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Corner Office Building with Elevator
For Sale
$1,250,000

3702 E Lake Street, Minneapolis, MN 55406

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.24 Acres
Days on Market47

Property Features for 3702 E Lake Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Rooms Basement
Parking features Covered, Offsite
Exterior features Brick/Stone
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 Active
APN 3102923340100
Lot size 0.24 Acres

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
Listing Agency: Keller Williams Realty Integrity Lakes
Listed By: Chad E Heer · License #40427410
Added: Jul 28 Changed: Sep 12 Last Checked: Sep 12 at 4:06PM
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.

Investment Insights

Based on property information with market context.

This standalone office building was constructed in 1957 and occupies a corner lot. The three-level layout includes a lower-level kitchenette and conference room, while the main-floor entry provides a light-filled arrival area. Brick and stone exterior construction, a flat roof, forced-air heating, and central air conditioning are in place. An accessible elevator serves the building, and the property includes a basement.

The site offers a 14-stall off-street parking lot and is positioned on Lake Street in Minneapolis. The current nonprofit owner occupies the building, with one smaller tenant expected to vacate upon sale. The property can remain configured for multiple occupants or be used by a single owner-user, subject to the applicable arrangements.

Key Highlights

  • Standalone office building on a corner lot
  • 14‑stall off‑street parking lot
  • Accessible elevator installed

Property Analytics

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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

Yes
Paved road access

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Three-level office property with a lower-level kitchenette, conference room, and accessible elevator.
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: Standalone office building on a corner lot; 14‑stall off‑street parking lot; Accessible elevator installed
More about this property
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