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  • 701 W Lake Street

  • Minneapolis, MN 55408
  • Neighborhood: Auditors Sub 040
  • $1,950,000
  • MLS® #: 5617158
  • Year Built: 1901
  • Days Listed: 214
Commercial Sale property for sale in Minneapolis, MN at 701 W Lake Street. This property is priced at $24,375,000/acre.

Description of 701 W Lake Street, Minneapolis, MN 55408 - $1,950,000

Previous buyer got Corona-Jitters. Mixed use apartment and retail/restaurant building at the southwest corner of Lyndale and Lake in Minneapolis' popular Uptown neighborhood. Prieto Taquria bar/restaurant is on a 10-year NNN lease with 2% annual increases. 3 of 4 apartment units were upgraded in 2017. HVAC for the restaurant is separate. 4/4 apt units have been updated, entire building has been renovated. Mechanical is in great working condition. The remodeled apartments are really nice sizes. Buyer and buyer's agent to verify all info. and measurements. Please contact broker for CA and offering memorandum. Clean phase 1, 2 and soil samples. Turn Key investment.

Essential Information

  • MLS® #5617158
  • Price$1,950,000
  • Acres0.08
  • Year Built1901
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StyleMixed Use
  • StatusActive

Interior

  • HeatingForced Air

Community Information

  • Address701 W Lake Street
  • AreaSouth Uptown
  • SubdivisionAuditors Sub 040
  • CityMinneapolis
  • CountyHennepin
  • StateMN
  • Zip Code55408

Exterior

  • ConstructionBrick/Stone

Amenities

  • GaragesOn-Street Parking Only

Additional Information

  • Listing OfficeStandard Commercial
  • Days on Market214

Zoning

Business/Commercial,Residential-Multi-Family

Kris LindahlREALTOR®

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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Kindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Kindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Kindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

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Listing information last updated on December 3rd, 2020 at 9:21am CST.