For Sale: Minneapolis MLS# 7134821
Active
NEW!
$895,000
Commercial: Other
Built 1900
0.09 acres
Minneapolis schools
MLS# 7134821
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Property Description
Strong investment property just two and a half blocks from beautiful Lake Bde Maka Ska on the edge of the Minneapolis’ vibrant Uptown area. This mixed-use building offers a rare opportunity to combine street-level retail visibility with spacious upper-level residential income. Positioned along West Lake Street, the property benefits from a dense urban trade area, strong nearby household incomes, and proximity to one of Minneapolis most recognizable commercial corridors. This property offers flexibility for an owner-user, investor, or small business operator seeking a recognizable Uptown address with both commercial frontage and residential space above. The combination of retail square footage, upper-level apartment area, historic character, and recent roof improvement creates a versatile opportunity in one of Minneapolis’ established urban neighborhoods.
Mixed-use building with main-level retail and upper-level apartment space.
• Owner-User Flexibility
• Lower Level Storage
• Top 2 Floors offer Residential Space
• Prime Uptown Minneapolis location at 1517 W. Lake Street
• Approximately 1, 065 square feet of main-level retail space
• Approximately 1, 541 total square feet across the second and third-floor apartment
• Building originally constructed in 1900
• Roof is approximately 2 years old
• Nearly 500, 000 residents within 5 miles of the property
• Average household income within the area exceeds $100, 000 per year
Listing
Listing Status:
Active
Contingency:
None
List Price:
$895,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1900
State:
MN
Property Style:
Other
Zip Code:
55408
Neighborhood/Area:
23
Subdivision Name:
Calhoun Park
Interior
Ceiling Height:
Varied Heights
Flooring:
Wood
Refrigerators:
Two
Appliances Included:
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
Basement Details:
- Block
- Full
Exterior
Garage Spaces:
0
Air Conditioning:
Central Air, Dual
Foundation Size:
1,193 ft2
Fencing:
Split Rail
Handicap Accessible:
Wheelchair Ramp(s), Soaking Tub
Road Responsibility:
Public Maintained Road
Heating System:
- Forced Air
- Zoned
Parking Features:
- Asphalt
- Guest Parking
- More Parking Onsite for Fee
- Parking Lot
- Paved Lot
- Unassigned
Unit Amenities:
- Balcony
- Ceiling Fan(s)
- Deck
- Kitchen Center Island
- Kitchen Window
- Natural Woodwork
- Panoramic View
- Porch
- Vaulted Ceiling(s)
- Washer/Dryer Hookup
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Roof Details:
- Age 8 Years or Less
- Asphalt
- Rubber
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.09
Geolocation:
44.948132, -93.301735
Inclusions:
Building
Lot Dimensions:
43 x 92
Zoning:
Business/Commercial
Farm
Topography:
Level
Schools
School District:
1
District Phone:
6126680000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$20,716
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$22,814
Units
Total Units:
1
Miscellaneous
Current Use:
- Commercial
- Recreational
- Retail
Fuel System:
Electric
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.