Retail/Office Building with Dock
2922 Lyndale Ave S Minneapolis, MN 55408
New
2922 Lyndale Ave S, Minneapolis, MN, 55408
$2,195,000
For Sale
$2,195,000
For sale in Minneapolis, this retail/office building includes an enclosed dumpster storage area and a single 8' x 8' dock door.
Property Size15,930 SF
Lot Size0.12 Acres
Price / SF$137.79
Days on Market7
Property Features for 2922 Lyndale Ave S
General Information
- Standard status
- Active
- Size
- 15,930 SF
- Lot size
- 0.12 Acres
- Property subtype
- retail
Listing agency
Minneapolis
(612) 217-5156
Listed by
Zac Hoang · License #40396065
(612) 217-5156
Source
Property.jll
Added: Jul 16 Updated: Jul 22 at 1:36AM Checked: Jul 22 at 2:20AM
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 Minneapolis
Investment Insights
Based on property information with market context.
Now available for sale, this retail/office property at 2922 Lyndale Ave S in Minneapolis, MN offers a combined retail and office configuration totaling 15,930 square feet on a 0.12-acre lot.
The building features loading with one (1) 8' x 8' dock door. An enclosed dumpster storage area is also provided.
This is a straightforward option for buyers seeking a mixed retail and office setup with on-site loading and waste storage.
The building features loading with one (1) 8' x 8' dock door. An enclosed dumpster storage area is also provided.
This is a straightforward option for buyers seeking a mixed retail and office setup with on-site loading and waste storage.
Key Highlights
- Retail/office building for sale at 2922 Lyndale Ave S in Minneapolis
- 0.12‑acre lot
- Includes an enclosed dumpster storage area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $332.6k | $20.88 |
| − Vacancy | −$67.2k | −$4.22 |
| EGI | $265.4k | $16.66 |
| − OpEx | −$66.4k | −$4.17 |
| NOI | $199.1k | $12.50 |
15,930 SF · lease $20.88/SF/yr · vacancy 20.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.84M
$2.49M – $3.32M
NOI $199,072 @ 7.0% cap · market cap 9.07%
Second Best
Retail
$2.74M
$2.40M – $3.20M
NOI $191,853 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$3.80M
$3.33M – $4.43M
NOI $266,040 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GHQ Models
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For sale in Minneapolis, this retail/office building includes an enclosed dumpster storage area and a single 8' x 8' dock door.
Where is this retail space located?
The property is located at 2922 Lyndale Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Retail/office building for sale at 2922 Lyndale Ave S in Minneapolis; 0.12‑acre lot; Includes an enclosed dumpster storage area
