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Property Description
Positioned along the vibrant East Lake Street corridor, this mixed-use commercial property offers a compelling blend of stability and future potential. Anchored by a high-volume laundromat and an operating restaurant, the property generates strong, diversified income.Set on one of the largest parcels in the immediate area, the site presents significant upside through expansion or redevelopment. Its prominent location benefits from consistent traffic, strong neighborhood demand, and proximity to key Minneapolis destinations.A rare chance to secure a sizable footprint in a high-demand urban corridor.
Property Features
Property Type: Commercial - Business
Fuel Type: Electric, Natural Gas
Heating: Forced Air
Lot Size: 0.85 Acres
Roof Type: Flat
Stories: 1.0
Taxes: $36,591
Year Built: 1981
Feature Descriptions
Current Use: Laundromat, Restaurant
Days on Site: 165
Foundation Size: 4255
Handicap Accessible: No Stairs External
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: Irregular
Parcel#: 0202824120257
Parking: Parking Lot, Paved Lot
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
Sewer: City Sewer/Connected
Units: 2
Utilities: Electric Common, Heating Common, Hot Water Common
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 952-283-0897
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
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1405 E Lake Street | MLS# 7061743
This commercial property located at 1405 E Lake Street, Minneapolis, MN 55407 is currently listed for sale with an asking price of $2,900,000. E Lake Street is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.net today.