For Sale: Minneapolis MLS# 7171177
Active
NEW!
$799,900
Commercial: Other
Built 1935
0.21 acres
Minneapolis schools
MLS# 7171177
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Property Description
Fully leased retail opportunity on East Lake Street in Longfellow! Currently home to Soderberg's Floral & Gift, the proeprty provides in-place cash flow for investors or a high-visibility storefront for an owner-user. Property features historic charm, flexible CM2 zoning with 2–6 story built-form guidance for future mixed-use redevelopment potential. Great Lake Street corridor location near transit, surrounded by established businesses and dense residential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$799,900
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1935
State:
MN
Property Style:
Other
Zip Code:
55406
Neighborhood/Area:
44
Subdivision Name:
Eustis & Stonemans Add
Exterior
Stories:
Three Or More
Garage Spaces:
0
Foundation Size:
3,252 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Paved Lot
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.21
Geolocation:
44.948087, -93.224035
Inclusions:
Building, Leases
Lot Dimensions:
88 x 106
Zoning:
Business/Commercial
Schools
School District:
1
District Phone:
6126680000
Expenses
Annual Insurance Expense:
$6,000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$13,835
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$14,514
Income
Annual Gross Income:
$57,000
Units
Total Units:
3
Miscellaneous
Current Use:
Professional/Office
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
Water System:
- City Water - In Street
- 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 Gold Group Realty, LLC.
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.