Financial
Distress signals
Property profile

3040 Lyndale Ave S Minneapolis, MN 55408

FOR SALE
Other commercial real estate
Property ID
US46-0645163
4,144 SF 0.24 ac lot Built 1930
Last sale Feb 1998 · $290,000
Individually Owned Owner of record is an individual. 28-yr Hold Held for 28 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

3040 Lyndale Avenue S and 3045 Aldrich Avenue S are two parcels offered under single ownership, featuring corner presence in the Lyn-Lake area. The site includes abundant on-site parking and is configured with attached garage stall(s). The building layout is multi-level and designed to allow separation between front and back functions, supporting a range of commercial uses such as retail, office, or service-oriented activity. The property is described in the remarks as zoned CM3 and positioned…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$27k
Tax billed · 2023
Assessed value$688k
Assessed land$330k
Assessed improvement$358k
Effective rate3.96%

Value estimate

· Sep 2026
$910k
$819k – $1.00M
AI approach$920k
CAP approach$720k
Submarket $/SF estimate$674k
NOI build-up
Gross scheduled income$141k
Vacancy & credit loss−$11k
Operating expenses−$39k
NOI · 10.77% cap applied$92k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$102 – $283
Qualifying comparables15

Cap rate analysis

How does the asset earn?
10.77%
$92k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C3A
JurisdictionHENNEPIN

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center9.3
HVAC Service9.0
Home Appliance Store8.3

Location

3040 Lyndale Ave S Minneapolis, MN 55408
County assessor Recorded deeds · 4 transfers 15 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
331 Lk, Minneapolis, MN 55408-2455 $3,800,000 Jan 2025 3,065 SF
3412 Nicollet, Minneapolis, MN 55408 $2,093,045 Sep 2024 4,880 SF
710 Lk, Minneapolis, MN 55408-2916 $782,000 Aug 2024 4,310 SF
3117 Hennepin, Minneapolis, MN 55408-2620 $950,000 Apr 2024 4,334 SF
3115 Hennepin, Minneapolis, MN 55408-2620 $950,000 Apr 2024 4,334 SF
3342 Nicollet, Minneapolis, MN 55408-4442 $1,150,000 Dec 2023 3,106 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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