3543 E Lake St
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3543 E Lake St
5,463 SF 100% Leased Retail Building Minneapolis, MN 55406 $1,700,000 ($311/SF)
Investment Highlights
- Mixed Use fully Leased
- Billboards that bring in extra income
- Very well taken care of property by the same family of 40 years
Executive Summary
Value-Add Mix-Use property. Multiple PID's. Total of 20,381 sq ft for all buildings, Buyer needs to verify sq ft. Will include the parking lot (15 spaces) PID to the rear of the property, could be additional rent. Fantastic opportunity for the right investor to take over in the strong Minneapolis market. Billboard to add to the rent roll. Long term Tenants, both retail and apartments. Private tours, need to call or email to schedule. Limited times.
Have at the ready; a Letter of Credit or Proof of Funds.
Have at the ready; a Letter of Credit or Proof of Funds.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,463 SF
Building Class
C
Year Built
1937
Price
$1,700,000
Price Per SF
$311
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
14’
Building FAR
0.55
Land Acres
0.23 AC
Zoning
C1
Frontage
50 FT on Lake
Amenities
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (81)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,887,700 | |
| Land Assessment | $328,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,559,500 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$328,200
Improvements Assessment
$1,559,500
Total Assessment
$1,887,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Craig Weber -
Jeff Nobleza -
Coldwell Banker Commercial Realty - JAC Commercial
1 of 19
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3543 E Lake St
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