1501 E Lake Street Minneapolis, MN ^$ 2,750,000

1501 E Lake Street

^$ 2,750,000

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1501 E Lake Street

Minneapolis, MN, 55407

^$ 2,750,000

Bedrooms-- Baths-- Sq 18,555

Monthly Estimate*

^$ 18,994

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Commercial Property for sale in Minneapolis, MN

for $2,750,000. This 18,555 square foot building was built in 2002 on a lot size of 0.581382.

6 Parcels including 2 buildings with over 15,000 finished square feet. Large 40+ stall parking lot. Includes 2 restaurant spaces with equipment, upper level event/wedding space, lower level office suite, 2 storefront shop rental spaces, and over 3000 square feet of additional unfinished basement space. Don't miss out, set up a viewing today!

Commercial Active

Price

^$ 2,750,000

Property Type

Commercial

Taxes

^$ 62,676

Style

Lot Size

0.581382

Year Built

2002

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7134755

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Central Air

Utilities Electric Common Heating Common

Roof Flat Rubber Tar/Gravel

Garage Spaces 0

Construction Materials Frame

Year Built 2002

Levels Three Or More

Tax Year 2026

Current Use Professional/Office Commercial Event Space Office Professional Service Restaurant

Accessibility Doors 36 + Lowered Switches/Controls

Additional Parcels Description 0202824120255 0202824120098 0202824120097 0202824120208 0202824120094

County Hennepin

Net Operating Income 1

New Construction N

Property Type Commercial Sale

Association Amenities Fire Sprinkler System

Contingency None

Possible Use Office Other Professional Service Restaurant Retail Income Lounge/Bar

Directions 35W to Lake Street go East Lake Street/Bloomington Avenue

City Minneapolis

High School District Minneapolis

Zoning Description Business/Commercial

Number Of Units Total 5

Lot Size Units Square Feet

Land Lease Y/N N

Tax Annual Amount 62676

Additional Parcels Y/N Y

Standard Status Active

Lender Owned No

Amenities Unit Skylight Tile Floors

Interior

Basement Full

Basement (Y/N) Y

Ceiling Height 11-15

Foundation Dimensions 82X98

Fuel Natural Gas

Exterior

Fencing Chain Link

Parking Features Secured Open

Lot Features Public Transit (w/in 6 blks)

Water Source City Water/Connected

Inclusions Building Business Assets

Lot Size Area 25325

Building Area Total 18555

Lot Dimensions 240X84

Waterfront Y/N N

Foundation Area 7257

Road Frontage Type City Street Curbs Paved Streets Sidewalks Street Lights

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 1501

* Excluded Features

List By

Brix Real Estate

Broker

adam@adamduckwall.com

Affordability Calculator

$24,217

Per Month

Monthly Principal & Interest: $18,994
Monthly Property Taxes: $5,223
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Minneapolis, MN

Average List Price ^$1,095,414

Percent of Sale Price 60%

About Minneapolis, MN

417,625 Population

9% Since 2002

^$56,777 Median Income

35.08 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708364 Elementary School

708967 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/28/2026	$2,750,000		Listed Price

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1501 E Lake Street, Minneapolis, MN, 55407 is a Commercial Property for sale at $2,750,000 with 18,555 sqft and a lot size of 0.581382. 1501 E Lake Street was built in 2002. The property's zip code is 55407 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/16/2026.

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1501 E Lake Street

Commercial Property for sale in Minneapolis, MN

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