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INVESTMENT HIGHLIGHTS
- Fully remodeled mixed-use building in 2025
- Open retail layout with lower-level kitchenette and shower
- Flexible CM2 zoning for diverse commercial uses
- Prime East Lake Street location in Longfellow neighborhood
- Dedicated rear parking for staff and customers
EXECUTIVE SUMMARY
Discover a rare opportunity to own a fully remodeled mixed-use property in the heart of Minneapolis’ dynamic Longfellow neighborhood. Positioned along East Lake Street, this asset combines historic charm with modern upgrades, offering exceptional flexibility for retail and office users. Originally constructed in 1920 and completely renovated in 2025, the building delivers a fresh, contemporary aesthetic while preserving its classic character.
The main level features an open retail layout designed to maximize visibility and customer engagement, complemented by a convenient restroom. A partial lower level expands functionality with a kitchenette and an additional restroom equipped with a shower, ideal for office or service-oriented operations. Dedicated parking at the rear ensures ease of access for both staff and patrons—a rare advantage in this bustling corridor.
Strategically located near major transit routes and surrounded by a vibrant mix of local businesses, restaurants, and residential communities, the property benefits from strong foot traffic and excellent connectivity. The CM2 Mixed Use zoning enhances long-term value by supporting a variety of commercial and residential applications, making this an attractive investment for owner-users or developers seeking versatility in a high-demand urban setting.
The main level features an open retail layout designed to maximize visibility and customer engagement, complemented by a convenient restroom. A partial lower level expands functionality with a kitchenette and an additional restroom equipped with a shower, ideal for office or service-oriented operations. Dedicated parking at the rear ensures ease of access for both staff and patrons—a rare advantage in this bustling corridor.
Strategically located near major transit routes and surrounded by a vibrant mix of local businesses, restaurants, and residential communities, the property benefits from strong foot traffic and excellent connectivity. The CM2 Mixed Use zoning enhances long-term value by supporting a variety of commercial and residential applications, making this an attractive investment for owner-users or developers seeking versatility in a high-demand urban setting.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,425 SF
Building Class
C
Year Built/Renovated
1920/2025
Price
$650,000
Price Per SF
$268.04
Tenancy
Single
Building Height
1 Story
Building FAR
0.76
Lot Size
0.07 AC
Zoning
CM2 - Mixed Use Zoning
Frontage
29’ on Lake St
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Two Bettvs Green Cs
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Two Bettvs Green Cs | Services | - | - | - |
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 31-029-23-43-0040 | Improvements Assessment | $254,100 |
| Land Assessment | $57,900 | Total Assessment | $312,000 |
PROPERTY TAXES
Parcel Number
31-029-23-43-0040
Land Assessment
$57,900
Improvements Assessment
$254,100
Total Assessment
$312,000
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4010 E Lake St
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