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3318 E Lake St
Minneapolis, MN 55406
Retail Property For Sale
Investment Highlights
- Easily accessible and versatile property.
Executive Summary
You do not want to miss this great investment and cash flowing opportunity! Nicely located in the Longfellow neighborhood of Minneapolis and close to several local amenities, Easy access to major roadways and public transportation. This beauty consists of four commercial spaces and one 2 bed/1 bath unit, Many of the units have been rented with long term tenants, 11 Parking spots and on-street parking too! 1 Loading Docks for each lower space.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,520 SF
Building Class
C
Year Built/Renovated
1926/2025
Price
$555,431 CAD
Price Per SF
$100.62 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Slab To Slab
10’
Building FAR
0.70
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
C2 - Neighborhood Corridor Commercial District
Parking
14 Spaces (2.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Signalized Intersection
- Storage Space
Property Taxes
| Parcel Number | 31-029-23-33-0120 | Improvements Assessment | $417,011 CAD |
| Land Assessment | $195,316 CAD | Total Assessment | $612,326 CAD |
Property Taxes
Parcel Number
31-029-23-33-0120
Land Assessment
$195,316 CAD
Improvements Assessment
$417,011 CAD
Total Assessment
$612,326 CAD
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