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4601 Lyndale Ave N, Minneapolis, MN – $895,000

  • $895k Price
  • 4,148 Sqft
  • .27 Acres
  • 60 DOM
  • $895k Price
  • 4,148 Sqft
  • .27 Acres
  • 60 DOM

4601 Lyndale Ave N

Confidential Listing. Turnkey bar, restaurant, & building available FOR SALE. Price includes all FF&E. Price includes new ADA restrooms, & other work, being done for $120,000 now. 2018 gross revenues of $1,154,717 w/ an NOI of approximately $208,947 (expenses including $83,326 in voluntary accounting & security personnel costs). Expected NOI of approximately $242,000 in 2019. $50,000 in recent upgrades. New coolers/freezers, new stoves, newer chairs & tables, new security/camera system & metal detector. Full kitchen. Currently only liquor license north of Broadway Ave N in the City of Minneapolis. Located within walking distance to the 48 acre Upper Terminal Harbor redevelopment project on the Mississippi River. Great potential to increase food sales at this location. Outside patio. 953 sf apartment unit upstairs w/ separate entrance not currently being rented out, that with some renovation, can be rented out.

Essential Information

  • MLS® #5252366
  • Price$895,000
  • Square Footage4,148
  • Acres0.27
  • Year Built1912
  • TypeCommercial
  • StatusActive

Sub-Type

Business Opportunity, Apartments/Multi Family, Apartments and Retail

Style

Business Opportunity, Apartments/Multi Family, Apartments and Retail

Community Information

  • Address4601 Lyndale Ave N
  • AreaLind - Bohanon
  • SubdivisionCamden Park Add
  • CityMinneapolis
  • CountyHennepin
  • StateMN
  • Zip Code55412

Amenities

  • GaragesUncovered/Open

Interior

  • HeatingForced Air

Exterior

  • ExteriorWood
  • Foundation4148

School Information

  • District1 - Minneapolis

Additional Information

  • Date ListedJune 19th, 2019
  • Days on Market60
  • ZoningBusiness/Commercial

Listing Details

  • OfficeSummerhill Commercial Real
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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 August 20th, 2019 at 12:20am CDT.

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