1517 W Lake Street Minneapolis, MN $ 895,000
1517 W Lake Street
$ 895,000
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1517 W Lake Street

Minneapolis, MN, 55408
$ 895,000
Bedrooms-- Baths--

Monthly Estimate*

$ 6,182

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Commercial Property for sale in Minneapolis, MN

for $895,000. This building was built in 1900 on a lot size of 0.09.

Strong investment property just two and a half blocks from beautiful Lake Bde Maka Ska on the edge of the Minneapolis’ vibrant Uptown area. This mixed-use building offers a rare opportunity to combine street-level retail visibility with spacious upper-level residential income. Positioned along West Lake Street, the property benefits from a dense urban trade area, strong nearby household incomes, and proximity to one of Minneapolis most recognizable commercial corridors. This property offers flexibility for an owner-user, investor, or small business operator seeking a recognizable Uptown address with both commercial frontage and residential space above. The combination of retail square footage, upper-level apartment area, historic character, and recent roof improvement creates a versatile opportunity in one of Minneapolis’ established urban neighborhoods. Mixed-use building with main-level retail and upper-level apartment space. • Owner-User Flexibility • Lower Level Storage • Top 2 Floors offer Residential Space • Prime Uptown Minneapolis location at 1517 W. Lake Street • Approximately 1,065 square feet of main-level retail space • Approximately 1,541 total square feet across the second and third-floor apartment • Building originally constructed in 1900 • Roof is approximately 2 years old • Nearly 500,000 residents within 5 miles of the property • Average household income within the area exceeds $100,000 per year

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Commercial Active

Price

$ 895,000

Property Type

Commercial

Taxes

$ 20,716

Style

Lot Size

0.09

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7134821

Features
General
Sewer City Sewer/Connected
Heating Forced Air Zoned
Cooling Central Air Dual
Utilities Electric Separate Heating Separate Hot Water Common
Roof Age 8 Years or Less Asphalt Rubber
Appliances Microwave Range Refrigerator Stainless Steel Appliances
Garage Spaces 0
Year Built 1900
Topography Level
Tax Year 2026
Current Use Commercial Recreational Retail
Accessibility Wheelchair Ramp(s) Soaking Tub
County Hennepin
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Calhoun Park
Possible Use Office Professional Service Retail Diversified Income Lounge/Bar
Directions South side of West Lake Street. Between Irving and Humbolt
City Minneapolis
High School District Minneapolis
Zoning Description Business/Commercial
Number Of Units Total 1
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 20716
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Balcony Ceiling Fan(s) Deck Kitchen Center Island Kitchen Window Natural Woodwork Porch Panoramic View Vaulted Ceiling(s) Washer/Dryer Hookup
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Interior
Basement Block Full
Basement (Y/N) Y
Ceiling Height Varied Heights
Fuel Electric
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Exterior
Fencing Split Rail
Parking Features Asphalt Guest Parking Parking Lot Paved Lot More Parking Onsite for Fee Unassigned
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.09
Lot Dimensions 43x92
Waterfront Y/N N
Foundation Area 1193
Road Frontage Type City Street Curbs Paved Streets Sidewalks
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1517
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* Excluded Features
List By
Re/Max Results

Broker

julie.trones@results.net

Email

Affordability Calculator

$7,908
Per Month
78%
22%
0%
Monthly Principal & Interest
$6,182
Monthly Property Taxes
$1,726
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
9/5/2026$895,000 Listed Price

Map


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1517 W Lake Street, Minneapolis, MN, 55408 is a Commercial Property for sale at $895,000 with a lot size of 0.09. 1517 W Lake Street was built in 1900. The property's zip code is 55408 which is in Minneapolis, MN