2953 & 2957 Lyndale Avenue S Minneapolis, MN $ 3,950,000
2953 & 2957 Lyndale Avenue S
$ 3,950,000
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2953 & 2957 Lyndale Avenue S

Minneapolis, MN, 55408
$ 3,950,000
Bedrooms-- Baths0.0 Sq 23,946

Monthly Estimate*

$ 24,643

2953 & 2957 Lyndale Avenue S, Minneapolis, MN 55408 - Image 1

Commercial Property for sale in Minneapolis, MN

for $3,950,000. This 23,946 square foot building was built in 1900 on a lot size of 0.13 Acre(s).

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, 2 occupied retail spaces, and 6 occupied, apartment units, and 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 building is 100% 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.

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Commercial Active

Price

$ 3,950,000

Property Type

Commercial

Taxes

$ 66,900

Lot Size

0.13 Acre(s)

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6113840

Features
Interior
Heating System Forced Air
Sewer City Sewer
Water Source City Water
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Exterior
Construction Brick/Stone
Garage 1-15 Spaces Detached
Parking 1-20 Open Parking Spaces
Separate Utilities Electric Meters Heat Hot Water
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Miscellaneous
Commercial Sale Includes Building Sale Includes Land
Documents Leases
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* Excluded Features
List By
Christianson & Company

Broker

lisa@christiansonandco.com

Email

Affordability Calculator

$30,218
Per Month
82%
18%
0%
Monthly Principal & Interest
$24,643
Monthly Property Taxes
$5,575
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
Minneapolis School District
Pricing History
DatePricePrice ChangeDescription
1/14/2022$3,950,000 -3.66% Price Down
10/13/2021$4,100,000 Listed Price

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2953 & 2957 Lyndale Avenue S, Minneapolis, MN, 55408 is a Commercial Property for sale at $3,950,000 with 23,946 sqft and a lot size of 0.13 Acre(s). 2953 & 2957 Lyndale Avenue S has 0.0 baths and was built in 1900. The property's zip code is 55408 which is in Minneapolis, MN