Multi-Level Corner Property with
3040 Lyndale Avenue S Minneapolis, MN 55408
3040 Lyndale Avenue S, Minneapolis, MN, 55408
$1,225,000
For Sale
$1,225,000
Two-address corner property with a flexible multi-level layout, on-site parking, and attached garage stalls under CM3 zoning.
Property Size7,600 SF
Price / SF$161.18
Days on Market234
Property Features for 3040 Lyndale Avenue S
General Information
- Standard status
- Active
- Size
- 7,600 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1930
Listing agency
(763) 352-5505
Listed by
Northstar Real Estate Associates
(763) 352-5505
Source
Xome
Added: Nov 30, 2025 Updated: Jul 21 at 9:45PM Checked: Jul 22 at 3:47AM
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 Northstar Real Estate Associates
Investment Insights
Based on property information with market context.
Welcome to 3040 Lyndale Avenue S and 3045 Aldrich Avenue S, offered as a rare two-address sale with a corner presence in the Lyn-Lake area. Both parcels benefit from abundant on-site parking, and the configuration includes attached garage stall(s) plus a flexible multi-level layout.
The property’s layout is designed to support separation between front and back functions, which may appeal to a range of retail, office, or service-oriented uses. Zoning is noted as CM3 in the provided remarks, and the asset is described as being well-suited for high-visibility street-facing activity.
Taken together, the two addresses and flexible configuration provide multiple ways to arrange operations across levels while leveraging the strong parking position on the site. This is a single ownership opportunity covering two parcels, with the stated goal of enabling an easy path to leasing, repositioning, or multi-tenant use under the CM3 zoning framework.
The property’s layout is designed to support separation between front and back functions, which may appeal to a range of retail, office, or service-oriented uses. Zoning is noted as CM3 in the provided remarks, and the asset is described as being well-suited for high-visibility street-facing activity.
Taken together, the two addresses and flexible configuration provide multiple ways to arrange operations across levels while leveraging the strong parking position on the site. This is a single ownership opportunity covering two parcels, with the stated goal of enabling an easy path to leasing, repositioning, or multi-tenant use under the CM3 zoning framework.
Key Highlights
- Two‑address corner property at 3040 Lyndale Ave S and 3045 Aldrich Ave S
- Flexible multi‑level layout designed for a range of uses, with built‑in separation for retail and operations
- CM3 zoning and flexible layout for potential retail, office, or other commercial concepts
Local Financial Insights For Healthcare Medical
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 | $182.4k | $24.00 |
| − Vacancy | −$18.2k | −$2.40 |
| EGI | $164.2k | $21.60 |
| − OpEx | −$65.7k | −$8.64 |
| NOI | $98.5k | $12.96 |
7,600 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.41M
$1.23M – $1.64M
NOI $98,496 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,924 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Top Shelf Custom ...
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Cannabis property - Two-address corner property with a flexible multi-level layout, on-site parking, and attached garage stalls under CM3 zoning.
Where is this cannabis property located?
The property is located at 3040 Lyndale Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Two‑address corner property at 3040 Lyndale Ave S and 3045 Aldrich Ave S; Flexible multi‑level layout designed for a range of uses, with built‑in separation for retail and operations; CM3 zoning and flexible layout for potential retail, office, or other commercial concepts
