2937 Lyndale Ave Minneapolis, MN 55408
- Commercial real estate
- 9,120 SF
- 0.11 lot acres
Current Use by Public Records
- Jill P. Field, DC / Chiropractor
- Joel Blomberg / Chiropractor
- Steven J. Eckstein, DC / Chiropractor
- Level 10 Management / Property Management Company
- Molly L. Barrett, CMT / Massage Therapist
Property Details for 2937 Lyndale Ave
- Year built
- 1909
- Construction
- CONCRETE
- Lot size
- 0.11 lot acres
- Property size
- 9,120 SF
- Zone code
- C3A
- Property type
- Commercial real estate
- APN
- 34-029-24-33-0111
- APU
- 3402924330111
Description
This exceptional creative office building, located at the bustling intersection of Lyndale and Lake Street in Uptown Minneapolis, Hennepin County, offers two available suites totaling 4,321 square feet of vacant space within a 15,589 square foot building. Built in 1909, this two-story building boasts a prime location with high traffic visibility. The suites feature large windows providing abundant natural light, creating a bright and inspiring work environment. A convenient side entrance ensures easy access for office tenants, separate from other building occupants. The property sits on one acre of land. This location offers unparalleled convenience, with easy access to public transportation via Metro Transit bus routes and the Midtown Greenway bike path. Enjoy the vibrant atmosphere of Uptown, with its diverse selection of restaurants, shops, and entertainment options all within walking distance. The building's unique character and desirable location make it an ideal space for creative businesses seeking a dynamic and accessible workspace. Suite sizes range from 2,020 to 2,301 square feet, offering flexibility for various business needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,030,000
- 6.5%
- $2,095,000
- 7%
- $2,145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,345,000
- Geo Method
- $2,295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,115,000
- Retail
- $2,125,000
- Mixed-Use
- $1,980,000
- Hospitality
- $2,075,000
- Educational
- $1,685,000
- Residential Income
- $2,180,000
- Energy
- $1,900,000
- Income-Based Land
- $1,730,000
- Food Service
- $1,860,000
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.2877
- Latitude
- 44.9491
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
