Mixed-Use Building with Retail
New
For Sale
$895,000
1517 W Lake Street, Minneapolis, MN 55408
Commercial Sale, Minneapolis, MN
Property SizeContact for details
Lot Size0.09 Acres
Days on Market2
Property Features for 1517 W Lake Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Rooms
Basement
Parking features
Guest, Driveway, Parking Lot, Assigned
Window features
Screens, Double Pane Windows, Insulated Windows, Window Coverings, Blinds
Exterior features
Brick/Stone, Wood
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
Amenities
Lower Level Storage
Building Details
Year built
1900
Roof type
Rubber, Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 829-2900
Listed By:
Julie A Trones · License #3085017
(612) 384-9019
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 5 at 9:06PM
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.
Investment Insights
Based on property information with market context.
Located at 1517 W Lake Street in Minneapolis, this mixed-use property combines approximately 1,065 square feet of main-level retail space with approximately 1,541 total square feet across the second- and third-floor apartment area. The building includes lower-level storage and a basement, with brick and wood exterior construction, central air, forced-air heating, and zoned heating. On-site parking includes a driveway, parking lot, assigned spaces, and guest parking, with an accessible approach ramp.
The 0.09-acre property sits two and a half blocks from Lake Bde Maka Ska and within Minneapolis’ Uptown area. Its urban setting places the commercial frontage along West Lake Street, while the upper-level residential layout adds a separate use component within the same building. Originally constructed in 1900, the property has a roof approximately 2 years old.
The 0.09-acre property sits two and a half blocks from Lake Bde Maka Ska and within Minneapolis’ Uptown area. Its urban setting places the commercial frontage along West Lake Street, while the upper-level residential layout adds a separate use component within the same building. Originally constructed in 1900, the property has a roof approximately 2 years old.
Key Highlights
- Approximately 1,065 square feet of main‑level retail space
- Approximately 1,541 total square feet across the second and third‑floor apartment
- 0.09‑acre mixed‑use property at 1517 W Lake Street
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,219
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick-and-wood property combines street-level commercial space with residential areas on the upper floors and lower-level storage.
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 total square feet across the second and third‑floor apartment; 0.09‑acre mixed‑use property at 1517 W Lake Street
