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    Lyndale Avenue Retail Investment Opportunity Title is generated by Realmo AI

    2600-2614 Lyndale Ave S, Minneapolis, MN

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    For Sale
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    Retail portfolio with established tenants in Lowry Hills neighborhood.

    Type:RETAIL
    Property size:
    33,591 SF
    Lot size:
    0.71 Acres
    Price / SF:
    $193/SF
    Added:
    Sep 5, 2023
    Days on Market:
    990
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 2600-2614 Lyndale Ave S

    General Information

    Standard status
    Active
    Size
    33,591 SF
    Lot size
    0.71 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 2600-2614 Lyndale Ave S Contact us

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    Listing Contact
    Michael Palm

    Listing agent Michael Palm

    Listing office Palm Commercial Brokerage

    Listing date Sep 5, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Palm Commercial Brokerage

    HighLights

    • Portfolio includes tenants French Meadow Bakery and CC Club.
    • Located at 2600‑2614 Lyndale Avenue in Lowry Hills Neighborhood.
    • Investment opportunity.
    • Price Reduced.
    • Strictly confidential sale.
    • Confidentiality Agreement required for potential buyers.

    Overview

    This portfolio of real estate, located at 2600-2614 Lyndale Avenue in the Lowry Hills Neighborhood, features tenants including French Meadow Bakery and the CC Club. The property offers an investment opportunity. The property has a size of 33591 square feet.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $5.06M
    NOI $455,474 @ 9.00% cap · cautious / downside scenario
    Moderate
    $6.51M
    NOI $455,474 @ 7.00% cap · market / base-case scenario
    Aggressive
    $9.11M
    NOI $455,474 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
    Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $624.8k $18.60
    − Vacancy −$17.5k −$0.52
    EGI $607.3k $18.08
    − OpEx −$151.8k −$4.52
    NOI $455.5k $13.56
    33,591 SF · lease $18.60/SF/yr · vacancy 2.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $6.51M
    $5.69M – $7.59M (±1% cap)
    NOI $455,474 @ 7.0% cap · market cap 7.01%
    Second Best
    Retail
    $5.78M
    $5.06M – $6.74M (±1% cap)
    NOI $404,553 @ 7.0% cap · market cap 6.23%
    Theoretical Best
    Office A
    $8.01M
    $7.01M – $9.35M (±1% cap)
    NOI $560,988 @ 7.0% cap · market cap 8.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2885
    Latitude
    44.9554

    FAQs

    What type of property is this?
    Retail space - Retail portfolio with established tenants in Lowry Hills neighborhood.
    Where is this retail space located?
    The property is located at 2600-2614 Lyndale Ave S Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $6,495,000.
    What are key features of this property?
    This property features: Portfolio includes tenants French Meadow Bakery and CC Club.; Located at 2600‑2614 Lyndale Avenue in Lowry Hills Neighborhood.; Investment opportunity.
    (612) 819-0706 Call to check price and availability
    More about this property
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