1517 W Lake Street, Minneapolis, MN 55408
sale
$895,000
|
Other
Courtesy Of RE/MAX Results
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
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Property Features
- Age: Over 50 Years Old
- Amenities: Disabled Access
- Amenities: Double pane windows
- Appliance: Microwave
- Appliance: Refrigerator
- Appliance: Range
- Appliance: Stainless Steel Appliances
- Cooling System: Central Air
- Heating System: Zoned
- Heating System: Forced Air
- MLSID: 7134821
- Roof Type: Rubber
- Roof Type: Shingle
- Rooms: Basement
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