Mixed-Use Building with Retail
For Sale
$895,000
1517 W Lake Street, Minneapolis, MN 55408
Commercial Sale, Minneapolis, MN
Property Size1,065 SF
Lot Size0.09 Acres
Price / SF$840.38
Days on Market48
Property Features for 1517 W Lake Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Business/Commercial
Rooms
Basement
Parking features
Driveway, Guest, Parking Lot, Assigned
Window features
Double Pane Windows, Insulated Windows, Window Coverings, Blinds, Screens
Patio and Porch features
Deck, Porch
Accessibility
Accessible Approach with Ramp
Appliances
Microwave, Range, Refrigerator, Stainless Steel Appliances
Subdivision
Calhoun Park
High school district
Minneapolis
Directions
South side of West Lake Street. Between Irving and Humbolt
Standard status
Active
APN
0402824210031
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
20716
Utilities
Heating system
Zoned, Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Roof type
Shingle, Rubber
Listing Agency:
RE/MAX Results · RE/MAX International
Listed By:
Julie A Trones
(952) 829-2900
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 21 at 11:06PM
MLS# 7134821
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 1517 W Lake Street combines approximately 1,065 square feet of main-level retail with an apartment spanning the second and third floors. The apartment totals approximately 1,541 square feet, and a lower-level area provides storage. The building dates to 1900 and sits on a 0.09-acre lot; its roof is approximately 4 years old.
The property is on West Lake Street in Minneapolis, approximately two and a half blocks from Lake Bde Maka Ska and at the edge of the Uptown area. The upper-floor residential space and street-level commercial area are part of the same building.
The property is on West Lake Street in Minneapolis, approximately two and a half blocks from Lake Bde Maka Ska and at the edge of the Uptown area. The upper-floor residential space and street-level commercial area are part of the same building.
Key Highlights
- Approximately 1,065 square feet of main‑level retail space
- Approximately 1,541 square feet of apartment space across the second and third floors
- Lower‑level storage area
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,219
Businesses Nearby
104k
Monthly Visits Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail is paired with apartment space on the two upper floors.
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: Approximately 1,065 square feet of main‑level retail space; Approximately 1,541 square feet of apartment space across the second and third floors; Lower‑level storage area
