701 W Lake Street

Estimated Monthly Payment: $12,257/mo 701 W Lake Street, Minneapolis, MN 55408 MLS# 5617158 Commercial Listing Status: Active
10,320 sqft

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REMARKS:

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.

OVERVIEW:

Commercial
Active
None
Apartments and Retail
South Uptown
Auditors Sub 040
1901
10320
0.08
Brick/Stone
Forced Air
Natural Gas, Electric
80x45
Heating Separate, Electric Separate, Electric Common, Hot Water Separate
City Water - In Street
City Sewer - In Street
Restaurant, Residential

FEATURES:

Leases, Building, Land

SCHOOLS:

Minneapolis - 1

FINANCIAL:

$1,950,000
$40,374
2019
$61,341

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity  Courtesy of Standard Commercial 

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home evaluation.

Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Simply Sold shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2020  Northstar MLS. All rights reserved. Data last updated 11/26/2020, 5:20:56 PM.