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Sold:  Minneapolis MLS# 6535652

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Sold
$1,250,000  (list price)
$1,100,000
/mo Edit
Commercial:  Mixed Use,Office,Retail
Built 1930
0.38 acres
Minneapolis schools
MLS# 6535652
763-576-8286
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    Property Description

    Beautifully Maintained Stand-Alone Retail/Office/Live-Work building with great parking for up to 18 cars! Sale includes both 3040 Lyndale (corner building, 5 car lot, and 3 garages connected to building) + 3045 Aldrich (10 car lot). Generous CM3 building zoning with many retail, office, and residential/multifamily/Live-work uses permitted. Owner occupied by Top Shelf Apparel â?? building will be vacated at closing, possibility for a short term lease-back. Perfect for an Owner/User to occupy or Investor. These properties have been meticulously cared for both inside and outside. 4 floors totaling 7, 600 SF with 2, 200 SF in the basement, 1st, and 2nd floors and 1, 000 SF on the 3rd floor. The 3 garage stalls are conveniently attached to the first floor to provide additional storage and parking. The basement is unfinished, but useable - currently used for alterations. Excellent location on the convenient corner of Lyndale and 31st in Lyn-Lake. Contract for Deed possible.

    Listing

    Listing Status: Sold
    Contingency: None
    List Price: $1,250,000
    Sold Price: $1,100,000
    Sold Date: 12/31/2024
    Property Type: Commercial
    City: Minneapolis
    Garage Spaces: 3
    County: Hennepin
    Year Built: 1930
    State: MN
    Property Style: Mixed Use, Office, Retail
    Zip Code: 55408
    Neighborhood/Area: South Uptown
    Subdivision Name: Auditors Sub 040

    Interior

    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: Three Or More
    Garage Spaces: 3
    Other Parking Spaces: 18
    Air Conditioning: Central Air
    Foundation Size: 1,848 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Attached Garage
    • Covered
    • Paved
    Unit Amenities: Patio
    Road Frontage: City Street
    Exterior Material:
    • Aluminum Siding
    • Brick/Stone
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.38
    Geolocation: 44.946818, -93.28863
    Inclusions: Business, Land
    Lot Dimensions: 62 x 237
    Addl Parcels: 0402824110014
    Zoning:
    • Business/Commercial
    • Lot
    Lot Description: Corner Lot

    Schools

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

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $31,612
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $15,283

    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

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.