$2,900,000
Minneapolis, MN 55407
MLS# 7061743
1 / 30
Property Description
Positioned along the vibrant East Lake Street corridor, this mixed-use commercial property offers a compelling blend of stability and future potential. Anchored by a high-volume laundromat and an operating restaurant, the property generates strong, diversified income. Set on one of the largest parcels in the immediate area, the site presents significant upside through expansion or redevelopment. Its prominent location benefits from consistent traffic, strong neighborhood demand, and proximity to key Minneapolis destinations. A rare chance to secure a sizable footprint in a high-demand urban corridor.
Details
Maps
Contract Information
Status: Active
Current Price: $2,900,000
Contingency: None
ListPrice: 2900000
List Date: 2026-04-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 21
Waterfront YN: No
Year Built: 1981
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 4255
For Sale or Lease: For Sale
Acres: 0.85
Lot Dimensions: Irregular
Assessment Pending: Unknown
Assessments
Tax With Assessments: 36591.98
Building Information
Building Finished SqFt: 4255
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 02
Township#: 28
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land
Unit Details
Total Units: 2
Location Tax and Other Information
House Number: 1405
Street Direction Prefix: E
Street Name: Lake
Street Suffix: Street
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Williams Add
Property Features
Accessible: No Stairs External
CMU Style: Business Opportunity; Mixed Use; Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Laundromat; Restaurant
Exterior: Wood
Foundation: Concrete Block
Fuel: Electric; Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Parking Lot; Paved Lot
Pool Description: None
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks
Roof: Flat
Sewer: City Sewer/Connected
Stories: One
Water: City Water/Connected
Listing Office: Compass
Last Updated: September - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
