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Mixed-Use Retail Building
For Sale
$895,000

1517 W Lake Street, Minneapolis, MN 55408

Street-level retail space pairs with upper-level residential income potential along West Lake Street.

Property SizeContact for details
Days on Market10

Property Features for 1517 W Lake Street

General Information

Standard status Active
Property subtype Commercial

Additional Details

Road Access Yes

Building Details

Year Built 1900
Listing Agency: RE/MAX Results
Listed By: The Antonov Group · License #327164
Source: Theantonovgroup
Added: Sep 4 Changed: Sep 12 Last Checked: Sep 12 at 8:00AM

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 RE/MAX Results

Investment Insights

Based on property information with market context.

This 2,740-square-foot mixed-use property combines a street-facing retail component with residential space on the upper level. The configuration supports both commercial activity at grade and residential income above within the same building.

The property is located at 1517 Lake St W in Minneapolis, within the Uptown area and along West Lake Street. Its setting places the building within an urban trade area near an established commercial corridor.

Key Highlights

  • 2,740‑square‑foot mixed‑use building
  • Street‑level retail component
  • Upper‑level residential income potential

Property Analytics

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Current Use

Calhoun Beach Framing (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Pet Grooming Service Garden Center Locksmith Butcher Electrical Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,219
Businesses Nearby
104k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 52% Dining 33% Shops & Services 9% Hotels & Casinos 3%
Cub Foods Groceries
30,982 visits/mo 0.4 miles
Lunds & Byerlys Groceries
23,584 visits/mo 0.1 miles
McDonald's Dining
16,650 visits/mo 0.2 miles
Chipotle Mexican Grill Dining
10,300 visits/mo 0.5 miles
Wells Fargo Shops & Services
5,169 visits/mo 0.1 miles

Demographics for 55408, MN

33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Minneapolis, MN

5.8% 2019
6.4% 2020
5.7% 2021
4.9% 2022
4.2% 2023
3.7% 2024
4.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level retail space pairs with upper-level residential income potential along West Lake Street.
Where is this mixed-use property located?
The property is located at 1517 W Lake Street Minneapolis, MN.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,740‑square‑foot mixed‑use building; Street‑level retail component; Upper‑level residential income potential
More about this property
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