3542 E Lake St Minneapolis, MN

The property features an existing 4,990 square foot retail building constructed in 1915, offering established commercial presence and visibility on a high-traffic corner. The 8,026 square foot lot, approximately 0.18 acres, provides space for the existing building and potential for redevelopment. Zoned CM2 for Community Mixed Use, the property allows for diverse uses, including retail, office, and higher-density residential, making it suitable for mixed-use developments. The location on East Lake Street provides accessibility for retail operations. Childcare centers are permitted in CM2 zoning, with Brackett Park located two blocks directly North, and the existing building size could be adapted for a childcare facility, subject to meeting Minneapolis's requirements. The CM2 zoning encourages higher-density residential uses, making the property suitable for redevelopment into an apartment building, potentially with ground-floor retail. The property benefits from high traffic exposure and a nearby 4-way bus stop. It is located within the Longfellow and Seward neighborhoods, with various points of interest and other retail businesses in the immediate vicinity. The property has potential for central air, natural gas heating, and public sewer/water access. It presents potential for continued retail use, adaptation for childcare, or redevelopment into a mixed-use project incorporating apartments, leveraging its strategic location and favorable CM2 zoning.