3040 Lyndale Avenue S Minneapolis, MN 55408
For Sale MLS# 7004216
7,600 sq ft Commercial
Details for 3040 Lyndale Avenue S
MLS# 7004216
Description for 3040 Lyndale Avenue S, Minneapolis, MN, 55408
Welcome to 3040 Lyndale Ave S & 3045 Aldrich Ave S — a **RARE TWO-ADDRESS SALE** in the heart of the highly sought-after Lyn-Lake neighborhood (CM3 Zoning).This is not just real estate — this is a high-visibility corner asset positioned for strong cash flow, brand presence, and long-term upside. Located at Lyndale & 31st, the property offers exceptional street exposure, high daily traffic, abundant on-site parking across both parcels, attached garage stalls, and a flexible multi-level layout ideal for a wide range of uses.The layout is perfectly suited for a flagship cannabis dispensary with built-in separation for retail and operations, plus the opportunity to create a discreet, speakeasy-style entrance leading to a lower-level consumption lounge — a rare and highly desirable experiential concept.Beyond cannabis, the asset easily translates into **multiple high-demand concepts**, including:-Suite-style salon with café component-Full-service salon with rental booth income-Elevated vintage café + curated bookstore-Boutique office or creative headquarters-Wellness, medical, or detox facility (inpatient/outpatient)- One-of-a-kind boutique bed & breakfast, offering a unique stay experience in one of Minneapolis’ most vibrant districtsFor investors, this is where it gets compelling —the property’s layout and zoning make it easy to lease, reposition, or multi-tenant for diversified income streams.And for those thinking long-term: generate income now while planning a future redevelopment to fully unlock the potential of this prime corner site.Two addresses. Two parcels. Strong parking. Multiple revenue paths.Opportunities with this level of flexibility, visibility, and upside rarely come to market.Secure your footprint in one of Minneapolis’ most active and evolving corridors.
Listing Information
Property Type: Commercial, Apartments and Retail,Office,Retail/Shopping Center
Status: Active
Lot Size: 0.38 Acres
Square Feet: 7,600 sq ft
Year Built: 1930
Foundation: 1,848 sq ft
Garage: Yes
Stories: Three Or More
Subdivision: Auditors Sub 040
Number Of Units Total: 1
Current Use: Business Service,Commercial,Office,Professional Service,Retail
County: Hennepin
Days On Market: 118
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Basement: Unfinished, Full
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common,Hot Water Common
Cooling: Central
Heating: Natural Gas, Forced Air
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 3
Open Parking: 18
Parking Description: Covered, Attached Garage, Paved Lot
Exterior: Aluminum Siding, Brick/Stone
Roof: Age 8 Years or Less
Lot Dimensions: 62x237
Zoning: Business/Commercial,Lot
Additional Exterior/Lot Features: Patio, Corner Lot, Land Inclusions - Building, Road Frontage - City
Driving Directions
Excellent location on the convenient corner of Lyndale and 31st in the Lyn-Lake neighborhood Minneapolis.
Financial Considerations
Tax/Property ID: 0402824110013
Tax Amount: 21190
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Northstar Real Estate Associates
The data relating to real estate for sale on this web 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 Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 3040 Lyndale Avenue S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3040 Lyndale Avenue S
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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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