1936 Lyndale Ave Minneapolis, MN 55403
- Commercial real estate
- 70,137 SF
- 2.08 lot acres
Current Use by Public Records
- Terre Tile / Tile Store
- DBSM / Home Health Care Service
Property Details for 1936 Lyndale Ave
- Year built
- 1900
- Construction
- CONCRETE
- Lot size
- 2.08 lot acres
- Property size
- 70,137 SF
- Zone code
- C2
- Property type
- Commercial real estate
- APN
- 28-029-24-44-0005
- APU
- 2802924440005
Description
The Watkins Building, a fully renovated industrial property at 1936 Lyndale Avenue South in Minneapolis' Lowry-East neighborhood, offers 89,016 square feet of flexible space. This single, two-story building, originally constructed in 1900 and extensively renovated in 2023, boasts a blend of brick and timber architecture, creating a unique aesthetic. The property features open industrial finishes, abundant natural light, and updated common areas and tenant finishes. With a C2 zoning designation, the building is highly versatile, accommodating a variety of uses including office, creative office, retail, storage/warehouse, and production/assembly. Spaces range from a minimum of 750 square feet to a maximum contiguous space of 15,615 square feet, with 57,413 square feet currently vacant. The building includes two loading docks and three dock-high doors, along with ample free onsite parking. Ceiling heights range from 11 to 18 feet. Situated on a 2.05-acre lot (89,298 square feet) in Hennepin County's MN - West submarket, this property presents a compelling opportunity for businesses seeking modern, flexible space in a vibrant urban setting. The building's sandblasted wood and brick finishes contribute to its distinctive character. Twelve spaces are currently available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,960,000
- 6.5%
- $2,745,000
- 7%
- $3,005,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,640,000
- Geo Method
- $2,860,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,080,000
- Retail
- $2,760,000
- Mixed-Use
- $2,920,000
- Hospitality
- $2,485,000
- Educational
- $3,135,000
- Residential Income
- $3,060,000
- Energy
- $3,060,000
- Income-Based Land
- $2,830,000
- Food Service
- $2,675,000
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2887
- Latitude
- 44.9635
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
