• 4123 E Lake St, Minneapolis, MN 55406

For Sale

Office

For Sale

This property is available for sale
0.26
Acres
$1,590,000
Sale Price
  • Sale Status
    Sale Pending
  • Year Built
    1940
  • Total Building Size
    12,968 RSF
  • Overview

    12,968 SF Office Building For Sale On Lake Street!

    4123 East Lake Street is centrally located in the urban neighborhood of Longfellow in Minneapolis and is an excellent opportunity for an owner/user. The property is an attractive 2 story, 12,968 square foot office building situated on a .26-acre parcel on the corner of East Lake Street and 42nd Avenue S. The building has been very well maintained, is in excellent condition, and offers an adjoining parking lot with 10 dedicated parking spaces. The current occupier is the owner and is in the process of building a new building. They will remain in the building until Spring 2021 and will need to lease until that time.

    Highlights and Features:
    County: Hennepin
    Number of Floors: 2 stories (with a partial basement of 843 sf)
    PID Numbers: 0602823120001, 0602823120002, 0602823120003, 0602823120004
    Fully sprinklered
    Building signage
    Elevator: 1
    Parking Spaces: 10 designated with ample unmetered street parking
    Exterior: Concrete masonry with face brick and stucco
    Roof: 2 Level Flat, Lower Roof: EPDM, Upper Roof: Pitch and gravel
    HVAC: 2 rooftop condensing units, 6 packaged rooftop units and one basement furnace
    Metro Transit Service: Route 4, Route 5, Route 9, Route 14, and Light Rail Blue Line

    Demographics and Traffic Counts:
    2018 Average Population: 1 mile - 9,288, 3 miles - 110,216 and 5 miles - 313,284
    2018 Average Household Income: 1 mile - $80,864, 3 miles - 62,817 and 5 miles - $62,621
    Traffic Counts: Lake Street -12,900 vpd and 42nd Ave S - 4,450 vpd

    Available For Sale: 12,968 SF
    2020 Tax: $1,202.70
    Sale Price: $1,590,000.00

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Property Details

12,968 SF Office Building For Sale On Lake Street!

4123 East Lake Street is centrally located in the urban neighborhood of Longfellow in Minneapolis and is an excellent opportunity for an owner/user. The property is an attractive 2 story, 12,968 square foot office building situated on a .26-acre parcel on the corner of East Lake Street and 42nd Avenue S. The building has been very well maintained, is in excellent condition, and offers an adjoining parking lot with 10 dedicated parking spaces. The current occupier is the owner and is in the process of building a new building. They will remain in the building until Spring 2021 and will need to lease until that time.

Highlights and Features:
County: Hennepin
Number of Floors: 2 stories (with a partial basement of 843 sf)
PID Numbers: 0602823120001, 0602823120002, 0602823120003, 0602823120004
Fully sprinklered
Building signage
Elevator: 1
Parking Spaces: 10 designated with ample unmetered street parking
Exterior: Concrete masonry with face brick and stucco
Roof: 2 Level Flat, Lower Roof: EPDM, Upper Roof: Pitch and gravel
HVAC: 2 rooftop condensing units, 6 packaged rooftop units and one basement furnace
Metro Transit Service: Route 4, Route 5, Route 9, Route 14, and Light Rail Blue Line

Demographics and Traffic Counts:
2018 Average Population: 1 mile - 9,288, 3 miles - 110,216 and 5 miles - 313,284
2018 Average Household Income: 1 mile - $80,864, 3 miles - 62,817 and 5 miles - $62,621
Traffic Counts: Lake Street -12,900 vpd and 42nd Ave S - 4,450 vpd

Available For Sale: 12,968 SF
2020 Tax: $1,202.70
Sale Price: $1,590,000.00

  • Property Type
    Office
  • Submarket
  • Year Built
    1940
  • Sale Price
    $1,590,000
  • Total Building Size
    12,968RSF
  • Total Acres
    0.26
  • Zoning
    C1
  • Sale Status
    Sale Pending
  • Will build to suit
    No
  • Sewer
    No
  • Corner lot
    No
  • Last updated
    Sep 18, 2020
  • Property ID
    2102710

Landlord's Sales Representatives

  • Nancy Flicek
    Christianson & Company
     
  • Sabine Shea
    Christianson & Company