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701 W Lake Street, Minneapolis, MN – $2,250,000

  • $2.3M Price
  • .08 Acres
  • 61 DOM
  • $2.3M Price
  • .08 Acres
  • 61 DOM

701 W Lake Street

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.

Essential Information

  • MLS® #5249105
  • Price$2,250,000
  • Acres0.08
  • Year Built1901
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StyleMixed Use
  • StatusActive

Community Information

  • Address701 W Lake Street
  • AreaSouth Uptown
  • SubdivisionAuditors Sub 040
  • CityMinneapolis
  • CountyHennepin
  • StateMN
  • Zip Code55408

Amenities

  • GaragesOn-Street Parking Only

Interior

  • HeatingForced Air

Exterior

  • ConstructionBrick/Stone

Additional Information

  • Days on Market61

Zoning

Business/Commercial,Residential-Multi-Family

Listing Details

  • OfficeStandard Commercial
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Mortgage Information

Mortgage Summary

  • Monthly Payment $0.00
  • Monthly Home Owners Fee $0.00
  • Monthly Taxes $0.00
  • Private Mortgage Insurance $0.00
  • Total Monthly Payment $0.00

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Lakes | Sotheby's International Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Lakes | Sotheby's International Realty is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Lakes | Sotheby's International Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

Information deemed reliable but not guaranteed.

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Listing information last updated on April 5th, 2020 at 4:58pm CDT.

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