For Sale: Minneapolis MLS# 6805720
Active
$1,200,000
Commercial: 1 Story
Built 1928
0.51 acres
Minneapolis schools
MLS# 6805720
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Property Description
Excellent owner user or investment opportunity along Lake Street. Site could be redeveloped for multi-family / mixed use or repurposed for retail, daycare or other business uses. Over half acre and 2/3 of a block on Lake Street. Property has been the home for a well established auto parts store for 25 years. Building is over 7, 500 square feet above ground with ceiling heights from 18 to 30 feet. Another 4, 000 square feet in basement with 10 ft ceilings that offer great storage, inventory or work space. Back addition has more storage, separate heat and overhead door to secured/fenced parking area. Off street parking lot included with space for estimated 25 cars. Solid building with tons of potential for new opportunities. Current tenant NNN lease through February 2026
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,200,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1928
State:
MN
Property Style:
1 Story
Zip Code:
55406
Neighborhood/Area:
Longfellow
Subdivision Name:
Eustis & Stonemans Add
Exterior
Stories:
One
Garage Spaces:
0
Other Parking Spaces:
35
Foundation Size:
6,924 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Paved
Exterior Material:
- Block
- Stucco
Lot & Land
Acres:
0.51
Geolocation:
44.948085, -93.223458
Inclusions:
Building, Land, Leases
Lot Dimensions:
208 x 106
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
612-668-0000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$29,121
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$31,891
Units
Total Units:
1
Miscellaneous
Current Use:
Retail
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Gold Group Realty, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.