$1,850,000
$1,850,000
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701 W Lake ST Minneapolis, MN 55408
3,484 Sqft Lot
Key Details
Sold Price $1,850,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Auditors Sub 040
MLS Listing ID 5617158
Sold Date 08/17/21
Year Built 1901
Annual Tax Amount $40,374
Tax Year 2019
Contingent None
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 80 X 45
Property Description
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.
Location
State MN
County Hennepin
Zoning Business/Commercial,Residential-Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Garage On-Street Parking Only
Utilities Available Electric Common, Electric Separate, Heating Separate, Hot Water Separate
Present Use Residential,Restaurant
Parking Type On-Street Parking Only
Building
Foundation 3200
Sewer City Sewer - In Street
Water City Water - In Street
Structure Type Brick/Stone
Schools
School District Minneapolis
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