LANDMARK PROPERTY at the INTERSECTION of
LYNDALE AVENUE SOUTH and LAKE STREET
FOR SALE - $3,550,000.00
This is a rare opportunity to own a landmark property situated at the high visibility corner of Lyndale and Lake in Minneapolis.
The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants (PKMS and Trio), 1 occupied retail space (The Lasherie), and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a Clear Channel Billboard.
The other parcel features a large outdoor patio and parking lot (7 spaces) with 5,243 SF.
The property is available for the first time in over 30 years. The property is 95% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens. The property is priced at $3,550,000.
The restaurants, apartments, and retail feature very tall ceilings and windows throughout. The restaurants and retail spaces have been completely updated. The property has been well maintained and had a new roof installed in 2019. The property is situated in an Opportunity Zone.
EXECUTIVE SUMMARY
Address: 2957 Lyndale Avenue S | Minneapolis, MN 55408
• PID: 34-029-24-33-0105
• Use: Mixed-use apartment and
• retail/restaurant
• Building SF: 18,703
• Site Size: .13 acres
• Zoning: C3A
Address: 2953 Lyndale Avenue S | Minneapolis, MN 55408
• PID: 34-029-24-33-0107
• Use: Commercial Lot (patio and parking)
• Building SF: 5,243
• Site Size: .12 acres
• Parking Stalls: 7
• Zoning: C3A
• Opportunity Zone: Yes
• Occupancy: 95%
