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5201 Lakeland Ave N
Minneapolis, MN 55429
5201 & 5205 Lakeland Avenue N · Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

  • Two oversized garage doors (one dedicated to each unit)
  • Functional layout ideal for owner-users
  • One unit includes a 23’ x 38’ mezzanine for additional storage or workspace
  • Approximately 25% office space / 75% industrial space
  • Air Conditioning Unit in one of the bays recently replaced
  • New Roof 2019 | New drive-in doors | New Furnaces in both bays

EXECUTIVE SUMMARY

Property Description: Versatile industrial property offering a total of 5,753 SF, comprised of two units with a functional mix of warehouse and office space. One unit features a 23’ x 38’ mezzanine, providing additional usable square footage for storage or office use. Both units are equipped with oversized drive-in garage doors and separate service doors, allowing for efficient access and flexible operations. The building has seen significant capital improvements, including a new roof (2019), new front entrance door, two new over-head garage door openers, new drive-in doors, new furnaces in both industrial bays, new LED lighting throughout the industrial space, and a recently updated water heater. Additional features include 3-phase power and new air conditioning in one of the bays. Ideal for owner-users seeking a well-maintained, well-designed industrial building with adaptable space for a variety of business uses.
Location Description: Well-located industrial property in the northwest Twin Cities with convenient access to Highway 169, I-94, and I-694. Centrally positioned for easy connectivity to Minneapolis, St. Paul, and surrounding metro areas. Situated in an established industrial corridor with nearby manufacturing, distribution, and service businesses, making it ideal for a variety of industrial uses.

PROPERTY FACTS

Sale Type Owner User
Property Type
Industrial
  • Industrial Warehouse
Building Class C
Lot Size 0.45 AC
Rentable Building Area 5,753 SF
No. Stories 1
Year Built 1963

AMENITIES

  • Mezzanine
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-118-21-21-0009
Land Assessment
$179,119 CAD
Improvements Assessment
$678,986 CAD
Total Assessment
$858,105 CAD
  • Listing ID: 39054509

  • Date on Market: 2026-01-12

  • Last Updated:

  • Address: 5201 Lakeland Ave N, Minneapolis, MN 55429

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