• Price$2,250,000
  • Built1901
  • Taxes$40,374

701 W Lake Street, Minneapolis

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
  • Year Built1901
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StyleMixed Use
  • StatusActive
  • Taxes$40,374

Amenities

  • GaragesOn-Street Parking Only

Exterior

  • ConstructionBrick/Stone

Listing Details

  • Listing OfficeStandard Commercial

Community Information

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

Interior

  • HeatingForced Air

Additional Information

  • Days on Market61
  • ZoningBusiness/Commercial,Residential-Multi-Family

MLS #5249105 is a Commercial Sale listing, located at 701 W Lake Street in Minneapolis, MN.

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