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    Property profile

    614 Lake St Minneapolis, MN 55408

    OFF-MARKET
    Other office properties
    1,200 SF
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    Property summary

    AI-generated overview

    A historic mixed-use building located at the corner of Lyndale Avenue and Lake Street, configured for both residential and commercial use. The residential portion includes one-, two-, and three-bedroom apartment units, with many units oriented to provide city views. The commercial space is a second-generation salon/beauty suite suited to uses such as hair styling, lash services, nail services, and other beauty-industry professional services.

    Property profile

    Verified
    Property type Other office properties
    Total area 1,200 SF

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Current use

    Occupant on record · Public records
    • Hair Salon
    • Hair Salon
    • Spa & Massage Center Alternative Medicine Practice
    • Hair Salon Spa & Massage Center
    • Hair Salon
    5 occupants on record

    Location

    614 Lake St Minneapolis, MN 55408
    Minneapolis metro
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request

    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation by Request
      170,000 SF
      1125 Lagoon Ave
      Restaurants
      1125 Lagoon Ave, Minneapolis, MN 55408
      View Details
    • Value Estimation by Request
      25,891 SF
      1422 Lake St
      Office Units
      1422 Lake St, Minneapolis, MN 55408
      View Details
    • Value Estimation
      $260,000
      0.83 Acres
      2840 Bryant Ave Sg30
      RESIDENTIAL PARKING GARAGE
      2840 Bryant Ave Sg30, Minneapolis, MN 55408-2187
      View Details
    • Value Estimation
      $250,000
      0.83 Acres
      2840 Bryant Ave Sg74
      RESIDENTIAL PARKING GARAGE
      2840 Bryant Ave Sg74, Minneapolis, MN 55408-2187
      View Details
    • Value Estimation
      $255,000
      0.83 Acres
      2840 Bryant Ave Sg82
      RESIDENTIAL PARKING GARAGE
      2840 Bryant Ave Sg82, Minneapolis, MN 55408-2187
      View Details
    • Value Estimation
      $250,000
      0.83 Acres
      2840 Bryant Ave Sg72
      RESIDENTIAL PARKING GARAGE
      2840 Bryant Ave Sg72, Minneapolis, MN 55408-2187
      View Details

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      16,053 SF
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      Building includes an in-place anchor tenant, plus about 5,000 SF retail/office space and upper-level office.
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    Similar Nearby for Lease

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      6,677 sqft
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    • New
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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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