Back to Saved Search
Listing 5 out of 1,237
$3,500,000 For Sale

1201 E Lake Street
Minneapolis, MN 55407

2 units |

lot: 0.79 acres
Commercial: Commercial - MLS# 5208443
Property Photo
1/29

Description

Exceptional Investment Opportunity with long-term tenants.

Features

  • Property Type: Commercial
  • Sub Type: Commercial
  • Listing Status: Active
  • County/Area: Hennepin County
  • Zip Code: 55407
  • Year Built: 1926
  • Subdivision/Neighborhood: Tingleys Add
  • School District: 1 - Minneapolis
  • Units: 2 units
  • Basement: Full,Concrete Block
  • Lot Size: 0.79 acres
  • Air Conditioning: Central
  • Amenities - Unit: Natural Woodwork, Hardwood Floors, Tiled Floors, Paneled Doors, Security System, Indoor Sprinklers, In-Ground Sprinkler, Ethernet Wired, Broadband Available, Multiple Phone Lines
  • Annual Electric Expense: 35500
  • Annual Fuel Expense: 7628
  • Annual Gross Expense: 270000.00
  • Annual Gross Income: 507084.00
  • Annual Insurance Expense: 5800
  • Annual Maintenance Expen: 6272
  • Annual Net Income: 267084.00
  • Annual Trash Expense: 3271
  • Annual Water/Sewer Expen: 5500
  • Appliances: Microwave, Refrigerator
  • Building Finished Square: 30478
  • Exterior: Stucco, Brick/Stone
  • Foundation Size: 30478
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Lot Description: Corner Lot, Tree Coverage - Light, Zero Lot Line, City Bus (W/In 6 Blks)
  • Lot Dimensions: 172x116x49x120x117x23
  • MLS ID: RMLS
  • Miscellaneous: 220 Volt, Three Phase
  • Neighborhood: Powderhorn Park
  • Number Of Refrigerators: Two
  • Parking Characteristics: More Parking Onsite For Fee, More Parking Offsite For Fee, Assigned, Driveway - Asphalt
  • Postal City: Minneapolis (Mn)
  • Road Frontage: City, Paved Streets, Curbs, Sidewalks
  • Roof: Rubber
  • Sale Includes: Building, Land, Leases
  • Sewer: City Sewer/Connected
  • Tenant Expenses: Taxes, Insurance, Water/Sewer, Electric, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn, Percent Rent, Escalation
  • Total Annual Expenses: 5000
  • Water: City Water/Connected
  • Zoning: Business/Commercial
Courtesy of Edina Realty, Inc.

Contact






* fields are required

RE/MAX Elite 4037 W Broadway #204,
Robbinsdale, MN 55422
Office: 763-208-4212  sales@mnelite.com

Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu