Retail Storefront with On-Site
For Sale
$900,000
2925 Lyndale Ave S, Minneapolis, MN 55408
Retail storefront property on Lyndale Avenue in C3A zoning, with detached garage and on-site parking.
Property Size2,560 SF
Days on Market52
Property Features for 2925 Lyndale Ave S
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Retail
Zoning
C3A
Additional Details
Road Access
Yes
Building Details
Building Size
2,560 SF
Year Built
1945
Stories
1
Listing Agency:
Kenwood Commercial
Listed By:
Michael Doyle
Source:
Commercialcafe
Added: Jul 24
Changed: Sep 8
Last Checked: Sep 12 at 4:27AM
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 Kenwood Commercial
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale in C3A zoning, which allows for a variety of commercial uses. The site includes a detached garage and on-site parking to support day-to-day operations.
The property is located on Lyndale Avenue with prime frontage, providing visibility and accessibility. It sits in a walkable Minneapolis district and is surrounded by retail, restaurant, and entertainment amenities along the Lyn-Lake corridor. Access to Uptown and Downtown Minneapolis is supported via major arterial routes, with multiple mass transportation options available nearby.
The offering is a retail storefront configuration totaling 2,460 square feet, supported by on-site parking and an additional detached garage.
The property is located on Lyndale Avenue with prime frontage, providing visibility and accessibility. It sits in a walkable Minneapolis district and is surrounded by retail, restaurant, and entertainment amenities along the Lyn-Lake corridor. Access to Uptown and Downtown Minneapolis is supported via major arterial routes, with multiple mass transportation options available nearby.
The offering is a retail storefront configuration totaling 2,460 square feet, supported by on-site parking and an additional detached garage.
Key Highlights
- C3A zoning allows for a variety of commercial uses
- Retail storefront property on Lyndale Avenue with on‑site parking
- Detached garage and on‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,831
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,620
$616.6K
Cap Rate 7%
$440,443
$440.4K
Cap Rate 9%
$342,567
$342.6K
Market Conditions
NOI Build-Up for 2,560 SF
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.
Gross rent
$47.6K $18.60/SF
− Vacancy
−$3.6K −$1.40/SF
EGI
$44.0K $17.21/SF
− OpEx
−$13.2K −$5.16/SF
NOI
$30.8K $12.04/SF
Area
Minneapolis, MN
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,620
Cap Rate 7%
$440,443
Cap Rate 9%
$342,567
Alternative Uses
Best Use
Retail
$440.4K
$385.4K – $513.9K
NOI $30,831 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$610.8K
$534.4K – $712.6K
NOI $42,753 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,773
Businesses Nearby
133k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 37%
Shops & Services 15%
Apparel 3%
Cub Foods
Groceries
30,982 visits/mo
0.3 miles
Aldi
Groceries
21,610 visits/mo
0.4 miles
McDonald's
Dining
16,650 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
14,647 visits/mo
0.3 miles
Speedway
Shops & Services
14,134 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
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property on Lyndale Avenue in C3A zoning, with detached garage and on-site parking.
Where is this storefront property located?
The property is located at 2925 Lyndale Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: C3A zoning allows for a variety of commercial uses; Retail storefront property on Lyndale Avenue with on‑site parking; Detached garage and on‑site parking included
