a Berkshire Hathaway affiliate

$895,000

4601 Lyndale Avenue N, Minneapolis


$895,000

Off-Market Date: 9/12/2019

4601 Lyndale Avenue N Minneapolis, MN 55412

Pending MLS# 5252366

4,148 sq ft Commercial

Data current as of {{getLocalTime('2020-01-20T20:05:46Z')}}

Details

MLS# 5252366

Description for 4601 Lyndale Avenue N, Minneapolis, MN, 55412


Confidential Listing. Turnkey bar, restaurant, & building available FOR SALE. Price includes all FF&E. Price includes new ADA restrooms, & other work, being done for $120,000 now. 2018 gross revenues of $1,154,717 w/ an NOI of approximately $208,947 (expenses including $83,326 in voluntary accounting & security personnel costs). Expected NOI of approximately $242,000 in 2019. $50,000 in recent upgrades. New coolers/freezers, new stoves, newer chairs & tables, new security/camera system & metal detector. Full kitchen. Currently only liquor license north of Broadway Ave N in the City of Minneapolis. Located within walking distance to the 48 acre Upper Terminal Harbor redevelopment project on the Mississippi River. Great potential to increase food sales at this location. Outside patio. 953 sf apartment unit upstairs w/ separate entrance not currently being rented out, that with some renovation, can be rented out.

Listing Information


Property Type: Commercial, Apartments and Retail,Business Opportunity,Apartments/Multi Family

Status: Pending

Lot Size: 0.27 Acres

Square Feet: 4,148 sq ft

Year Built: 1912

Foundation: 4,148 sq ft

Garage: No

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Camden Park Add

Builder:

Foundation:

Total Units: 2

Current Use: Tavern/Lounge,Restaurant

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Hennepin

Days On Market: 85

HERS Score:

Construction Status: Previously Owned

School Information


District: 1 - Minneapolis

Elementary:

Middle:

High:

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Accessibility: Wheelchair Ramp

Additional Interior Features:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities: Heating Separate

Other Utilities:

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Parking Spaces: 17

Parking Description: Uncovered/Open

Exterior: Wood

Lot View:

Lot Dimensions: E75.9X147X75X159

Farm Type:

Crop Type:

Zoning: Business/Commercial

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Driving Directions


From I-94, go west on 49th Avenue North, go south on Lyndale Avenue North, building is on the west side at the intersection of 46th Avenue North and Lyndale Avenue North.

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Annual Income: $1,154,717

Annual Expense: $945,770

Ownership Type:

Tax/Property ID: 1211821430057

Tax Amount: $10,905

Tax Year: 2019

HomeStead Description: Non-Homesteaded

Price Changes


$895,000 Original Price
$895,000 Current Price
+$0 Total Change
Date Price Change
6/21/2019 04:52 PM $895,000

Sales History

Date Price Change
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Tax Summary

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Estimated Market Value Taxable Market Value Total Tax
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Schools nearby 4601 Lyndale Avenue N

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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