2953-2957 Lyndale Avenue South

LANDMARK PROPERTY at the INTERSECTION of LYNDALE AVENUE SOUTH and LAKE STREET

FOR SALE - $3,550,000.00

This is a rare opportunity to own a landmark property situated at the high visibility corner of Lyndale and Lake in Minneapolis.

The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants (PKMS and Trio), 1 occupied retail space (The Lasherie), and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a Clear Channel Billboard.

The other parcel features a large outdoor patio and parking lot (7 spaces) with 5,243 SF.

The property is available for the first time in over 30 years. The property is 95% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens. The property is priced at $3,550,000.

The restaurants, apartments, and retail feature very tall ceilings and windows throughout. The restaurants and retail spaces have been completely updated. The property has been well maintained and had a new roof installed in 2019. The property is situated in an Opportunity Zone.

EXECUTIVE SUMMARY

Address: 2957 Lyndale Avenue S | Minneapolis, MN 55408

PID: 34-029-24-33-0105
Use: Mixed-use apartment and
retail/restaurant
Building SF: 18,703
Site Size: .13 acres
Zoning: C3A

Address: 2953 Lyndale Avenue S | Minneapolis, MN 55408

PID: 34-029-24-33-0107
Use: Commercial Lot (patio and parking)
Building SF: 5,243
Site Size: .12 acres
Parking Stalls: 7
Zoning: C3A
Opportunity Zone: Yes
Occupancy: 95%

Property Images and Virtual Tours: https://app.nordyphoto.com/v2/2953-and-2957-lyndale-ave-s-minneapolis-mn-55408-1217895/branded