701 W Lake Street

Minneapolis, MN
$ 1,950,000 Beds 0 Baths 0 Sq 10,320
Monthly Estimate* How much can I afford?

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.

Commercial

  • Price
  • $ 1,950,000
  • Lot Size
  • 3,485 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 10,320
  • Full Bathrooms
  • 0
  • Year Built
  • 1901
  • Half Bathrooms
  • 0
  • City, Zip
  • Minneapolis
  • Taxes
  • 40374
  • County
  • HENNEPIN
  • Style
  • Mixed Use
  • Area
  • Auditors Sub 040
  • MLS#
  • 5617158
  • Zip
  • 55408
Listing Provided by: Standard Commercial

Features

General

Property SubType Mixed Use
Standard Status Active

Exterior Features

Lot Dimensions 80 X 45
Lot Size Area 0.08
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Mankato, MN office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/7/2020 Listed $1,950,000

Property vs Zip Code Average in 55408

Price
AVG $1.44M
$1.95M
Taxes
AVG $14,176
$40,374
Visits
AVG 15
26
Year Built
AVG 1921
1901
Walkscore
AVG 91
94
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

701 W Lake Street Minneapolis, MN is a Single Family Home for sale at $1950000 with 10320 sqft and a lot size of 3,485 SqFt Acre(s). 701 W Lake Street Minneapolis has 0 bedrooms, 0 baths and was built in 1901. The property's zip code is 55408 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.