For Sale: Minneapolis MLS# 7004216
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Property Description
This rare two-address opportunity includes both 3040 Lyndale Ave S and 3045 Aldrich Ave S in the heart of the highly desirable Lyn-Lake neighborhood, offering unmatched flexibility and value with all furniture included at no extra cost at the seller’s discretion. The non-historic corner building retains its original charm and features four levels totaling approximately 7, 600 square feet, including a usable leased basement, 9+ executive offices, multiple co-working and collaborative spaces, three attached garage stalls, and a five-car on-site parking lot, while the second parcel provides a ten-car parking lot with flexibility for future development. 3040 Lyndale is zoned CM3 and allows for retail, office, residential, multifamily, or live-work uses and currently generates $1, 525 per month from two month-to-month tenants, providing immediate cash flow. 3045 Aldrich is zoned UN3 and is ideal for residential. Located at the high-visibility corner of Lyndale and 31st, this is a rare chance to own a versatile, income-producing property in one of Minneapolis’ hottest area. Please do not disturb tenants and schedule all tours through the listing brokers.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,300,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1930
State:
MN
Property Style:
Other
Zip Code:
55408
Neighborhood/Area:
70
Subdivision Name:
Auditors Sub 040
Interior
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Three Or More
Garage Spaces:
3
Air Conditioning:
Central Air
Foundation Size:
1,848 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Covered
- Paved Lot
Unit Amenities:
Patio
Road Frontage:
City Street
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.38
Geolocation:
44.946818, -93.28863
Inclusions:
Building
Lot Dimensions:
62 x 237
Zoning:
- Business/Commercial
- Lot
Lot Description:
Corner Lot
Schools
School District:
558
District Phone:
6126680000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$21,190
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$29,205
Units
Total Units:
1
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Professional/Office
- Retail
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- 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 Northstar Real Estate Associates.
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.