2953 & 2957 Lyndale Avenue S

Minneapolis, MN 55408 View Map $3,550,000 Schedule a Tour
Acres0.13
Year1900
2953 & 2957 Lyndale Avenue S Minneapolis, MN 55408 | MLS 6113840 Photo 1
2953 & 2957 Lyndale Avenue S Minneapolis, MN 55408 | MLS 6113840 Map
Brandon Hedges & Matt Barker

Brandon Hedges & Matt Barker

(612) 730-6717

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Status: Active
Property Type:Commercial Sale
MLS #:6113840
On Site:918 Days
Lot Size:0.13 Acres
County:Hennepin
Price Reduction - The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants, 1 occupied retail space, and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a 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 property is 95% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens.
The restaurants, apartments, and retail feature very tall ceilings and windows throughout. The restaurants and retail spaces have been completely updated. The property has been well maintained and had a new roof installed in 2019. The property is situated in an Opportunity Zone.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
1/13/2022$4,100,000$3,950,000-3.7%
6/12/2023$3,950,000$3,550,000-10.1%

Community Information

Address:2953 & 2957 Lyndale Avenue S, Minneapolis, MN 55408
County:Hennepin
School District:Minneapolis
Subdivision:Excelsior Add
Zip Code:55408
Neighborhood:Whittier

Features / Amenities

Heating: Forced Air
Fuel: Natural Gas

Property Features

Lot Size: 0.13 Acres
Lot Dimensions:.12
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Sewer: City Sewer - In Street
Water: City Water - In Street
Zoning:Business/Commercial,Residential-Multi-Family
Directions:Merge onto I-35W,
Exit onto Stevens Ave
Merge onto Stevens Ave 482 ft
Turn right onto E Lake St 0.6 mi
Turn right 108 ft Turn left 56 ft, located at
Intersection of Lyndale & Lake.

Tax and Financial Info

Sale Includes: Building, Land, Leases
Tax Year: 2024
Tax Annual Amount: $72,051

Schools

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2953 & 2957 Lyndale Avenue S Minneapolis,  MN 55408
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2953 & 2957 Lyndale Avenue S Minneapolis, MN 55408
 
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Listing Information Last Updated 4/17/2024
Listing provided courtesy of Christianson & Company.
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