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    4215 E Lake St Minneapolis, MN 55406

    For Sale
    $1,950,000

    Commercial - Minneapolis, MN

    Lot size:
    0.40 Acres
    Days on Market:
    174
    Last Refresh:
    Dec 13 at 5:06 am

    Property Features for 4215 E Lake St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    0602823110025
    Parking features
    Driveway, Garage, Heated, Parking Lot
    Exterior features
    Block, Brick/Stone, Wood
    Appliances
    Microwave, Refrigerator
    Lot size
    0.40 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    1950
    Building materials
    Block
    Roof type
    Flat, Rubber
    Architectural style
    Other

    Keller Williams Integrity Realty (651) 203-1700 [email protected]

    Listing agent Chad Heer (651) 203-1700

    Listing date Jun 23, 2025

    MLS# 6733677 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

    Corner Lot in Longfellow Neighborhood

    This property offers the opportunity to own a highly visible 0.40-acre corner lot in the Longfellow neighborhood of Minneapolis, across the river from St. Paul, along Lake Street. The site is zoned CM2 - Corridor Mixed-use District, allowing for a variety of uses, ranging from residential redevelopment to a re-use of the existing 10,464 SF building. Currently, the property houses the longstanding HONDA TOWN retailer and service business. It features ample parking, dock and drive-in doors, plus open, high ceiling spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Honda Town Honda Dealer Honda Parts Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.211773
    Latitude
    44.94806

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    FAQs

    What type of property is this?
    Automotive property - Highly visible corner lot in Minneapolis' Longfellow neighborhood.
    Where is this automotive property located?
    The property is located at 4215 E Lake St Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Highly visible corner lot (0.40 Acre) in the desired Longfellow neighborhood.; - CM2 - Corridor Mixed-use District zoning allows for residential redevelopment or reuse of the existing building.; - Existing 10,464 SF building suitable for retail or service.
    (651) 203-1700
    Request Owner's contact information
    4215 E Lake St Minneapolis, MN 55406
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    Minneapolis, MN 55406
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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
    4215 E Lake St Minneapolis, MN 55406
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