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Mixed-Use Investment (Retail + 2 Apartments) 3701 S Lyndale Ave 4,584 SF 100% Leased Retail Building Minneapolis, MN 55409 $550,000 ($119.98/SF)
Investment Highlights
- Contact Mark Hulsey at mark@resultscommercial.com or 651-755-2068 for more details, questions, tours, or rent roll + expense.
- : Seeking Backup Offers
Executive Summary
- Phase II Environmental Report is Complete. See page 15 of OM for more info. Contact Brokers for details
- Under Contract: Seeking Backup Offers
- Only $83.79 PSF
- Same Owner for 26 Years
- Prime Highly Desirable South Minneapolis Location
- Excellent 1031 Tax Exchange Opportunity
- Stable Tenancy - Retail Tenant Lease Ends 12/31/2030
- CM1 Zoning on Corner of Lyndale Ave S & W 37th St
- Below Market Rents - Significant Upside Potential
- 2 Car Garage + 2 Car Parking Lot for Retail Tenant
- Standalone Corner Mixed-Use - Great Curb Appeal
- Contact Brokers for Rent Roll with Expenses
- DO NOT DISTURB TENANTS. Contact Listing Broker for Details, Questions, or Tours.
- Under Contract: Seeking Backup Offers
- Only $83.79 PSF
- Same Owner for 26 Years
- Prime Highly Desirable South Minneapolis Location
- Excellent 1031 Tax Exchange Opportunity
- Stable Tenancy - Retail Tenant Lease Ends 12/31/2030
- CM1 Zoning on Corner of Lyndale Ave S & W 37th St
- Below Market Rents - Significant Upside Potential
- 2 Car Garage + 2 Car Parking Lot for Retail Tenant
- Standalone Corner Mixed-Use - Great Curb Appeal
- Contact Brokers for Rent Roll with Expenses
- DO NOT DISTURB TENANTS. Contact Listing Broker for Details, Questions, or Tours.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,584 SF
Building Class
C
Year Built
1910
Price
$550,000
Price Per SF
$119.98
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
1.05
Lot Size
0.10 AC
Zoning
CM1 - CM1 Zoning
Frontage
Amenities
- Corner Lot
- Signage
- Storage Space
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-028-24-33-0089 | Improvements Assessment | $499,300 |
| Land Assessment | $130,700 | Total Assessment | $630,000 |
Property Taxes
Parcel Number
03-028-24-33-0089
Land Assessment
$130,700
Improvements Assessment
$499,300
Total Assessment
$630,000
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Mixed-Use Investment (Retail + 2 Apartments) | 3701 S Lyndale Ave
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