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701 W Lake Street
- Minneapolis, MN 55408
- Neighborhood: Auditors Sub 040
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
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Listing information last updated on December 3rd, 2020 at 9:21am CST.