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Property profile

1439 W Lake St Minneapolis, MN 55408

Commercial real estate
Property ID
US46-0603967
View Sample
6,781 SF 0.09 ac lot Built 1953
Entity Owned 18-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional Class A commercial building, located at 1439 W Lake St in Minneapolis, MN 55408, offers 8,100 square feet of versatile retail and office space. Built in 1953 and extensively renovated in 2019, this three-story building boasts 12-14 foot ceilings and is ideally situated in the vibrant Uptown neighborhood. Multiple tenancy options are available, with spaces ranging from a minimum of 1,500 square feet to a maximum contiguous space of 6,600 square feet. The property benefits from excellent visibility and accessibility, with ample parking nearby despite its dense urban location. Its prime Uptown location places it within walking distance of the Chain of Lakes (Bde Maka Ska and Lake of the Isles), offering stunning views and proximity to numerous amenities including walking trails, parks, and recreational facilities. Furthermore, the building is conveniently located near Lunds & Byerlys grocery store, a diverse array of restaurants and retailers, and a thriving residential community. The Uptown area is experiencing significant reinvestment and redevelopment, presenting a unique opportunity for businesses seeking a prime location in a rapidly growing neighborhood. The building's strategic location and recent renovations make it an attractive option for businesses seeking a high-profile presence in a desirable Minneapolis location. Ongoing neighborhood improvements, including park maintenance and upgrades funded by the 20-year Neighborhood Park Plan (NPP20), further enhance the area's appeal and livability.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1953
Construction CONCRETE
Total area 6,781 SF
Lot 0.09 ac (3,920 SF)
Zoning code C3A
APN 04-028-24-21-0014
UPID US46-0603967

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
  • Training Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$539k
Blend (final) Blend
$785k

Owner & transaction history

since 2008
4 recorded transactions
2021
Price N/A
2017
Price N/A
2008
$1.5M
1969
Price N/A

Zoning & alternative use

C3A · Minneapolis, MN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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