5551 W Lake Street, 2, Saint Louis Park, MN 55416

$975
Property Type: Commercial Baths: 1 Status: Closed
Current Price: $975 List Date: 4/22/2026 Last Modified: 6/02/2026

Overview

Description

A bright, affordable retail or office space perfectly positioned at a high-traffic corner adjacent to Highway 100 and Minnetonka Blvd — with excellent access for drivers, pedestrians, and bus commuters. Nestled between a Caribou Coffee and Domino's in a well-established three-tenant center, this versatile space suits a retail boutique, office, service provider, or specialty concept. Oversized windows bring in natural light while doubling as prime sidewalk-level advertising. Both building and monument signage are available. Parking lot offers 20+ shared parking spaces with handicapped accessibility. Lease includes: property taxes, water & sewer, landscaping, parking lot upkeep & snow removal. Tenant is responsible for gas and electricity. Listing agent is owner and landlord.

Listing Details MLS# 7051067

General Property Information

Lot Measurement
Acres
Management Company Name
Lowry Properties 5551 LLC
Multiple PIDs?
No
Other Parking Spaces
22
Owner Occupied
No
Waterfront Present
No
Year Built
1982
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
365
Power Company
Xcel Energy
For Sale or Lease
For Lease
Lot Dimensions
161X252X135X185
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: No Stairs External; No Stairs Internal Air Conditioning: Central Air Amenities Unit: Indoor Sprinklers; Security Lights Basement: None CMU Style: Retail/Shopping Center Construction Status: Previously Owned Current Use: Office; Retail Exterior: Wood Flooring: Carpet Foundation: Slab Fuel: Natural Gas Heating: Forced Air Lease Details: Other Location Description: Strip Center Lock Box Type: Combo Miscellaneous Information: Building Sign; Delivery Door; Display Window; Exterior Lighting On Site Utilities: Electric Separate; Heating Separate Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Roof Maintenance; See Remarks; Sewer; Snow Removal; Taxes Parking Characteristics: Parking Lot Potential Use: Office; Retail Rent Rate per Foot: Per Month Rental License Type: Other; Standard Road Frontage: City Street; County Road; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Flat Sewer: City Sewer - In Street Shared Rooms: Other Stories: One Tenant Pays: Electricity; Heat Wall Description: Drywall Water: City Water - In Street; City Water/Connected Window Features: Aluminum Frames; Double Pane Windows

Contract Information

Off Market Date
2026-05-01
Closed Date
2026-06-02
Sales Close Price
975
Original List Price
975
Contingency
None
ListPrice
975
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
5551
Street Direction Prefix
W
Street Name
Lake
Street Suffix
Street
Unit Number
2
Postal City
Saint Louis Park
County
Hennepin
State
MN
Zip Code
55416

Assessments

Tax With Assessments
31752
Assessment Balance
0
Assessment Installment
0

Basement

Foundation Dimensions
365
None
Yes

More Information

Building Information

Building Finished SqFt
365

Lease Details

Land Leased
Not Applicable
Lease Amount Type
Monthly
Lease Expiration Date
2026-07-31
Other
Yes

Miscellaneous Information

Homestead
No
Building Sign
Yes
Delivery Door
Yes
Display Window
Yes
Exterior Lighting
Yes

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Other

Unit 1

Unit Number
Yes
Monthly Rent
975
Half Baths
Yes
Total Bathrooms
Yes
Total Rooms
2
Level
Main Level
Unit Total SqFt
365
Leased?
Yes
Lease Expiration Date
2026-07-31

Unit Details

Total Units
3

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOTS 23 AND 24 INCL ADJ 1/2 OF VAC ALLEY EX ROAD NORWALDO
Listing City
Saint Louis Park
Map Page
105
Municipality
Saint Louis Park
School District
St. Louis Park
School District Phone
952-928-6000
County Abbreviation
2
Property ID Number
1611721210090
Tax Year
2026
Tax Amount
31752
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
A bright, affordable retail or office space perfectly positioned at a high-traffic corner adjacent to Highway 100 and Minnetonka Blvd — with excellent access for drivers, pedestrians, and bus commuters. Nestled between a Caribou Coffee and Domino's in a well-established three-tenant center, this versatile space suits a retail boutique, office, service provider, or specialty concept. Oversized windows bring in natural light while doubling as prime sidewalk-level advertising. Both building and monument signage are available. Parking lot offers 20+ shared parking spaces with handicapped accessibility. Lease includes: property taxes, water & sewer, landscaping, parking lot upkeep & snow removal. Tenant is responsible for gas and electricity. Listing agent is owner and landlord.
Directions
Just W of Hwy 100 off of Minnetonka Blvd

Accessible

No Stairs External
Yes
No Stairs Internal
Yes

Air Conditioning

Central Air
Yes

Amenities Unit

Indoor Sprinklers
Yes
Security Lights
Yes

Construction Status

Previously Owned
Yes

Exterior

Wood
Yes

Flooring

Carpet
Yes

Foundation

Slab
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Lock Box Type

Combo
Yes

Owner Pays

Common Area Maintenance
Yes
Exterior Maintenance
Yes
Grounds Care
Yes
Insurance
Yes
Lawn
Yes
Maintenance/Repair
Yes
Management
Yes
Roof Maintenance
Yes
See Remarks
Yes
Sewer
Yes
Snow Removal
Yes
Taxes
Yes

Parking Characteristics

Garage Dimensions
No
Parking Lot
Yes

Rental License Type

Other
Yes
Standard
Yes

Road Frontage

City Street
Yes
County Road
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Flat
Yes

Sewer

City Sewer - In Street
Yes

Shared Rooms

Other
Yes

Stories

One
Yes

Wall Description

Drywall
Yes

Water

City Water - In Street
Yes
City Water/Connected
Yes

Window Features

Aluminum Frames
Yes
Double Pane Windows
Yes

Income and Expenses

Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Gross Income
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Net Income
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Total Annual Expenses
0

Tenant Pays

Electricity
Yes
Heat
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes

CMU Style

Retail/Shopping Center
Yes

Current Use

Office
Yes
Retail
Yes

Location Description

Strip Center
Yes

Potential Use

Office
Yes
Retail
Yes

Rent Rate per Foot

Per Month
Yes

Documents

IDX
Listing Office: Keller Williams Realty Integrity Lakes
Last Updated: June - 02 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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