3100 Lyndale Avenue N, Minneapolis, MN 55411

Building Details

Building Size 5,386 SF More

Year Built 1978 More

Year Renovated 2021 More

Stories 1 More

Units 1 More

Listing Agency: ScaleUp CRE k***@gmail.com Show Phone

Listed By: Ka Vang Show Phone

Source: Driveresultsrealty

Added: Jan 29 Changed: Nov 7 Last Checked: Nov 7 at 7:39PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 5,386-square-foot mixed-use building was constructed in 1978 and includes retail space, a commercial kitchen, a dining area, offices, and storage. In 2021, the attached garage was converted to additional office space with separate HVAC. That area may also be rented to other businesses. Two restrooms were added, bringing the building total to five, and the electrical and HVAC systems have been upgraded.

The property is in a dense residential area with access to major highways. Its zoning is Business/Commercial.

Key Highlights

• 5,386 SF mixed‑use building
• Retail area, commercial kitchen, dining space, offices, and storage
• Attached garage finished as office space with separate HVAC in 2021

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,031

Cap Rate

8.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,460,620 $1.5M

Cap Rate 7%

$1,043,300 $1.0M

Cap Rate 9%

$811,456 $811.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,386 SF

Gross rent

$100.2K $18.60/SF

− Vacancy

−$2.8K −$0.52/SF

EGI

$97.4K $18.08/SF

− OpEx

−$24.3K −$4.52/SF

NOI

$73.0K $13.56/SF

Area

Minneapolis, MN

Vacancy

2.80%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,460,620

Cap Rate 7%

$1,043,300

Cap Rate 9%

$811,456

Alternative Uses

Best Use

Specialty Retail

$1.04M

$912.9K – $1.22M (±1% cap)

NOI $73,031 @ 7.0% cap · market cap 8.11%

Second Best

Retail

$926.7K

$810.8K – $1.08M (±1% cap)

NOI $64,866 @ 7.0% cap · market cap 7.21%

Theoretical Best

Office A

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,949 @ 7.0% cap · market cap 9.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bangkok Market & Video ... Grocery & Convenience Store

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

644

Businesses Nearby

13k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 80% Shops & Services 14% Electronics 6%

Burger King Dining

10,143 visits/mo 0.4 miles

Napa Auto Parts Shops & Services

1,748 visits/mo 0.5 miles

Metro by T-Mobile Electronics

731 visits/mo 0.1 miles

Demographics for 55411, MN

31,214

Population

10,967

Households

2.8

Avg Household Size

28

Median Age

23%

College-Educated

81%

High-School Grad

4.0 sq mi

ZIP Area

7,804

Density / Sq Mi

$53,368

Median Household Income

$35,952

Median Earnings

$1,220

Median Rent

$233,500

Median Home Value

Market

Properties on Market for Mixed-use properties in Minneapolis

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Minneapolis, MN

5.8% 2019

6.4% 2020

5.7% 2021

4.9% 2022

4.2% 2023

3.7% 2024

4.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Business/commercial-zoned space brings together retail, dining, office, and storage areas.

Where is this mixed-use property located?

The property is located at 3100 Lyndale Avenue N Minneapolis, MN.

What is the asking price?

The asking price for this property is $899,999.

What are key features of this property?

This property features: 5,386 SF mixed‑use building; Retail area, commercial kitchen, dining space, offices, and storage; Attached garage finished as office space with separate HVAC in 2021