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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    2933 Lyndale Ave S, Minneapolis, MN 55408

    3,632 SF 0.11 ac lot Built 1920
    Individually Owned 25-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US46-0791959
    Property summary
    AI-generated overview

    This exceptional restaurant opportunity is located at 2933 Lyndale Ave S in Minneapolis, Minnesota, within the desirable Lynn Lake neighborhood. The property boasts a spacious 3,550 square feet of interior space, perfectly suited for a thriving culinary establishment. Built in 1920, the building sits on a 0.11-acre lot, offering convenient access and visibility. The property's prime location along Lyndale Avenue ensures high foot traffic and excellent exposure to potential customers. The sale includes the option of purchasing the existing furniture, fixtures, and equipment (FF&E), providing a seamless transition for a new owner. Ample parking is readily available, with an adjacent public parking lot and convenient street parking options. The asking price for this turn-key restaurant is $1,500,000. This presents a unique chance to acquire a well-established restaurant in a vibrant Minneapolis location. The property is zoned for restaurant use and is ready for immediate operation. Don't miss this chance to own a piece of Minneapolis' culinary scene. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1920
    Construction CONCRETE
    Total area 3,632 SF
    Lot 0.11 ac (4,792 SF)
    Zoning code C3A
    APN 34-029-24-33-0112
    UPID US46-0791959
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Priceless Numismatics Store Department Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $630k
    Comparable Approach Comparable
    $509k
    Blend (final) Blend
    $625k
    Owner & transaction history
    Jon E Wiczling · 25 yrs held
    Jon E Wiczling
    since 2000
    2 recorded transactions
    2000
    $265,000
    1969
    Zoning & alternative use
    C3A · Minneapolis, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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