Available For Sale - Retail , Multifamily

5,243 SF | Show Pricing $

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LISTED BY

Sabine Shea
Christianson & Company, 612-203-5946

AVAILABILITY DETAILS

Size
5,243 SF
Price/SF
Show Pricing $
Listing ID
SA487866
Notes
Address 2953 Lyndale Avenue South | Minneapolis, MN 55408

Property Type Commercial Lot (Patio and Parking)

Land Area 0.12 Acres/5,243 SF

Zoning C3A

Year Constructed 1914

PID Number 34-029-24-33-0107

Number Of Buildings 1

Number Of Floors 1

Parking Stalls 7



IFantastic Owner-Occupant/Investment Opportunity

INVESTMENT SUMMARY

This is a rare opportunity to own a landmark property

situated at the high visibility corner of Lyndale and Lake

in Minneapolis’ popular Uptown neighborhood.

The property consists of two parcels, one featuring a

mixed-use apartment and retail/restaurant building

encompassing 18,703 SF with 2 occupied restaurants

(PKMS and Trio), 1 occupied retail space (The Lasherie),

and 6 occupied apartment units (1, 2 and 3-bedroom

apartments) as well as a Clear Channel Billboard. The

property is priced at $3,495,000.

The other parcel features a large outdoor patio and

parking lot (7 spaces) with 5,243 SF. The parcel is priced

at $500,000. The property is available for the first time

in over 30 years. The building is 95% occupied featuring a

beautiful brick exterior, patio, 2 full-service restaurants

along with 2 full commercial kitchens.

The restaurants, apartments, and retail feature very tall

ceilings and windows throughout. The restaurants and

retail spaces have been completely updated. The property

has been well maintained and had a new roof installed in

2019. The property is situated in an Opportunity Zone
Uses
Retail
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Sabine Shea, Christianson & Company