Address
3318 E Lake Street, Minneapolis, MN
Price
$ 469,000
Property Attributes
- ID#6362004
- TypeCommercial
- CountyHENNEPIN
- CityMinneapolis
- AreaSouth Minneapolis Add
- NeighborhoodSouth Minneapolis Add
- Zip55406
- StyleApartment,Mixed Use,Low Rise,Office
- Year Built1926
- Taxes$ 12182
- Price$ 469,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4066
- Lot Size7,841 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description
You do not want to miss this great investment and cash flowing opportunity! Nicely located in the Longfellow neighborhood of Minneapolis and close to several local amenities, Easy access to major roadways and public transportation.' This beauty consists of four commercial spaces and one 2 bed/1 bath unit, Many of the units have been rented with long term tenants, 11 Parking spots and on-street parking too,! 1 Loading Docks for each lower space. .....
| Price History | |
|---|---|
| 6/9/2023 | Listed $575,000 |
| 7/18/2023 | 2% - $565,000 |
| 9/27/2023 | 4% - $545,000 |
| 10/17/2023 | 5% - $519,000 |
| 11/16/2023 | 4% - $499,000 |
| 1/4/2024 | 3% - $485,000 |
| 4/8/2024 | 4% - $469,000 |
General Features
| Sewer | City Sewer/Connected |
|---|---|
| Heating | Boiler |
| Cooling | None |
| Utilities | Electric Common,Heating Common,Hot Water Common |
| Roof | Age Over 8 Years,Rubber |
| Appliances | Gas Water Heater,Range,Refrigerator |
| Construction Materials | Block,Stucco |
| Year Built | 1926 |
| Tenant Pays | Cable TV,Electricity |
| Levels | Two |
| Property SubType | Apartment,Mixed Use,Low Rise,Office |
| Tax Year | 2023 |
| Current Use | Commercial,Manufacturing,Office,Other,Professional Service,Residential,Warehouse |
| Gross Income | 55140 |
| OwnerPays | Electricity,Fuel,Insurance,Grounds Care,Repairs,Snow Removal,Taxes,Trash Collection,Water |
| Accessibility | None |
| County | Hennepin |
| Property Type | Commercial Sale |
| Association Amenities | Other |
| Contingency | None |
| Subdivision Name | South Minneapolis Add |
| Directions | Heading northeast on MN-55 / Hiawatha Ave toward E 33rd St,Take the ramp on the right for E Lake St/ County -3 and head toward E Lake St,Turn right onto E Lake St/ County Hwy-3,Arrive at 3318 E Lake |
| City | Minneapolis |
| Buyer Agent Compensation | 2.00 |
| High School District | Minneapolis |
| Zoning Description | Business/Commercial |
| Total Units | 5 |
| Street Name | Lake |
| Land Lease Y/N | No |
| Tax Annual Amount | 12182 |
| Additional Parcels Y/N | No |
| Days on Market | 329 |
| Standard Status | Active |
| Lender Owned | No |
| Buyer Agent Compensation Type | % |
| PostalCity | Minneapolis |
Interior Features
| Basement | Block,Concrete |
|---|---|
| Basement (Y/N) | Yes |
| Street Suffix | Street |
| Fuel | Electric,Natural Gas |
Exterior Features
| Parking Features | Asphalt,Guest Parking,On-Street Parking Only,Other,Paved |
|---|---|
| Lot Features | Public Transit (w/in 6 blks) |
| Water Source | City Water/Connected |
| Inclusions | Building,Fixture/Equipment |
| Lot Size Area | 0.18 |
| Building Area Total | 4066 |
| Lot Dimensions | 92.32x86 |
| Lot Size Units | Acres |
| Foundation Area | 2320 |
| Road Frontage Type | City Street,Curbs,Paved Streets,Sidewalks,Street Lights,Storm Sewer |
| Road Responsibility | Public Maintained Road |
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 55406
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 20, 2024 2:41 AM UTC
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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
