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    1623 W Lake St Minneapolis, MN 55408

    For Sale
    $1,445,000

    Commercial - Minneapolis, MN

    Lot size:
    0.14 Acres
    Days on Market:
    213
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 1623 W Lake St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial,Residential-Multi-Family
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    10
    APN
    0402824210042
    Parking features
    Driveway, Garage, Garage - Detached
    Appliances
    Range, Refrigerator
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Baseboard, Other (Heating)

    Building Details

    Year built
    1917
    Flooring type
    Wood
    Building materials
    Block, Frame
    Architectural style
    Other

    Integrity Lake Minnetonka Holdings, LLC (952) 475-0111 [email protected]

    Listing agent Rick G Bateson (952) 475-0111

    Listing date May 15, 2025

    MLS# 6338422 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Minneapolis Mixed-Use Commercial Property

    A mixed-use property is available for sale in Minneapolis, Minnesota. The property is zoned for business, commercial, and residential multi-family use. The lot size is 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Panaderia San Miguel Bakery Rolling Soles Skate Shop

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.303005
    Latitude
    44.948196

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property for sale in Minneapolis, Minnesota.
    Where is this mixed-use property located?
    The property is located at 1623 W Lake St Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,445,000.
    What are key features of this property?
    This property features: - Mixed-use property; - Garage - Detached; - Beautiful wood flooring
    (952) 475-0111
    Request Owner's contact information
    1623 W Lake St Minneapolis, MN 55408
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    Minneapolis, MN 55408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1623 W Lake St Minneapolis, MN 55408
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