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1517 W Lake St 1,069 SF 100% Leased Retail Building Minneapolis, MN 55408 $895,000 ($837.23/SF)
Investment Highlights
- Owner-User Flexibility
- Lower Level Storage
- Top Floor Residential Space
Executive Summary
Mixed-use building with main-level retail and upper-level apartment space
• Prime Uptown Minneapolis location at 1517 W. Lake Street
• Approximately 1,065 square feet of main-level retail space
• Approximately 1,541 total square feet across the second- and third-floor apartment
• Building originally constructed in 1900
• Roof is approximately 2 years old
• Nearly 500,000 residents within 5 miles of the property
• Average household income within the area exceeds $100,000 per year
• Prime Uptown Minneapolis location at 1517 W. Lake Street
• Approximately 1,065 square feet of main-level retail space
• Approximately 1,541 total square feet across the second- and third-floor apartment
• Building originally constructed in 1900
• Roof is approximately 2 years old
• Nearly 500,000 residents within 5 miles of the property
• Average household income within the area exceeds $100,000 per year
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,069 SF
Building Class
C
Year Built
1900
Price
$895,000
Price Per SF
$837.23
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.27
Lot Size
0.09 AC
Zoning
C1 - Typical uses allowed in a C1 district include:
Small retail stores
Convenience stores
Professional and business offices
Personal service businesses
Parking
3 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Calhoun Beach Framing & Art Gallery
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Calhoun Beach Framing & Art Gallery | Retailer | - | - | - |
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-028-24-21-0031 | Improvements Assessment | $453,200 |
| Land Assessment | $357,800 | Total Assessment | $811,000 |
Property Taxes
Parcel Number
04-028-24-21-0031
Land Assessment
$357,800
Improvements Assessment
$453,200
Total Assessment
$811,000
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