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$2,750,000

0 Beds 0 Baths 18,555 SQFT 0.58 Acres

Type: Commercial

1501 E Lake Street
Minneapolis, MN 55407

MLS#: 7134755

Ted Bergstrom

The Real Estate Advantage

Agent

Phone: 612.723.5444

Office: 952.224.8800

Visit Website

Presented by: BRIX Real Estate

Property Description

6 Parcels including 2 buildings with over 15,000 finished square feet. Large 40+ stall parking lot. Includes 2 restaurant spaces with equipment, upper level event/wedding space, lower level office suite, 2 storefront shop rental spaces, and over 3000 square feet of additional unfinished basement space. Don't miss out, set up a viewing today!

Interior Features

Other Interior Features

BasementFull

Basement (Y/N)Yes

Ceiling Height11-15

Foundation Dimensions82X98

FuelNatural Gas

General

AccessibilityDoors 36 +, Lowered Switches/Controls

Additional Parcels Description0202824120255, 0202824120098, 0202824120097, 0202824120208, 0202824120094

Additional Parcels Y/NYes

Amenities UnitSkylight, Tile Floors

Association AmenitiesFire Sprinkler System

CityMinneapolis

Construction MaterialsFrame

ContingencyNone

CoolingCentral Air

CountyHennepin

Current UseProfessional/Office, Commercial, Event Space, Office, Professional Service, Restaurant

Directions35W to Lake Street, go East, Lake Street/Bloomington Avenue

Garage Spaces0

HeatingForced Air

High School DistrictMinneapolis

Land Lease Y/NNo

Lender OwnedNo

LevelsThree Or More

Lot Size UnitsSquare Feet

Net Operating Income1

New ConstructionNo

Number Of Units Total5

OwnerPaysElectricity, Escalation, Insurance, Janitorial Service, Repairs, Percentage Rent, Snow Removal, Taxes, Trash Collection

Possible UseOffice, Other, Professional Service, Restaurant, Retail, Income, Lounge/Bar

PostalCityMinneapolis

Property TypeCommercial Sale

RoofFlat, Rubber, Tar/Gravel

SewerCity Sewer/Connected

Standard StatusActive

Tax Annual Amount$62,676

Tax Year2026

UtilitiesElectric Common, Heating Common

Year Built2002

Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total18,555 sqft

FencingChain Link

Foundation Area7,257 sqft

InclusionsBuilding, Business Assets

Lot Dimensions240X84

Lot FeaturesPublic Transit (w/in 6 blks)

Lot Size Area25,325 sqft

Parking FeaturesSecured, Open

Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks, Street Lights

Road ResponsibilityPublic Maintained Road

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

$2,750,000

0 Beds 0 Baths 18,555 SQFT 0.58 Acres

Type: Commercial

1501 E Lake Street
Minneapolis, MN 55407

MLS#: 7134755

Ted Bergstrom

The Real Estate Advantage

Agent

Phone: 612.723.5444

Office: 952.224.8800

Visit Website

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$2,750,000

1501 E Lake Street
Minneapolis, MN 55407

Property Description

Interior Features

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$2,750,000

1501 E Lake Street
Minneapolis, MN 55407

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$2,750,000

1501 E Lake StreetMinneapolis, MN 55407

Property Description

Interior Features

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$2,750,000

1501 E Lake StreetMinneapolis, MN 55407

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1501 E Lake Street
Minneapolis, MN 55407

1501 E Lake Street
Minneapolis, MN 55407