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1401-1405 E Lake St 4,255 SF Retail Building Minneapolis, MN 55407 $3,200,000 ($752.06/SF)
Investment Highlights
- Positive cash flow
- One of the largest lots on Lake St
- Great location
Executive Summary
Positioned along the vibrant East Lake St corridor, this mixed-use commercial property offers a compelling blend of stability and future potential. Anchored by a high-volume laundromat and an operating restaurant generates strong, diversified income. Set on one of the largerst parcels in the immediate area, the site presents significant upside through expansion or redevelopment. its prominent location benefits from consistent traffic, strong neighborhood demand, and proximity to key Minneapolis destinations. A rare chance to secure a sizable footprint in a high-demand urban corridor
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,255 SF
Building Class
C
Year Built
1981
Price
$3,200,000
Price Per SF
$752.06
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.84 AC
Zoning
C1
Parking
20 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
235’ on Lake St
Amenities
- Bus Line
- Pylon Sign
- Signage
Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-028-24-12-0257 | Improvements Assessment | $212,900 |
| Land Assessment | $627,100 | Total Assessment | $840,000 |
Property Taxes
Parcel Number
02-028-24-12-0257
Land Assessment
$627,100
Improvements Assessment
$212,900
Total Assessment
$840,000
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1401-1405 E Lake St