Available For Sale - Retail , Multifamily

18,703 SF | Show Pricing $

Download Brochure

LISTED BY

Sabine Shea
Christianson & Company, 612-203-5946

AVAILABILITY DETAILS

Size
18,703 SF
Price/SF
Show Pricing $
Listing ID
SA487865
Notes
This is a rare opportunity to own a landmark property situated at the high visibility corner of Lyndale and Lake in Minneapolis.

The property consists of two parcels, one featuring apartments and retail/restaurants 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 other parcel features a large outdoor patio and parking lot (7 spaces) with 5,243 SF.

The property is available for the first time in over 30 years. The property is 95% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens. The property is priced at $3,550,000.

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 pportunity Zone.



Address: 2957 Lyndale Avenue S

Minneapolis, MN 55408

Ø PID: 34-029-24-33-0105

Ø Use: Mixed-use apartment and

retail/restaurant

Ø Building SF: 18,703

Ø Site Size: .13 acres

Ø Zoning: C3A
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