$4,100,000

2953 & 2957 Lyndale Avenue S, Minneapolis, MN 55408


2953 & 2957 Lyndale Avenue S Minneapolis, MN 55408

For Sale MLS# 6113840

23,946 sq ft Commercial

Data current as of {{getLocalTime('2021-10-18T16:40:51Z')}}

Details for 2953 & 2957 Lyndale Avenue S

MLS# 6113840

Description for 2953 & 2957 Lyndale Avenue S, Minneapolis, MN, 55408


This is a rare opportunity to own a landmark property situated at the high visibility corner of Lyndale and Lakein Minneapolis’ popular Uptown neighborhood. The property consists of two parcels, one featuring a mixed-use apartment and retail/restaurant buildingencompassing 18,703 SF with 2 occupied restaurants, 2 occupied retail spaces, and 6 occupied, apartment units, and billboard. The other parcel features a large outdoor patio and parking lot (7 spaces) with 5,243 SF. The property is available for the first time in over 30 years. The building is 100% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens.

Listing Information


Property Type: Commercial, Apartments and Retail,Retail/Shopping Center,Apartments/Multi Family

Status: Active

Lot Size: 0.13 Acres

Square Feet: 23,946 sq ft

Year Built: 1900

Foundation: 6,234 sq ft

Garage: Yes

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Excelsior Add

Builder:

Foundation:

Total Units: 10

Current Use: Restaurant,Business Service,Food Service

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Hennepin

Days On Market: 5

HERS Score:

Construction Status: Previously Owned

School Information


District: 1 - Minneapolis

Elementary:

Middle:

High:

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Accessibility: Other

Additional Interior Features:

Utilities


Water: City Water - In Street

Sewer: City Sewer - In Street

Available Utilities: Heating Separate,Electric Separate,Hot Water Separate

Other Utilities:

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Garage Spaces: 7

Parking Spaces: 7

Parking Description: Other, Detached Garage

Exterior: Brick/Stone

Lot View:

Lot Dimensions: .12

Farm Type:

Crop Type:

Zoning: Residential-Multi-Family,Business/Commercial

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Driving Directions


Merge onto I-35W, Exit onto Stevens AveMerge onto Stevens Ave 482 ftTurn right onto E Lake St 0.6 miTurn right 108 ft Turn left 56 ft, located at Intersection of Lyndale & Lake.

Financial Considerations


Other Deposit Fees:

Assessments: $7,251

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 3402924330105

Tax Amount: $66,415

Tax Year: 2021

HomeStead Description: Non-Homesteaded

Price Changes


$4,100,000 Original Price
$4,100,000 Current Price
+$0 Total Change
Date Price Change
10/13/2021 03:52 PM $4,100,000

Sales History

Date Price Change
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Tax Summary

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Schools nearby 2953 & 2957 Lyndale Avenue S

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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Schools nearby Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings