$1,950,000 701 W Lake Street Minneapolis, MN

ML: 5617158   Type: Commercial   County: Hennepin   City: Minneapolis   Area: Auditors Sub 040   Neighborhood: South Uptown   Zip: 55408   Style: Mixed Use     Taxes: $40,374

Mortgage $9,155 /mo



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Previous buyer got Corona-Jitters. Mixed use apartment and retail/restaurant building at the southwest corner of Lyndale and Lake in Minneapolis' popular Uptown neighborhood. Prieto Taquria bar/restaurant is on a 10-year NNN lease with 2% annual increases. 3 of 4 apartment units were upgraded in 2017. HVAC for the restaurant is separate. 4/4 apt units have been updated, entire building has been renovated. Mechanical is in great working condition. The remodeled apartments are really nice sizes. Buyer and buyer's agent to verify all info. and measurements. Please contact broker for CA and offering memorandum. Clean phase 1, 2 and soil samples. Turn Key investment.

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Price History

7/7/2020 Listed $1,950,000

Contingency None
High School District Minneapolis
Property SubType Mixed Use
Property Type Commercial Sale
Standard Status Active

Exterior Features

Lot Dimensions 80 X 45
Lot Size Area 0.08
Lot Size Units Acres

Property Schools

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Property vs Zip Code Avg (55408)

Price 1.95M Avg 1.86M

Sqr Feet 10,320 Avg 4,364

Cost / Sqr Ft $189 Avg $426

Taxes $40,374 Avg $16,623

Acres 0.08 Avg 0.11

Visits 134 Avg 75

Days on Site 194 Avg 129

Walkscore® 94 Avg 91

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Standard Commercial

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Location & Address

RE/MAX Advantage Plus
17850 Kenwood Trail
, MN