501 E Lake St 5,182 SF 100% Leased 4-Star Retail Building Minneapolis, MN 55408 $1,794,910 CAD ($346.37 CAD/SF)

This two-story freestanding restaurant and bar property at 501 East Lake Street in Minneapolis offers a fully built-out commercial kitchen and a prime location in the vibrant East Phillips neighborhood. The property spans 5,182 square feet and is currently configured as a café and bakery, complete with fixtures, furniture, and equipment included in the sale.
Offered at $1,300,000, this property provides an exceptional opportunity for an owner-operator or investor seeking a turnkey food and beverage space.
The building features a main floor dining area with seating for 60, a mezzanine level for additional seating or events, and two glass overhead doors that create an indoor/outdoor dining experience. Large windows provide abundant natural light, while the full commercial kitchen includes hoods, a walk-in cooler/freezer, and stainless steel cook lines.
Located on the signalized corner of 5th Avenue South and East Lake Street, the property benefits from strong visibility and proximity to major thoroughfares including I-35W, I-94, and Highway 55. The surrounding area is known for its cultural diversity, high traffic volumes, and a mix of residential and commercial activity, making this an ideal location for a restaurant, café, or similar concept.