$2,599,000
Minneapolis, MN 55407
MLS# 7042685
1 / 85
Property Description
This is part of a portfolio package including the following properties: 1108 E Lake St : 5,250 SF 1112 E Lake St: 2,721 SF • Redevelopment opportunities for affordable housing. Development application is underway and pending to be approved from various government agencies. • Commercial Mixed Use, Office spaces, Retail spaces and more • 3 parcels , two buildings and parking lot!
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $2,599,000
Contingency: None
ListPrice: 2599000
List Date: 2026-03-25
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 32
Owner Occupied: No
Waterfront Present: No
Year Built: 1911
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 180x114
Acres: 0.48
Foundation Size: 2684
Garage Stalls: 32
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: LOT 012,013,014 BLOCK 001 ALLAN & ANDERSONS 2ND ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Country: US
Property ID Number: 3502924340020
Tax Year: 2025
Tax Amount: 20758
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: This is part of a portfolio package including the following properties:
1108 E Lake St : 5,250 SF
1112 E Lake St: 2,721 SF
• Redevelopment opportunities for affordable
housing. Development application is underway
and pending to be approved from various
government agencies.
• Commercial Mixed Use, Office spaces, Retail
spaces and more
• 3 parcels , two buildings and parking lot!
Directions: LOT 012,013,014 BLOCK 001 ALLAN AND ANDERSON'S 2ND ADD TO MPLS
Accessible
None: 1
Additional Parcels Information
Property ID #2: 35029240019
Property ID #3: 3502924240018,3502924340021
Air Conditioning
Central Air: 1
Amenities Unit
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 21858
Basement
Full: 1
Building Information
Building Finished SqFt: 8052
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Fencing
Wood: 1
Foundation
Combination: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Corner Lot: 1
Miscellaneous Information
Homestead: No
Owner Pays
Insurance: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Uncovered/Open: 1
Road Frontage
City Street: 1
Roof
Flat: 1
Sale Options
Sale Includes: Building, Leases, Other
Sewer
City Sewer/Connected: 1
Unit Details
Total Units: 11
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 279696
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0
Tenant Pays
All Utilities: 1
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Retail/Shopping Center: 1
Current Use
Business Service: 1
Professional Service: 1
Loan Terms
Cash: 1
Contract for Deed: 1
Conventional: 1
Location Tax and Other Information
House Number: 1108-1120
Street Direction Prefix: E
Street Name: Lake
Street Suffix: Street
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: None
Basement: Full
CMU Style: Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Business Service; Professional Service
Exterior: Brick/Stone
Fencing: Wood
Foundation: Combination
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Contract for Deed; Conventional
Lot Description: Corner Lot
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: Insurance
Parking Characteristics: Parking Lot; Uncovered/Open
Road Frontage: City Street
Roof: Flat
Sewer: City Sewer/Connected
Tenant Pays: All Utilities
Water: City Water/Connected
Listing Office: Northstar Real Estate Associates
Last Updated: March - 25 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
