Address
2953 & 2957 Lyndale Avenue S, Minneapolis, MN
Price
$ 3,550,000
Property Attributes
- ID#6113840
- TypeCommercial
- CountyHENNEPIN
- CityMinneapolis
- AreaExcelsior Add
- NeighborhoodExcelsior Add
- Zip55408
- Style
- Year Built1900
- Taxes$ 72051
- Price$ 3,550,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage23946
- Lot Size5,663 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description
Price Reduction - The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants, 1 occupied retail space, and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a 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 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.
| Price History | |
|---|---|
| 10/13/2021 | Listed $4,100,000 |
| 1/13/2022 | 4% - $3,950,000 |
| 6/12/2023 | 11% - $3,550,000 |
General Features
| Sewer | City Sewer - In Street |
|---|---|
| Heating | Forced Air |
| Utilities | Electric Separate,Heating Separate,Hot Water Separate |
| Garage Spaces | 7 |
| Construction Materials | Brick/Stone |
| Year Built | 1900 |
| Tax Year | 2024 |
| Current Use | Professional/Office,Food Service,Restaurant |
| Accessibility | Other |
| Additional Parcels Description | 3402924330107 |
| County | Hennepin |
| Property Type | Commercial Sale |
| Contingency | None |
| Subdivision Name | Excelsior Add |
| 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. |
| City | Minneapolis |
| Buyer Agent Compensation | 2.25 |
| High School District | Minneapolis |
| Zoning Description | Business/Commercial,Residential-Multi-Family |
| Total Units | 10 |
| Street Name | Lyndale |
| Land Lease Y/N | No |
| Tax Annual Amount | 72051 |
| Additional Parcels Y/N | Yes |
| Days on Market | 902 |
| Standard Status | Active |
| Lender Owned | No |
| Buyer Agent Compensation Type | % |
| PostalCity | Minneapolis |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Street Suffix | Avenue |
| Foundation Dimensions | 6234 |
| Fuel | Natural Gas |
Exterior Features
| Parking Features | Detached,Other |
|---|---|
| Water Source | City Water - In Street |
| Inclusions | Building,Land,Leases |
| Lot Size Area | 0.13 |
| Building Area Total | 23946 |
| Lot Dimensions | .12 |
| Lot Size Units | Acres |
| Foundation Area | 6234 |
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
Taxes
Visits
Year Built
Walkscore
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 9, 2024 3:14 AM UTC
© 2024 Realtor Association of Southern Minnesota. All rights reserved. The data relating to real estate for sale on this limited electronic display comes in part from the Broker Reciprocity (sm) Program of the Realtor Association of Southern Minnesota Multiple Listing Service. Real estate listings held by brokerage firms other then RE/MAX Advantage Plus are marked with the Broker Reciprocity(sm) logo or the Broker Reciprocity(sm) thumbnail logo (a little black house) and detailed information
West Central Association Of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
