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1517 W Lake Street, Minneapolis, MN 55408

$895,000
MLS# 7134821
  • 1517 W Lake Street, Minneapolis, MN 55408 Main Photo

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STATUS: Active
PROPERTY TYPE: Commercial - Retail
SUBDIVISION: Calhoun Park
SCHOOL: Minneapolis

Property Description

Strong investment property just two and a half blocks from beautiful Lake Bde Maka Ska on the edge of the Minneapolis' vibrant Uptown area. This mixed-use building offers a rare opportunity to combine street-level retail visibility with spacious upper-level residential income. Positioned along West Lake Street, the property benefits from a dense urban trade area, strong nearby household incomes, and proximity to one of Minneapolis most recognizable commercial corridors. This property offers flexibility for an owner-user, investor, or small business operator seeking a recognizable Uptown address with both commercial frontage and residential space above. The combination of retail square footage, upper-level apartment area, historic character, and recent roof improvement creates a versatile opportunity in one of Minneapolis' established urban neighborhoods.Mixed-use building with main-level retail and upper-level apartment space.? Owner-User Flexibility? Lower Level Storage? Top 2 Floors offer Residential Space? Prime Uptown Minneapolis location at 1517 W. Lake Street? Approximately 1,065 square feet of main-level retail space? Approximately 1,541 total square feet across the second and third-floor apartment? Building originally constructed in 1900? Roof is approximately 2 years old? Nearly 500,000 residents within 5 miles of the property? Average household income within the area exceeds $100,000 per year

1517 W Lake Street | MLS# 7134821

This commercial property located at 1517 W Lake Street, Minneapolis, MN 55408 is currently listed for sale with an asking price of $895,000. W Lake Street is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealtyalex.com today.

Property Features

Property Type: Commercial - Retail
Basement: Yes
Cooling: Central Air, Dual
Fuel Type: Electric
Heating: Forced Air, Zoned
Lot Size: 0.09 Acres
Roof Type: Age 8 Years or Less, Asphalt, Rubber
Taxes: $20,716
Year Built: 1900

Feature Descriptions

Appliances: Microwave, Range, Refrigerator, Stainless Steel Appliances
Basement: Block, Full
Current Use: Commercial, Recreational, Retail
Days on Site: 1
Foundation Size: 1193
Handicap Accessible: Wheelchair Ramp(s), Soaking Tub
Lot Dimensions: 43x92
Parcel#: 0402824210031
Parking: Asphalt, Guest Parking, Parking Lot, Paved Lot, More Parking Onsite for Fee, Unassigned
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 1
Utilities: Electric Separate, Heating Separate, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: RE/MAX Results
Agency Phone: 952-829-2900

Shown By

Agency Title: Counselor Realty - Alexandria
Agency Phone: (320) 762-1111

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