Address
2953 & 2957 Lyndale Avenue S Minneapolis, MN
Price
$ 4,100,000
Property Attributes
  • ID#6113840
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaExcelsior Add
  • NeighborhoodExcelsior Add
  • Zip55408
  • StyleMixed Use
  • Year Built1900
  • Taxes$ 66415
  • Price$ 4,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage23946
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Christianson & Company
Data Source:
Northstar MLS (NSTAR) - 133 - MN
Property Description

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 History
10/13/2021 Listed $4,100,000

General Features

Accessibility Other
Additional Parcels Description 3402924330107
Additional Parcels Y/N Yes
City Minneapolis
Construction Materials Brick/Stone
Contingency None
County Hennepin
Current Use Restaurant, Professional/Office, Food Service
Days on Market 4
Directions Merge onto I-35W, Exit onto Stevens Ave Merge onto Stevens Ave 482 ft Turn right onto E Lake St 0.6 mi Turn right 108 ft Turn left 56 ft, located at Intersection of Lyndale & Lake.
Garage Spaces 7
Heating Forced Air
High School District Minneapolis
Lender Owned No
Property SubType Mixed Use
Property Type Commercial Sale
Sewer City Sewer - In Street
Standard Status Active
Street Name Lyndale
Subdivision Name Excelsior Add
Tax Annual Amount 66415
Tax Year 2021
Total Units 10
Utilities Heating Separate, Electric Separate, Hot Water Separate
Year Built 1900
Zoning Description Residential-Multi-Family, Business/Commercial

Interior Features

Foundation Dimensions 6234
Fuel Natural Gas
Street Suffix Avenue
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, One Room, Two Room, Three Room, Four Room, Five Room, Six Room, Seven Room

Exterior Features

Foundationarea 6234
Inclusions Building, Land, Leases
Lot Dimensions .12
Lot Size Area 0.13
Lot Size Units Acres
Parking Features Detached, Other
Water Source City Water - In Street
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55408

Price
AVG $1.43M
$4.1M
Taxes
AVG $23,653
$66,415
Visits
AVG 39
29
Year Built
AVG 1916
1900
Walkscore
AVG 89
96
Data Provided by Walkscore ® not using MLS data

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