1201 E Lake Street Minneapolis, MN 55407

$3,500,000 N/A N/A
Price Bedrooms Bathrooms
Price has not changed since being added to site on 4/12/2019
Status: Active

MLS #: 5208443

Office Sq. Feet: N/A
On Site: 9 Days Lot Size: 0.79 Acres
Neighborhood: See All Properties for Sale in Powderhorn Park
DESCRIPTION
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Exceptional Investment Opportunity with long-term tenants.
FEATURES / AMENITIES
Amenities: Natural Woodwork, Hardwood Floors, Tiled Floors, Paneled Doors, Security System, Indoor Sprinklers, In-Ground Sprinkler, Ethernet Wired, Broadband Available, Multiple Phone Lines
Appliances: Microwave, Refrigerator
Air Conditioning: Central
Heating: Forced Air
Fuel: Natural Gas
PROPERTY FEATURES
Lot Size: 0.79 Acres
Lot Dimensions: 172x116x49x120x117x23
Lot Description: Corner Lot, Tree Coverage - Light, Zero Lot Line, City Bus (w/in 6 blks)
Garage: More Parking Onsite for Fee, More Parking Offsite for Fee, Assigned, Driveway - Asphalt
Water: City Water/Connected
Sewer: City Sewer/Connected
Road Frontage: City, Paved Streets, Curbs, Sidewalks
Zoning: Business/Commercial
Directions: East Lake Street just east of 12th Ave S.
COMMUNITY, TAX AND RELATED INFO
School District: Minneapolis
County: Hennepin
Sale Includes: Building, Land, Leases
Tax Amount: $69, 438.00
Tax Year: 2019
Annual Gross Expense: 270000.00
Total Annual Expenses: 5000
Annual Gross Income: 507084.00
Annual Net Income: 267084.00
Annual Trash Expense: 3271
Annual Maintenance Expense: 6272
Annual Insurance Expense: 5800
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Listing Information Last Updated 4/20/2019
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Property Summary

1201 E Lake Street
Minneapolis, MN 55407

MLS®: 5208443

List Price: $3,500,000

Description:

MLS # 5208443: This property at 1201 E Lake Street, Minneapolis, MN 55407 is located in the Powderhorn Park subdivision and is listed for $3,500,000. MLS # 5208443 has been on the market for 8 days.