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    201 E Lake St Minneapolis, MN 55408

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    For Sale
    $1,990,000

    Mixed-use building in a prime Minneapolis location.

    Property size:
    19,268 SF
    Lot size:
    0.19 Acres

    Property Features for 201 E Lake St

    General Information

    Size
    19,268 SF
    Lot size
    0.19 Acres

    Source: Northstar Real Estate Agent James Yacoub

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Street Mixed-Use Building

    Located in the Lake Street area, this property presents an investment opportunity in Minneapolis. The building has a total area of 19,268 square feet, with 14,457 square feet above grade, providing space for commercial uses. The site is zoned C2 (Neighborhood Corridor Commercial District), allowing for a range of commercial activities. The property includes existing apartments on the 2nd and 3rd floors, adding a residential component.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lake Street Market ... Grocery Store MINNESOTA HALAL/FOOD INC Grocery Store A&D Food Market Store Flamingo Restaurant and Event ... Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2739039
    Latitude
    44.948057

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    FAQs

    What type of property is this?
    Apartment building - Mixed-use building in a prime Minneapolis location.
    Where is this apartment building located?
    The property is located at 201 E Lake St Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: - Prime location on Lake Street in a sought-after Minneapolis neighborhood.; - Substantial 19,268 sq ft suitable for diverse commercial uses.; - Flexible C2 zoning.
    (651) 398-7653
    Request Owner's contact information
    201 E Lake St 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
    201 E Lake St Minneapolis, MN 55408
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