For Sale: Minneapolis MLS# 7061743
Active
NEW!
$3,200,000
Commercial: 1 Story
Built 1981
0.85 acres
Minneapolis schools
MLS# 7061743
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Property Description
Positioned along the vibrant East Lake Street corridor, this mixed-use commercial property offers a compelling blend of stability and future potential. Anchored by a high-volume laundromat and an operating restaurant, the property generates strong, diversified income.
Set on one of the largest parcels in the immediate area, the site presents significant upside through expansion or redevelopment. Its prominent location benefits from consistent traffic, strong neighborhood demand, and proximity to key Minneapolis destinations.
A rare chance to secure a sizable footprint in a high-demand urban corridor.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,200,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1981
State:
MN
Property Style:
1 Story
Zip Code:
55407
Neighborhood/Area:
64
Subdivision Name:
Williams Add
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
4,255 ft2
Handicap Accessible:
No Stairs External
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Paved Lot
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Pool:
None
Roof Details:
Flat
Lot & Land
Acres:
0.85
Geolocation:
44.94797, -93.254681
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
1
District Phone:
6126680000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$36,592
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$36,592
Units
Total Units:
2
Miscellaneous
Current Use:
- Laundromat
- Restaurant
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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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 Compass.
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.