About 1405 E Lake Street
Positioned along the vibrant East Lake Street corridor, this mixed-use commercial property offers a compelling blend of stability and future potential. Anchored by a high-volume laundromat and an operating restaurant, the property generates strong, diversified income. Set on one of the largest parcels in the immediate area, the site presents significant upside through expansion or redevelopment. Its prominent location benefits from consistent traffic, strong neighborhood demand, and proximity to key Minneapolis destinations. A rare chance to secure a sizable footprint in a high-demand urban corridor.
Features of 1405 E Lake Street
| MLS® # | 7061743 |
|---|---|
| Price | $3,200,000 |
| Acres | 0.85 |
| Year Built | 1981 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 1405 E Lake Street |
|---|---|
| Area | 64 |
| Subdivision | Williams Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55407 |
Amenities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|---|
| Parking | Parking Lot, Paved Lot |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Public Transit (w/in 6 blks), Tree Coverage - Light |
| Roof | Flat |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 134 |
|---|---|
| Zoning | Business/Commercial |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $36,592 |
Listing Details
| Office | Compass |
|---|