1501 E Lake Street, Minneapolis, MN 55407
$2,750,000
Property Type:
Commercial
Square Footage:
18,555
Lot Size (sq. ft.):
25,325
Status:
Active
Current Price:
$2,750,000
List Date:
8/28/2026
Last Modified:
8/28/2026
Overview
Description
Listing Details MLS# 7134755
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
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
Contract Information
- Contingency
- None
- ListPrice
- 2750000
- Owner is an Agent?
- No
- Auction?
- No
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
More Information
Basement
- Foundation Dimensions
- 82X98
Building Information
- Building Finished SqFt
- 15288
- Building SqFt
- 18555
- Ceiling Height
- 11-15
Income and Expenses
- Annual Net Income
- Yes
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
Documents
9a076db0-928c-11f1-9553-005056a16d56.pdf ›
Listing Office:
BRIX Real Estate
Last Updated: August - 28 - 2026
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Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal.
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