Active

2953 & 2957 Lyndale Avenue S

Minneapolis MN, 55408

$3,550,000


$148.25 per sqft

Active

23,946 sqft

Commercial

Built in 1900

Price Reduction - The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants, 1 occupied retail space, and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a 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 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.

6113840

MLS ID

October 13, 2021

Listed

July 13, 2024

Updated

Map

2953 & 2957 Lyndale Avenue S
Minneapolis MN, 55408

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.13 Acres


Sewer

City Sewer - In Street

School Information

School District

Minneapolis

Other Property Details

Taxes

$72,051


Tax Frequency

Annually


Days on Market

902


Garage

Yes


Garage Spaces

7


Parking

Detached, Other


View

No


County

Hennepin


Water Source

City Water - In Street


Pool

No


Buyer Agency Compensation

2.25%

Listing History

Date

Event

Price

6/12/2023

Price Change

$3,550,000

-11%

 

Courtesy of Christianson & Company

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Natasha Cejudo shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 4:56 PM UTC, 7/13/2024

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