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2953 & 2957 Lyndale Avenue S Minneapolis, MN $ 3,550,000
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$ 3,550,000 Get more info
2953 & 2957 Lyndale Avenue S
$ 3,550,000
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2953 & 2957 Lyndale Avenue S

Minneapolis, MN, 55408
$ 3,550,000
Baths0.0 Sq 23,946

Monthly Estimate*

$ 24,798

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

Commercial Property for sale in Minneapolis, MN

for $3,550,000. This 23,946 square foot building was built in 1900 on a lot size of 0.13.

Price Reduction - The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants, 1 occupied retail space, and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a 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 property is 95% 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. The property is situated in an Opportunity Zone.

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Commercial Active

Price

$ 3,550,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 72,051

Style

Lot Size

0.13

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6113840
Features
General
Sewer City Sewer - In Street
Heating Forced Air
Utilities Electric Separate Heating Separate Hot Water Separate
Garage Spaces 7
Construction Materials Brick/Stone
Year Built 1900
Tax Year 2024
Current Use Professional/Office Food Service Restaurant
Accessibility Other
Additional Parcels Description 3402924330107
County Hennepin
Property Type Commercial Sale
Contingency None
Subdivision Name Excelsior Add
Directions Merge onto I-35W Exit onto Stevens Ave Merge onto Stevens Ave 482 ft Turn right onto E Lake St 0.6 mi Turn right 108 ft Turn left 56 ft located at Intersection of Lyndale & Lake.
City Minneapolis
Buyer Agent Compensation 2.25
Land Lease Amount 0
High School District Minneapolis
Zoning Description Business/Commercial Residential-Multi-Family
Total Units 10
Street Name Lyndale
Land Lease Y/N N
Tax Annual Amount 72051
Additional Parcels Y/N Y
Days on Market 902
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Detached Other
Water Source City Water - In Street
Inclusions Building Land Leases
Lot Size Area 0.13
Building Area Total 23946
Lot Dimensions .12
Lot Size Units Acres
Foundation Area 6234
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Interior
Basement (Y/N) N
Street Suffix Avenue
Foundation Dimensions 6234
Fuel Natural Gas
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Internal Only
Street Number 1 2953
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* Excluded Features
List By
Christianson & Company

Broker

lisa@christiansonandco.com

Email

Affordability Calculator

$30,802
Per Month
81%
19%
0%
Monthly Principal & Interest
$24,798
Monthly Property Taxes
$6,004
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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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/12/2023$3,550,000 -10.13% Price Down
1/13/2022$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 $3,550,000 with 23,946 sqft and a lot size of 0.13. 2953 & 2957 Lyndale Avenue S is a studio with 0.0 baths and was built in 1900. The property's zip code is 55408 which is in Minneapolis, MN

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