4912 Lake St Minneapolis, MN 55406
- Retail properties
- 6,729 SF
- 0.15 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4912 Lake St
- Lot size
- 0.15 lot acres
- Property size
- 6,729 SF
- Property type
- Retail properties
Description
This exceptional used car lot, operating successfully for over 30 years, presents a unique investment opportunity. Located on a high-visibility corner of East Lake Street in Minneapolis, MN, this property boasts 6,729 square feet on a 0.15-acre lot, capable of holding 40+ vehicles. The 1,500 square foot building includes two service bays with a car lift, updated electrical systems, office spaces, and a private restroom. The property features 42 parking spaces and benefits from its proximity to Honda Town and its placement between two residential neighborhoods. The permitted zoning for a used car lot is a rare find. The asking price for the property is $800,000; an option to purchase the established business is also available for $850,000. The property's address is 4912 E Lake St, Minneapolis, MN 55406, and the APN is 0602823110042. The building was renovated in 2009. This is a turnkey operation in a prime location with significant potential for continued success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2044
- Latitude
- 44.949
