Financial
Distress signals
Property profile

711 Lk St Minneapolis, MN 55408

OFF-MARKET
Other commercial real estate
Property ID
US46-0324041
37,242 SF 0.14 ac lot Built 1913
Last sale Jun 2024 · $2,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is the historic Calhoun Building, located on the Lake and Lyndale Avenue corridor. It contains office and studio spaces arranged to support small to medium uses, including suites configured for approximately one to two people as well as larger office suites. The building includes a tenant mix that has historically encompassed artists and professional service providers, and it is configured to accommodate retail options in addition to office use.

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?
$77k
Tax billed · 2023
Assessed value$2.24M
Assessed land$243k
Assessed improvement$1.99M
Effective rate3.46%

Value estimate

· Sep 2026
$2.10M
$1.89M – $2.31M
AI approach$2.10M
Submarket $/SF estimate$1.52M

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 Center10.0
Pet Grooming Service9.4
HVAC Service9.3

Location

711 Lk St Minneapolis, MN 55408-2918
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file 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
2828 Hennepin, Minneapolis, MN 55408-1906 $4,250,000 Apr 2025 55,237 SF
207 Lk, Minneapolis, MN 55408-2473 $1,550,000 Mar 2025 14,748 SF
3018 Hennepin, Minneapolis, MN 55408-2614 $1,100,000 Dec 2024 9,942 SF
3022 Hennepin, Minneapolis, MN 55408-2614 $1,500,000 Oct 2024 6,737 SF
3501 Aldrich S, Minneapolis, MN 55408-4149 $468,000 Sep 2024 10,372 SF
2638 Lyndale S, Minneapolis, MN 55408-1321 $1,067,163 Jan 2024 11,357 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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