Two-Story Restaurant
501 East Lake Street, Minneapolis, MN 55408
For Sale
Contact for pricing
A wine and beer license accompanies the restaurant and bar property.
Property SizeContact for details
Days on Market37
Property Features for 501 East Lake Street
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Liquor License
Building Details
Stories
Listing Agency:
Commercial Equities Group Inc
Listed By:
Jeff Salzbrun
(612) 428-3333
Source:
Crexi
Added: Oct 5
Changed: Nov 9
Last Checked: Nov 9 at 2:04PM
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 Commercial Equities Group Inc
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Investment Insights
Based on property information with market context.
This two-story restaurant property includes a wine and beer license and is configured for restaurant and bar use. The license and existing building are the principal features described for the property.
The building occupies the signalized intersection of 5th Avenue S and E Lake Street in Minneapolis’s East Phillips neighborhood. It is a few blocks from I-35W, with I-94 and Highway 55 also among the nearby major routes. Lake Street runs through a corridor with residential, commercial, and community-oriented activity.
The building occupies the signalized intersection of 5th Avenue S and E Lake Street in Minneapolis’s East Phillips neighborhood. It is a few blocks from I-35W, with I-94 and Highway 55 also among the nearby major routes. Lake Street runs through a corridor with residential, commercial, and community-oriented activity.
Key Highlights
- Two‑story restaurant and bar property
- Wine and beer license included
- At the signalized intersection of 5th Avenue S and E Lake Street
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
4,259
Businesses Nearby
119k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 41%
Beauty & Spa 1%
McDonald's
Dining
26,957 visits/mo
0.3 miles
Taco Bell
Dining
19,009 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,867 visits/mo
0.4 miles
U.S. Bank
Shops & Services
10,842 visits/mo
0.4 miles
Panera Bread
Dining
9,261 visits/mo
0.5 miles
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
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Market
Properties on Market for Conventional restaurants in Minneapolis
Vacancy Rate% for Retail in Minneapolis, MN
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A wine and beer license accompanies the restaurant and bar property.
Where is this conventional restaurant located?
The property is located at 501 East Lake Street Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑story restaurant and bar property; Wine and beer license included; At the signalized intersection of 5th Avenue S and E Lake Street
