1517 W Lake Street, Minneapolis, MN 55408 (MLS# 7134821)

1517 W Lake Street, Minneapolis, MN 55408

$895,000
Property Type: Commercial Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $895,000 List Date: 9/05/2026 Last Modified: 9/05/2026

Overview

Description

Strong investment property just two and a half blocks from beautiful Lake Bde Maka Ska on the edge of the Minneapolis’ vibrant Uptown area. This mixed-use building offers a rare opportunity to combine street-level retail visibility with spacious upper-level residential income. Positioned along West Lake Street, the property benefits from a dense urban trade area, strong nearby household incomes, and proximity to one of Minneapolis most recognizable commercial corridors. This property offers flexibility for an owner-user, investor, or small business operator seeking a recognizable Uptown address with both commercial frontage and residential space above. The combination of retail square footage, upper-level apartment area, historic character, and recent roof improvement creates a versatile opportunity in one of Minneapolis’ established urban neighborhoods. Mixed-use building with main-level retail and upper-level apartment space. • Owner-User Flexibility • Lower Level Storage • ...

Listing Details MLS# 7134821

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
1193
For Sale or Lease
For Sale
Acres
0.09
Lot Dimensions
43x92
Assessment Pending
No

Property Features

Accessible: Soaking Tub; Wheelchair Ramp Air Conditioning: Central Air; Dual Amenities Unit: Balcony; Ceiling Fan(s); Deck; Kitchen Center Island; Kitchen Window; Natural Woodwork; Panoramic View; Porch; Vaulted Ceiling(s); Washer/Dryer Hookup Appliances: Microwave; Range; Refrigerator Basement: Concrete Block; Full CMU Style: Apartments and Retail Commercial Kitchen Appliances: Dishwasher; Oven; Refrigerator Construction Status: Previously Owned Current Use: Commercial; Recreational; Retail Exterior: Brick/Stone; Wood Fencing: Split Rail Flooring: Wood Foundation: Concrete Block Fuel: Electric Heating: Forced Air; Zoned Location Description: Free Standing Miscellaneous Information: Building Sign On Site Utilities: Electric Separate; Heating Separate; Hot Water Common Parking Characteristics: Parking Lot; Paved Lot; Unassigned Potential Use: Diversified; Income; Lounge/Bar; Office; Professional; Retail Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles; Rubber Sewer: City Sewer/Connected Topography: Level Wall Description: Drywall; Finished Water: City Water/Connected Window Features: Blinds; Double Pane Windows; Insulated Windows; Screens; Window Coverings

Contract Information

Contingency
None
ListPrice
895000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1517
Street Direction Prefix
W
Street Name
Lake
Street Suffix
Street
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55408
Complex/Dev/Subdivision
Calhoun Park

Assessments

Tax With Assessments
22814

Building Information

Building Finished SqFt
2740
Ceiling Height
Varied Heights

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
04
Township#
28

Sale Options

Sale Includes
Building

Unit Details

Total Units
Yes
IDX
Listing Office: RE/MAX Results
Last Updated: September - 05 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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