Address
701 W Lake Street Minneapolis, MN
Price
$ 1,850,000
Property Attributes
  • ID#5617158
  • TypePending
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaAuditors Sub 040
  • NeighborhoodSouth Uptown
  • Zip55408
  • StyleMixed Use
  • Year Built1901
  • Taxes40374
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10320
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Standard Commercial
Data Source:
NorthstarMLS
Property Description

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.

Price History
7/7/2020 Listed $1,950,000
2/20/2021 6% - $1,850,000

General Features

Accessibility None
Construction Materials Brick/Stone
Contingency None
Current Use Restaurant, Residential
Heating Forced Air
High School District Minneapolis
Lender Owned No
Parking Features On-Street Parking Only
Property SubType Mixed Use
Property Type Commercial Sale
Sewer City Sewer - In Street
Standard Status Pending
Tax Annual Amount 40374
Total Units 4
Zoning Description Business/Commercial, Residential-Multi-Family

Exterior Features

Foundationarea 3200
Lot Dimensions 80 X 45
Lot Size Area 0.08
Lot Size Units Acres
Water Source City Water - In Street
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 55408

Price
AVG $520K
$1.85M
Taxes
AVG $7,359
$40,374
Visits
AVG 79
308
Year Built
AVG 1920
1901
Walkscore
AVG 86
94
Data Provided by Walkscore ® not using MLS data

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