$1,950,000

701 W Lake Street

Minneapolis MN, 55408

Description

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.

Details

MLS#5617158
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1901
Days On Site116

Features

Market Activity 55408

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Area Information
StateMN
CountyHennepin
CityMinneapolis
Zip Code55408
Listing VS Median (in 55408)
Price:
$1,950,000
low | high
Med:
$625,000
100% of Average
On Site:
116
low | high
Med:
270
42.962962962963% of Average
Listing Updated: October 1, 2020 1:32:38 PM PDT
Harrison Wagenseil LogoMLS Number: 5617158
Listing Provided By:
Harrison Wagenseil  of  Standard Commercial

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