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3543 E Lake Street Minneapolis, MN $ 1,970,000
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3543 E Lake Street
$ 1,970,000
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3543 E Lake Street

Minneapolis, MN, 55406
$ 1,970,000
Baths0.0 Sq 11,950

Monthly Estimate*

$ 13,761

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Studio

Commercial Property for sale in Minneapolis, MN

for $1,970,000. This 11,950 square foot building was built in 1922 on a lot size of 0.21.

Welcome to an unparalleled opportunity to obtain a well maintained and cared for property nestled in the hip and up and coming Longfellow neighborhood. 3535-3543 E Lake Street and 3002-3010 36th Ave S are three strategically positioned buildings, consisting of six commercial units and five inviting residential apartments, perfectly complemented by a 15-car parking lot. This investment gem also generates additional income through billboard rentals. Seize this chance to elevate your portfolio with a property designed for both stability and growth.

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Commercial Active

Price

$ 1,970,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 38,622

Style

Mixed Use

Lot Size

0.21

Year Built

1922

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6522404
Features
General
Sewer City Sewer - In Street
Heating Boiler
Utilities Heating Separate
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1922
Property SubType Mixed Use
Tax Year 2023
Current Use Residential Retail
Accessibility None
County Hennepin
Property Type Commercial Sale
Contingency None
Possible Use Restaurant Retail Investment
Directions East of Hiawatha Avenue on Lake Street to Address West of the Mississippi River
City Minneapolis
Buyer Agent Compensation 2.50
High School District Minneapolis
Zoning Description Business/Commercial Other
Total Units 11
Street Name Lake
Land Lease Y/N N
Tax Annual Amount 38622
Additional Parcels Y/N N
Days on Market 3
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Parking Lot
Water Source City Water - In Street
Inclusions Building Leases
Lot Size Area 0.21
Building Area Total 11950
Lot Dimensions 91 X 100
Lot Size Units Square Feet
Foundation Area 9215
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Interior
Basement (Y/N) N
Street Suffix Street
Foundation Dimensions 95 X 97
Fuel Natural Gas
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Internal Only
Street Number 1 3543
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* Excluded Features
List By
Coldwell Banker Realty

Broker

JeffNoblezarealestate@gmail.com

Email

Affordability Calculator

$16,980
Per Month
81%
19%
0%
Monthly Principal & Interest
$13,761
Monthly Property Taxes
$3,219
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/19/2024$1,970,000 Listed Price

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3543 E Lake Street, Minneapolis, MN, 55406 is a Commercial Property for sale at $1,970,000 with 11,950 sqft and a lot size of 0.21. 3543 E Lake Street is a studio with 0.0 baths and was built in 1922. The property's zip code is 55406 which is in Minneapolis, MN

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