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Mixed-Use Building with Salon Space
For Sale
Contact for pricing

614 W Lake Street, Minneapolis, MN 55408

Commercial Sale, Minneapolis, MN

Property SizeContact for details
Lot Size0.12 Acres
Days on Market268

Property Features for 614 W Lake Street

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Bedrooms 7
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 1, Bathroom 2, Bedroom 6, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 7, Bathroom 5
Subdivision Excelsior Add
High school district Minneapolis
Directions From I-94 take the Huron Blvd exit and head south. Continue onto Huron Blvd, then turn right on W Lake St. The property is located at 614 W Lake St, a few blocks down on the left.
Standard status Active
APN 3402924330107
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 72051

Utilities

Heating system Forced Air

Building Details

Year built 1900
Listing Agency: Keller Williams Realty Integrity Lakes
Listed By: Claire Shaw
Added: Jan 19 Changed: Oct 14 Last Checked: Oct 14 at 12:06PM
MLS# 7010897

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 mixed-use property combines apartments with second-generation salon space. Residential layouts include one-, two-, and three-bedroom units, and many apartments have city views. The commercial suite is configured for salon use. Forced-air heating serves the building, which was constructed in 1900.

The property occupies a 0.12-acre site at the corner of Lyndale Avenue and Lake Street in Minneapolis.

Key Highlights

  • Apartments offered in one-, two-, and three‑bedroom layouts
  • Second‑generation salon space in the commercial portion of the building
  • Built in 1900

Property Analytics

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Current Use

The Lasherie Hair Salon The Lasherie & Brow Lounge Hair Salon Laura Seaboy Esthetics ... Spa & Massage Center Emerald City Studio Hair Salon SuiteSpot Salonspa Hair Salon

Suggested Use

Top Pick Garden Center Pet Grooming Service HVAC Service (Bike/Boat/Book/etc) Store Tanning Salon Locksmith

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

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,773
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Residential units include one-, two-, and three-bedroom layouts alongside a commercial suite configured for salon use.
Where is this mixed-use property located?
The property is located at 614 W Lake Street Minneapolis, MN.
What are key features of this property?
This property features: Apartments offered in one-, two-, and three‑bedroom layouts; Second‑generation salon space in the commercial portion of the building; Built in 1900
More about this property
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