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    3307 Lake St E Minneapolis, MN 55408

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    For Sale
    $1,200,000

    High-demand location with development potential or retail repurposing.

    Property size:
    12,911 SF
    Lot size:
    0.51 Acres

    Property Features for 3307 Lake St E

    General Information

    Size
    12,911 SF
    Lot size
    0.51 Acres

    Source: Gold Group Realty LLC Agent Aaron Goldstein

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

    Overview

    Lake Street Retail Opportunity

    Located on Lake Street, this property occupies over half an acre, spanning two-thirds of a block. For 25 years, the site has been home to an established auto parts store. The existing building offers over 7,500 square feet above ground, featuring ceiling heights ranging from 18 to 30 feet. An additional 4,000 square feet in the basement, with 10-foot ceilings, provides storage, inventory, or workspace. A back addition includes further storage, separate heating, and an overhead door leading to a secured and fenced parking area. An off-street parking lot accommodates an estimated 25 cars. The current tenant has a NNN lease through February 2026. The property presents a development opportunity or the potential to repurpose the building for uses such as daycare or other retail applications.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    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.

    Similar Places Nearby

    Sandberg Imports, Alexander's Import Auto Repair, Roy's Repair, CEDAR TOWING & AUCTION, Pop's Repair & Restorations

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2236999
    Latitude
    44.9481669

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    FAQs

    What type of property is this?
    Auto shop - High-demand location with development potential or retail repurposing.
    Where is this auto shop located?
    The property is located at 3307 Lake St E Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High-demand Lake Street location on over half an acre.; - Large 7,500+ sq ft building with **18-30 ft ceiling heights**.; - Development opportunity or repurpose for retail/daycare.
    (612) 382-4774
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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
    3307 Lake St E Minneapolis, MN 55408
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