For Sale: Minneapolis MLS# 7007502
Active
NEW!
$1,350,000
Commercial: 2 Stories
4 br • 2 ba • Built 1907
0.11 acres
MLS# 7007502
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Property Description
Mixed use investment opportunity in the highly visible Lyndale Avenue south corridor of Minneapolis.
This package includes two adjacent parcels totaling five residential units and one street facing retail b
uilding, offering diversified income streams in one of South Minneapolis' most established rental and small-business districts. Located near Uptown and minutes from Bde Maka Ska, the property benefits from:
---Strong renter demand driven by proximity to downtown, lakes, public transit.
---Dense surrounding housing stock with consistent multifamily absorption.
---High daily traffic counts along Lyndale Avenue, supporting retail tenancy.
---Walkable access to neighborhood retail, restaurants, and transit corridor.
South Minneapolis has demonstrated long-term rental resiliency, supported by limited new small-scale multifamily inventory in this immediate corridor. The mixed-use configuration provides optionality: Stabilize, reposition, or redevelopment over time as land values continue to appreciate along this artery passage way.
Serious investors may request detailed financials and underwriting materials upon request and execution of an NDA.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,350,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1907
State:
MN
Property Style:
2 Stories
Zip Code:
55405
Neighborhood/Area:
84
Subdivision Name:
Rgt Fergusons Add
Interior
Bedrooms:
4
Bathrooms:
2
Flooring:
Vinyl, Wood
Refrigerators:
Two
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
880 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
Open
Road Frontage:
City Street
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.11
Geolocation:
44.958315, -93.287606
Inclusions:
Building, Fixture/Equipment, Leases
Lot Dimensions:
0
Addl Parcels:
3402924230177
Zoning:
Other
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
558
District Phone:
6126680000
Expenses
Tenant Expenses:
Broadband, Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,619
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,619
Income
Annual Gross Income:
$38,388
Rent
Annual Net Income:
$22,231
Units
Total Units:
2
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.