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