1405 E Lake Street Minneapolis, MN $ 2,900,000
1405 E Lake Street
$ 2,900,000
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1405 E Lake Street

Minneapolis, MN, 55407
$ 2,900,000
Bedrooms-- Baths--

Monthly Estimate*

$ 20,030

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Commercial Property for sale in Minneapolis, MN

for $2,900,000. This building was built in 1981 on a lot size of 0.85.

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.

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Commercial Active

Price

$ 2,900,000

Property Type

Commercial

Taxes

$ 36,591

Style

Lot Size

0.85

Year Built

1981

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7061743

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Common Heating Common Hot Water Common
Roof Flat
Garage Spaces 0
Pool Features None
Year Built 1981
Levels One
Tax Year 2026
Current Use Laundromat Restaurant
Accessibility No Stairs External
County Hennepin
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Williams Add
Directions Hwy 55 S W onto E Lake St
City Minneapolis
High School District Minneapolis
Zoning Description Business/Commercial
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 36591.98
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Parking Lot Paved Lot
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Business Assets Business Fixture/Equipment Inventory Land
Lot Size Area 0.85
Lot Dimensions Irregular
Waterfront Y/N N
Foundation Area 4255
Road Frontage Type City Street Curbs Paved Streets Sidewalks
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Interior
Basement (Y/N) N
Fuel Electric Natural Gas
Garage Square Feet 0
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Internal Only
Street Number 1 1405
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* Excluded Features
List By
Compass

Broker

jado.hark@compass.com

Email

Affordability Calculator

$23,079
Per Month
87%
13%
0%
Monthly Principal & Interest
$20,030
Monthly Property Taxes
$3,049
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/25/2026$2,900,000 -9.38% Price Down
4/28/2026$3,200,000 Listed Price

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1405 E Lake Street, Minneapolis, MN, 55407 is a Commercial Property for sale at $2,900,000 with a lot size of 0.85. 1405 E Lake Street was built in 1981. The property's zip code is 55407 which is in Minneapolis, MN