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MLS# 5252366
4601 Lyndale Avenue N
Minneapolis, MN 55412
Built 1912
0.27 acres
Minneapolis schools
Info: 763-576-8286
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    Description:   Confidential Listing. Turnkey bar, restaurant, & building available FOR SALE. Price includes all FF&E. Price includes new ADA restrooms, & other work, being done for $120, 000 now. 2018 gross revenues of $1, 154, 717 w/ an NOI of approximately $208, 947 (expenses including $83, 326 in voluntary accounting & security personnel costs). Expected NOI of approximately $242, 000 in 2019. $50, 000 in recent upgrades. New coolers/freezers, new stoves, newer chairs & tables, new security/camera system & metal detector. Full kitchen. Currently only liquor license north of Broadway Ave N in the City of Minneapolis. Located within walking distance to the 48 acre Upper Terminal Harbor redevelopment project on the Mississippi River. Great potential to increase food sales at this location. Outside patio. 953 sf apartment unit upstairs w/ separate entrance not currently being rented out, that with some renovation, can be rented out.
    List Price: $895,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1912
    Neighborhood/Area: Lind - Bohanon
    City: Minneapolis
    Zip Code: 55412


    Building Fin Sq Ft: 4,148 ft²


    Heating System: Forced Air
    Foundation Size: 4,148 ft²
    Handicap Accessible: Wheelchair Ramp
    Exterior Material: Wood
    Garage Spaces: 0
    Other Parking Spaces: 17


    Acres: 0.27
    Latitude: 45.03872500
    Longitude: -93.28786500
    Lot Size Dim.: E75.9X147X75X159
    Dev/Complex Name: Camden Park Add
    Zoning: Business/Commercial


    School District: 1 - Minneapolis
    District Phone: 612-668-0000


    Annual Gross Expense: $945,770

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $10,905
    Assessment Pending: No
    Taxes w/ Assessments: $10,905


    Annual Gross Income: 1154717.00


    Annual Net Income: $208,947


    Total Units: 2


    Current Use: Tavern/Lounge, Restaurant
    Fuel System: Natural Gas
    Sale Includes: Building, Business, Fixture/Equipment, Liquor License
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Von Itter
    Chrissy Von Itter
    Senior Loan Officer
    Movement Mortgage NMLS#642509
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    Listing provided by RMLS, courtesy of Summerhill Commercial Real