4205 E Lake St
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4205 E Lake St
1,500 SF Retail Building Minneapolis, MN 55406 $800,000 ($533/SF)
Executive Summary
Successful used car lot for over 30 years in iconic East Lake Street location.
• Prime corner location offers high visibility and foot/car traffic; next to Honda Town
• Option to purchase longstanding, successful business with property
• Hard to find zoning
• 1,500 SF building on .15 acre lot (holds 40+ cars)
• Two service bays; updated electric
• Office spaces and private restroom
• Located between two residential neighborhoods on busy and improved thoroughfare
• Property Sale Price: $800,000
• Business + Property Sale Price: $850,000
• Prime corner location offers high visibility and foot/car traffic; next to Honda Town
• Option to purchase longstanding, successful business with property
• Hard to find zoning
• 1,500 SF building on .15 acre lot (holds 40+ cars)
• Two service bays; updated electric
• Office spaces and private restroom
• Located between two residential neighborhoods on busy and improved thoroughfare
• Property Sale Price: $800,000
• Business + Property Sale Price: $850,000
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
1,500 SF
Building Class
C
Year Built
1990
Price
$800,000
Price Per SF
$533
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Land Acres
0.10 AC
Zoning
C4
Parking
10 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
138 FT on Lake
Amenities
- Bus Line
- Signage
- Signalized Intersection
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
Parcel Number | 06-028-23-11-0041 | Improvements Assessment | $0 |
Land Assessment | $77,700 | Total Assessment | $77,700 |
PROPERTY TAXES
Parcel Number
06-028-23-11-0041
Land Assessment
$77,700
Improvements Assessment
$0
Total Assessment
$77,700
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4205 E Lake St
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