1501 E Lake Street, Minneapolis, MN 55407 (MLS# 7134755)
$2,750,000
Minneapolis, MN 55407
MLS# 7134755
18555 sqft
1 / 33
Property Description
6 Parcels including 2 buildings with over 15,000 finished square feet. Large 40+ stall parking lot. Includes 2 restaurant spaces with equipment, upper level event/wedding space, lower level office suite, 2 storefront shop rental spaces, and over 3000 square feet of additional unfinished basement space. Don't miss out, set up a viewing today!
Details
Maps
Documents
Contract Information
Status: Active
Current Price: 2750000
Contingency: None
ListPrice: 2750000
List Date: 2026-08-27
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: Yes
Other Parking Spaces: 43
Waterfront YN: No
Year Built: 2002
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Size SqFt: 25325
Foundation Size: 7257
Power Company: Xcel Energy
For Sale or Lease: For Sale
Lot Dimensions: 240X84
Assessment Pending: Yes
Location Tax and Other Information
House Number: 1501
Street Direction Prefix: E
Street Name: Lake
Street Suffix: Street
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Additional Parcels Information
Property ID #2: 0202824120255
Property ID #3: 0202824120098,0202824120097,0202824120208,0202824120094
Assessments
Assessment Balance: 6305
Tax With Assessments: 68982.74
Basement
Foundation Dimensions: 82X98
Building Information
Building Finished SqFt: 15288
Building SqFt: 18555
Ceiling Height: 11-15
Income and Expenses
Annual Net Income: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Business Assets
Unit Details
Total Units: 5
Property Features
Accessible: Doors 36"+; Lowered Switches/Controls
Air Conditioning: Central Air
Amenities Shared: Fire Sprinkler System
Amenities Unit: Skylight; Tile Floors
Basement: Full
CMU Style: Business Opportunity; Low Rise; Mixed Use; Office; Retail/Shopping Center
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Business Service; Commercial; Event Space; Office; Professional Service; Restaurant
Exterior: Brick/Stone; Stucco
Fencing: Chain Link
Flooring: Concrete Slab
Foundation: Concrete Block; Stone
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Other
Location Description: Downtown
Lock Box Type: None
Lot Description: Public Transit (w/in 6 blks)
On Site Utilities: Electric Common; Heating Common
Owner Pays: Electricity; Escalation; Insurance; Janitorial Service; Janitorial Service; Maintenance/Repair; Percentage Rent; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Secured; Uncovered/Open
Potential Use: Income; Lounge/Bar; Office; Other; Professional; Restaurant; Retail
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Street Lights
Road Responsibility: Public Maintained Road
Roof: Flat; Rubber; Tar/Gravel
Sewer: City Sewer/Connected
Stories: Three Or More
Water: City Water/Connected
9a076db0-928c-11f1-9553-005056a16d56.pdf Listing Office: BRIX Real Estate
Last Updated: August - 28 - 2026
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