3040 Lyndale Avenue S, Minneapolis, MN

$1,300,000

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0.38

Acres

About 3040 Lyndale Avenue S

This rare two-address opportunity includes both 3040 Lyndale Ave S and 3045 Aldrich Ave S in the heart of the highly desirable Lyn-Lake neighborhood, offering unmatched flexibility and value with all furniture included at no extra cost at the seller’s discretion. The non-historic corner building retains its original charm and features four levels totaling approximately 7,600 square feet, including a usable leased basement, 9+ executive offices, multiple co-working and collaborative spaces, three attached garage stalls, and a five-car on-site parking lot, while the second parcel provides a ten-car parking lot with flexibility for future development. 3040 Lyndale is zoned CM3 and allows for retail, office, residential, multifamily, or live-work uses and currently generates $1,525 per month from two month-to-month tenants, providing immediate cash flow. 3045 Aldrich is zoned UN3 and is ideal for residential. Located at the high-visibility corner of Lyndale and 31st, this is a rare chance to own a versatile, income-producing property in one of Minneapolis’ hottest area. Please do not disturb tenants and schedule all tours through the listing brokers.

Features of 3040 Lyndale Avenue S

MLS® # 7004216
Price $1,300,000
Acres 0.38
Year Built 1930
Type Commercial Sale
Status Active

Community Information

Address 3040 Lyndale Avenue S
Area 70
Subdivision Auditors Sub 040
City Minneapolis
County Hennepin
State MN
Zip Code 55408

Amenities

Utilities Electric Common, Heating Common, Hot Water Common
Parking Attached Garage, Covered, Paved Lot
# of Garages 3
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling Central Air
Fireplace No

Exterior

Lot Description Corner Lot
Roof Age 8 Years or Less

School Information

District Minneapolis

Additional Information

Zoning Business/Commercial,Lot
Foreclosure No
Short Sale No
Taxes $21,190

Listing Details

OfficeNorthstar Real Estate Associates

Listing Map

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