Landmark Property at the Intersection of Lyndale Avenue South and Lake Street For Sale

2953 and 2957 Lyndale Avenue South, Minneapolis, MN

$3,550,000

Price

23,946 sqft

Combined Building SF

0.25 acres

Combined Lot Area

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Map
Overview
Combined Building SF
23,946 sqft
Combined Lot Area
0.25 acres
Zoning
C3A
Description

LANDMARK PROPERTY at the INTERSECTION of LYNDALE AVENUE SOUTH and LAKE STREET
FOR SALE - $3,550,000.00

This is a rare opportunity to own a landmark property situated at the high visibility corner of Lyndale and Lake in Minneapolis.

The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants (PKMS and Trio), 1 occupied retail space (The Lasherie), and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a Clear Channel 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 property is priced at $3,550,000.

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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