Lyndale & Lake Owner/Occupant/Investment Property for Sale
2953 Lyndale Ave S, Minneapolis, MN, 55408
Listing Details
- List Price
- $500,000
- List Price Per SF
- $95.65
- List Price Per Acre
- $4,166,667
- List Date
- 3/15/2022
- Possession
- COE
- Signage
- On Building
- Show Instructions
- Call broker
- Listing ID
- 30105766
Lyndale & Lake Owner/Occupant/Investment Property for Sale
Landmark Property at the Intersection of Lyndale Avenue South and Lake Street for Sale | $3,550,000.00
- 2957 Lyndale Avenue South.
- 2953 Lyndale Avenue South.
Commercial Lot | $500,000.00
*For sale combined or separately.
This is a rare opportunity to own a landmark property situated at the high visibility corner of Lyndale and Lake in Minneapolis.
The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants (PKMS and Trio), 1 occupied retail space (The Lasherie),
and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a Clear Channel 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 property is 95% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens. The property is priced at $3,550,000.
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.
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Space Details
- Total Available
- 0.12 Acres
- Primary Use
- Land
- Secondary Uses
- Multi-Family, Retail
- Investment
- Yes
- Real Estate Taxes
- $9,265 in 2024
- Parcels
- 34-029-24-33-0107
Property Highlights
- Type
- Land
- Size
- 0.12 Acres
- Zoning
- C3A
- In Opportunity Zone
- Yes
- Submarket
- MN - West
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