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Freestanding Office Building
For Sale
$1,250,000
Pending

3702 E Lake Street, Minneapolis, MN 55406

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.24 Acres
Days on Market93

Property Features for 3702 E Lake Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Business/Commercial
Rooms Basement
Parking features Offsite, Covered
Accessibility Accessible Elevator Installed
Subdivision Nesbitts Add
Lot features Corner Lot
High school district Minneapolis
Directions Lake Street to 37th Avenue, the property is on the North side corner. Off street parking behind building.
Standard status Pending
APN 3102923340100
Lot size 0.24 Acres

Additional Details

Tenant in Place Yes
Property Use Office

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 307

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

Kitchenette
Conference Room

Building Details

Year built 1957
Roof type Flat
Buildings 1
Listing Agency: Keller Williams Realty Integrity Lakes
Listed By: Chad E Heer
Added: Jul 28 Changed: Oct 23 Last Checked: Oct 28 at 4:06AM
MLS# 7117531

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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

Investment Insights

Based on property information with market context.

This freestanding office property sits on a 0.24-acre corner lot and offers space across three levels. The building includes an elevator, a lower-level kitchenette and conference room, and a main-level entrance with natural light. One smaller tenant currently occupies the property and is expected to leave when it sells, allowing the next owner to consider either single-tenant or multi-tenant occupancy.

Built in 1957, the building has 14 off-street parking stalls, forced-air heating, and central air conditioning. The property is located on Lake Street in Minneapolis.

Key Highlights

  • Three‑level office building on a 0.24‑acre corner lot
  • 14 off‑street parking stalls
  • Elevator installed for accessibility

Property Analytics

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

Current Use

CAPI USA - South ... Social Service Agency COPAL MN - Minneapolis Charitable Organization Southside Services Charitable Organization

Suggested Use

Top Pick Law Firm Hair Salon Real Estate Agency Nail Salon Grocery & Convenience Store HVAC Service

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

819
Businesses Nearby

Demographics for 55406, MN

34,588
Population
17,439
Households
2
Avg Household Size
39
Median Age
56%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
6,918
Density / Sq Mi
$91,865
Median Household Income
$56,291
Median Earnings
$1,276
Median Rent
$335,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Three levels, an elevator, and off-street parking support flexible single- or multi-tenant occupancy.
Where is this office building located?
The property is located at 3702 E Lake Street Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑level office building on a 0.24‑acre corner lot; 14 off‑street parking stalls; Elevator installed for accessibility
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