701 W Lake Street, Minneapolis, Minnesota, 55408

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.

Active

$1,950,000

Condo/ Townhome/ Apartment

10,320 Sqft

0.08 Acres

MLS

5617158

Built in 1901

Auditors Sub 040

40374 (2019)

Listing Courtesy of Standard Commercial,

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ADDRESS & DIRECTIONS

  • Street Address: 701 W Lake Street
  • City: Minneapolis
  • State: Minnesota
  • County: Hennepin
  • Subdivision: Auditors Sub 040
  • Directions:
    Corner of Lyndale and West Lake Street in Minneapolis' Uptown/Lyn-Lake neighborhood.

PROPERTY FEATURES

General Information

  • Current Use : Restaurant,Residential
  • Building Finished Area : 10320 S.F

Rooms Information

  • Total Number of Units : 4

Parking Features

  • Parking Characteristics: On-Street Parking Only

Construction Features

  • Foundation Size: 3200 S.F

Utility Information

  • Utilities : Heating Separate,Electric Separate,Electric Common,Hot Water Separate
  • Water Source : City Water - In Street
  • Sewer System : City Sewer - In Street
  • Fuel : Natural Gas,Electric

Community Features

  • Neighborhood : South Uptown

Other Features

  • Zoning : Business/Commercial,Residential-Multi-Family

SCHOOLS NEAR 701 W Lake Street

  • Courtesy of Standard Commercial,
  • Property last updated on RMLS-MN : 7/7/2020 4:15:40 PM