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    7424 Lyndale Ave Richfield, MN 55423

    For Sale
    $500,000

    Prime location, high potential, C-2 zoning.

    Property size:
    2,019 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a 2,019 square foot property situated on a 0.52-acre lot at 7424 Lyndale Avenue S in Richfield, Minnesota. The property is zoned C-2, allowing for a variety of retail and service businesses. Currently improved with a single-family home, the site offers significant flexibility for future development. Buyers have the option of demolishing the existing structure to construct a new commercial building, perfectly suited for a new business venture. Alternatively, the existing improvements provide an affordable option for a start-up business seeking immediate occupancy. The property's location in Richfield offers excellent visibility and accessibility, making it an ideal choice for entrepreneurs and investors alike. This is a rare chance to acquire a versatile commercial lot in a thriving area with high growth potential. The 0.52-acre lot provides ample space for expansion or future development. The C-2 zoning ensures a wide range of permitted uses, maximizing the property's investment potential. Don't miss this chance to secure a prime piece of Richfield real estate. The asking price is $500,000. Serious inquiries only.

    Property Features for 7424 Lyndale Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,019 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carpet & Flooring USA ... Carpet Wholesaler

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2888
    Latitude
    44.86825

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high potential, C-2 zoning.
    Where is this commercial real estate located?
    The property is located at 7424 Lyndale Ave Richfield, MN.
    What is the asking price?
    The asking price for this property is $500,000.
    (651) 688-0000
    Request Owner's contact information
    7424 Lyndale Ave Richfield, MN 55423
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    Richfield, MN 55423
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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
    7424 Lyndale Ave Richfield, MN 55423
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