$469,000

3318 E Lake StreetMinneapolis, MN 55406

Type: Commercial

1926 Year Built

Description

You do not want to miss this great investment and cash flowing opportunity! Nicely located in the Longfellow neighborhood of Minneapolis and close to several local amenities, Easy access to major roadways and public transportation. This beauty consists of four commercial spaces and one 2 bed/1 bath unit, Many of the units have been rented with long term tenants, 11 Parking spots and on-street parking too! 1 Loading Docks for each lower space.

MLS ID: 6561135

Directions: Heading northeast on MN-55 / Hiawatha Ave toward E 33rd St, Take the ramp on the right for E Lake St/ County -3 and head toward E Lake St, Turn right onto E Lake St/ County Hwy-3, Arrive at 3318 E Lake St on your left.

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Property Details

Essential Details

MLS #: 6561135

Listing courtesy of: Edina Realty, Inc.

Price: $469,000

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Business/Commercial

Current Use: Commercial, Manufacturing, Office, Other, Professional Service, Residential, Warehouse

Total Units: 5

Annual Gross Income: $55,140

Tenant Pays: Cable TV, Electricity

Owner Pays: Electricity, Fuel, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water

Parking Features: Asphalt, Guest Parking, On-Street Parking Only, Other, Paved

Building Details

Owner Occupied: No

Construction Materials: Block, Stucco

AccessibilityFeatures: None

Roof: Age Over 8 Years, Rubber

Heating: Boiler

Cooling: None

Style: Apartment, Mixed Use, Low Rise, Office

Year Built: 1926

Foundation Area: 2,320

Amenities - Association: Other

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Number of Ranges: One

Number of Refrigerators: One

Utilities: Electric Common, Heating Common, Hot Water Common

Lot Details

Complex/Dev/Sub Name: South Minneapolis Add

Lot Dimensions: 92.32x86

Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer

School Information

District: Minneapolis

District Number: 1

District Phone: 612-668-0000

Community Information

County: Hennepin

Survey Range: 23

Survey Section: 31

Survey Township: 29

Taxes

Tax Year: 2023

Tax Amount: $12,182

Assessment Pending: No

Taxes w/Assessments: $12,182

This listing was last updated by Edina Realty, Inc. on 7/4/2024 at 9:03 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 9/7/2024 10:05 pm.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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