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$2,900,000

0 Beds 0 Baths 0 SQFT 0.85 Acres
Type: Commercial

1405 E Lake Street
Minneapolis, MN 55407

MLS#: 7061743
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: Compass

Property Description

 

Positioned along the vibrant East Lake Street corridor, this mixed-use commercial property offers a compelling blend of stability and future potential. Anchored by a high-volume laundromat and an operating restaurant, the property generates strong, diversified income. Set on one of the largest parcels in the immediate area, the site presents significant upside through expansion or redevelopment. Its prominent location benefits from consistent traffic, strong neighborhood demand, and proximity to key Minneapolis destinations. A rare chance to secure a sizable footprint in a high-demand urban corridor.


 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelElectric, Natural Gas
Garage Square Feet0

General

AccessibilityNo Stairs External
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
Current UseLaundromat, Restaurant
DirectionsHwy 55 S, W onto E Lake St
Garage Spaces0
HeatingForced Air
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total2
Pool FeaturesNone
PostalCityMinneapolis
Property TypeCommercial Sale
RoofFlat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameWilliams Add
Tax Annual Amount$36,592
Tax Year2026
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1981
Zoning DescriptionBusiness/Commercial

Exterior

Foundation Area4,255 sqft
InclusionsBuilding, Business Assets, Business, Fixture/Equipment, Inventory, Land
Lot DimensionsIrregular
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesParking Lot, Paved Lot
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$2,900,000

0 Beds 0 Baths 0 SQFT 0.85 Acres
Type: Commercial

1405 E Lake Street
Minneapolis, MN 55407

MLS#: 7061743
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800