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Executive Summary
Welcome to 3040 Lyndale Ave S and 3045 Aldrich Ave S a **RARE TWO ADDRESS SALE** in the heart of the vibrant Lyn-Lake neighborhood of Minneapolis. (Zoned CM3)
This is more than a property, it’s a strategic corner presence with unmatched flexibility and visibility at Lyndale and 31st. With strong street exposure, abundant on-site parking across both parcels, attached garage stalls, and a dynamic multi-level layout, the possibilities here are truly exceptional.
Envision a flagship cannabis dispensary in one of the city’s most energetic corridors — with ample customer parking, natural separation of retail and operations, and even the potential for a discreet, speakeasy-style entrance/exit along the side of the building leading to a lower-level consumption lounge concept. The existing layout naturally supports creative flow, privacy, and layered experiences that today’s retail operators seek (see attached visual board).
At the same time, this property presents a wonderful opportunity for a boutique-style office headquarters — think design firm, creative agency, wellness collective, or executive suites. The mix of private offices, collaborative areas, and character-rich spaces creates an inspiring environment that blends charm with functionality.
And for those with a bigger vision, the flexibility extends even further. Continue generating income, reposition the space, or take advantage of the rare opportunity to demolish and rebuild entirely — unlocking the full development potential of this prime corner site.
Two addresses. Two parcels. Multiple parking slots. Endless potential.
Opportunities with this level of versatility and presence rarely come to market — secure your footprint in one of Minneapolis’ most desirable neighborhoods.
This is more than a property, it’s a strategic corner presence with unmatched flexibility and visibility at Lyndale and 31st. With strong street exposure, abundant on-site parking across both parcels, attached garage stalls, and a dynamic multi-level layout, the possibilities here are truly exceptional.
Envision a flagship cannabis dispensary in one of the city’s most energetic corridors — with ample customer parking, natural separation of retail and operations, and even the potential for a discreet, speakeasy-style entrance/exit along the side of the building leading to a lower-level consumption lounge concept. The existing layout naturally supports creative flow, privacy, and layered experiences that today’s retail operators seek (see attached visual board).
At the same time, this property presents a wonderful opportunity for a boutique-style office headquarters — think design firm, creative agency, wellness collective, or executive suites. The mix of private offices, collaborative areas, and character-rich spaces creates an inspiring environment that blends charm with functionality.
And for those with a bigger vision, the flexibility extends even further. Continue generating income, reposition the space, or take advantage of the rare opportunity to demolish and rebuild entirely — unlocking the full development potential of this prime corner site.
Two addresses. Two parcels. Multiple parking slots. Endless potential.
Opportunities with this level of versatility and presence rarely come to market — secure your footprint in one of Minneapolis’ most desirable neighborhoods.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
7,600 SF
Building Class
B
Year Built
1930
Price
$1,300,000
Price Per SF
$171.05
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,800 SF
Building FAR
0.55
Lot Size
0.32 AC
Zoning
CM3 & UN3 - Community Mixed Use Zoning District (Building) & Urban Neighborhood 3 Zoning District (Parking Lot)
Parking
18 Spaces (2.37 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Numbers | Improvements Assessment | $363,000 | |
| Land Assessment | $472,400 | Total Assessment | $835,400 |
Property Taxes
Parcel Numbers
Land Assessment
$472,400
Improvements Assessment
$363,000
Total Assessment
$835,400
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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3040 Lyndale Ave S
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