Retail Storefront
2929 LYNDALE AVE S Minneapolis, MN 55408
2929 LYNDALE AVE S, Minneapolis, MN, 55408
Contact for pricing
For Sale
Contact for pricing
For-sale retail storefront property presented as a dedicated retail space.
Property Size4,899 SF
Price / SF$265.36
Days on Market23
Property Features for 2929 LYNDALE AVE S
General Information
- Standard status
- Active
- Size
- 4,899 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1918
Listing Agency
Kenwood Commercial
Listed by
Michael Doyle · License #MN
Source
Crexi
Added: Jun 29 Updated: Jul 20 at 5:49 pm Checked: Jul 20 at 5:49 pm
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 for-sale retail storefront property is offered as a dedicated retail space. The property is categorized as a storefront within the broader retail property and commercial real estate categories.
The asset is located at 2929 LYNDALE AVE S in Minneapolis, MN 55408. It is being marketed for sale with an identified property size of 4,899 square feet.
As presented, this listing offers a straightforward retail storefront format for buyers seeking an on-market retail space in the Minneapolis area.
The asset is located at 2929 LYNDALE AVE S in Minneapolis, MN 55408. It is being marketed for sale with an identified property size of 4,899 square feet.
As presented, this listing offers a straightforward retail storefront format for buyers seeking an on-market retail space in the Minneapolis area.
Key Highlights
- Dedicated retail storefront property
- Built in 1918
Local Financial Insights For Retail
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 | $91.1k | $18.60 |
| − Vacancy | −$6.8k | −$1.40 |
| EGI | $84.3k | $17.21 |
| − OpEx | −$25.3k | −$5.16 |
| NOI | $59.0k | $12.04 |
4,899 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$842.9K
$737.5K – $983.4K
NOI $59,001 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,816 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bloody Gorgeous by ...
Hair Salon
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FAQs
What type of property is this?
Storefront property - For-sale retail storefront property presented as a dedicated retail space.
Where is this storefront property located?
The property is located at 2929 LYNDALE AVE S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Dedicated retail storefront property; Built in 1918
