Minneapolis, MN 55406 3318 E Lake Street
$404,000
52 more
Presented By: Edina Realty, Inc.
SQFT • 4,319
Home Details
You do not want to miss this great investment and cash flowing opportunity! Nicely located in the Longfellow neighborhood of Minneapolis and close to several local amenities, Easy access to major roadways and public transportation. This beauty consists of four commercial spaces and one 2 bed/1 bath unit, Many of the units have been rented with long term tenants, 11 Parking spots and on-street parking too! 1 Loading Dock for each lower space. Cosmetic TLC needed. Seller Financing Available.
Presented By: Edina Realty, Inc.
Interior Features for 3318 E Lake Street
Other Interior Features
BasementBlock, Concrete
Basement (Y/N)Yes
FuelElectric, Natural Gas
General for 3318 E Lake Street
AccessibilityNone
Additional Parcels Y/NNo
AppliancesGas Water Heater, Range, Refrigerator
CityMinneapolis
Construction MaterialsBlock, Brick, Concrete
ContingencyNone
CoolingNone
CountyHennepin
Current UseCommercial, Manufacturing, Office, Other, Professional Service, Residential, Warehouse
DirectionsHeading northeast on MN-55 / Hiawatha Ave toward E 33rd St, Take the ramp on the right for E Lake St/ County -3 and head toward E Lake St, Turn right onto E Lake St/ County Hwy-3, Arrive at 3318 E Lake
Garage Spaces
Gross Income55140
HeatingBoiler
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total5
Operating Expense0
OwnerPaysElectricity, Fuel, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water/Sewer
Pool FeaturesNone
PostalCityMinneapolis
Property TypeCommercial Sale
RoofAge Over 8 Years, Rubber
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameSouth Minneapolis Add
Tax Annual Amount11008
Tax Year2025
Tenant PaysBroadband, Cable TV, Electricity
UtilitiesElectric Common, Heating Common, Hot Water Common
Year Built1926
Zoning DescriptionBusiness/Commercial
Exterior for 3318 E Lake Street
Building Area Total4319
FencingNone
Foundation Area2320
InclusionsBuilding, Fixture/Equipment
Lot Dimensions92.32x86
Lot FeaturesPublic Transit (w/in 6 blks)
Lot Size Area0.18
Parking FeaturesAsphalt, Guest Parking, On-Street Parking Only, Other, Paved Lot
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Additional Details
Price History
John Wichmann
Agent