lyndale Avenue South.

Landmark property (Restaurant, Retail, Multi-Family) at the intersection of Lyndale & Lake. 95% occupied | $3,450,000.00

-2953 Lyndale Avenue South.

Commercial Lot | $500,000.00

*For sale combined or separately.

Fantastic Owner-Occupant/Investment Opportunity. This Property May Qualify For New Market Tax Credits.

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 (It’s Greek To Me and Trio), 2 occupied retail spaces (SuiteSpot SalonSpa and The Lasherie), and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a Clear Channel Billboard. The Property is priced at $3,495,000.

The other parcel features a large outdoor patio and parking lot (7 spaces) with 5,243 SF. The Parcel is priced at $500,000. Both Parcel can be sold combined or separately.

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.

The restaurants, apartments, and retail feature very tall ceilings and windows throughout. The restaurants and retail spaces have been completely updated. The property has been well maintained and had a new roof installed in 2019. The property is situated in an Opportunity Zone.

• Excellent access to 94, 35W, 394 and Hwy 55

• Blocks to US Bank Stadium and Target Center

• Skyway access opportunity

• Located 2 blocks away from Metro Light Rail Transit Line

• Minutes from U.S. Bank Stadium, Target Center, and Target Field

Property Highlights:

• Skyway connection opportunity

• Zoned B4-1 (Downtown Business District)

• Zoning code allows: entertainment, residential and public uses which

complete the mixed use character of the area.

• B4 Zoning District allows the highest density office development

within the downtown area

• Excellent development site

• Easy access to light rail and skyway

• Many area amenities within walking distance - including

restaurants, hotels & retail