Minneapolis, MN 55408
$799,000
Property Type:
Commercial
Square Footage:
7,600
Lot Size (sq. ft.):
16,553
Status:
Active
Current Price:
$799,000
List Date:
1/02/2026
Last Modified:
7/25/2026
Listing Details MLS# 7004216
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Other Parking Spaces
- 18
- Owner Occupied
- Yes
- Waterfront YN
- No
- Year Built
- 1930
- Yearly/Seasonal
- Yearly
- Zoning
- Business/Commercial, Lot
- Foundation Size
- 1848
- Garage Stalls
- 3
- For Sale or Lease
- For Sale
- Acres
- 0.38
- Lot Dimensions
- 62x237
- Assessment Pending
- No
Property Features
Accessible:
None
Air Conditioning:
Central Air
Amenities Unit:
Patio
Basement:
Full; Unfinished
CMU Style:
Apartments and Retail; Office; Retail/Shopping Center
Construction Status:
Previously Owned
Current Use:
Business Service; Commercial; Office; Professional Service; Retail
Exterior:
Aluminum Siding; Brick/Stone
Foundation:
Combination
Fuel:
Natural Gas
Heating:
Forced Air
Loan Terms:
Cash; Contract for Deed; Conventional
Lot Description:
Corner Lot
On Site Utilities:
Electric Common; Heating Common; Hot Water Common
Parking Characteristics:
Covered; Paved Lot
Rental License Type:
Standard
Road Frontage:
City Street
Roof:
Age 8 Years or Less
Sewer:
City Sewer/Connected
Stories:
Three Or More
Water:
City Water/Connected
Contract Information
- Contingency
- None
- ListPrice
- 799000
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- Postal City
- Minneapolis
- County
- Hennepin
- State
- MN
- Zip Code
- 55408
- Complex/Dev/Subdivision
- Auditors Sub 040
Assessments
- Tax With Assessments
- 29205
- Assessment Balance
- 0
Building Information
- Building Finished SqFt
- 7600
- Building SqFt
- 7600
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
Unit Information
- No. of Efficiency Units
- 3
Office/Member Info
- Association
- SPAAR
Location, Tax and Other Information
- Legal Description
- LOT 011 AUDITOR'S SUBD. NO. 040
- Listing City
- Minneapolis
- Map Page
- 106
- Municipality
- Minneapolis
- School District
- Minneapolis
- School District Phone
- 612-668-0000
- Zip Plus 4
- 3726
- Property ID Number
- 0402824110013
- Tax Year
- 2025
- Tax Amount
- 21190
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- Welcome to 3040 Lyndale Ave S in the heart of the highly sought-after Lyn-Lake neighborhood (CM3 Zoning). This is not just real estate — this is a high-visibility corner asset positioned for strong cash flow, brand presence, and long-term upside. Located at Lyndale & 31st, the property offers exceptional street exposure, high daily traffic, abundant on-site parking across both parcels, attached garage stalls, and a flexible multi-level layout ideal for a wide range of uses. The layout is perfectly suited for a flagship cannabis dispensary with built-in separation for retail and operations, plus the opportunity to create a discreet, speakeasy-style entrance leading to a lower-level consumption lounge — a rare and highly desirable experiential concept. Beyond cannabis, the asset easily translates into **multiple high-demand concepts**, including: -Suite-style salon with café component -Full-service salon with rental booth income -Elevated vintage café + curated bookstore -Boutique office or creative headquarters -Wellness, medical, or detox facility (inpatient/outpatient) - One-of-a-kind boutique bed & breakfast, offering a unique stay experience in one of Minneapolis’ most vibrant districts For investors, this is where it gets compelling — the property’s layout and zoning make it easy to lease, reposition, or multi-tenant for diversified income streams. And for those thinking long-term: generate income now while planning a future redevelopment to fully unlock the potential of this prime corner site. Strong parking. Multiple revenue paths. Opportunities with this level of flexibility, visibility, and upside rarely come to market. Secure your footprint in one of Minneapolis’ most active and evolving corridors.
- Directions
- Excellent location on the convenient corner of Lyndale and 31st in the Lyn-Lake neighborhood Minneapolis.
Accessible
- None
- Yes
Air Conditioning
- Central Air
- Yes
Amenities Unit
- Patio
- Yes
Basement
- Full
- Yes
- Unfinished
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Aluminum Siding
- Yes
- Brick/Stone
- Yes
Foundation
- Combination
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
Lot Description
- Corner Lot
- Yes
Parking Characteristics
- Covered
- Yes
- Paved Lot
- Yes
Rental License Type
- Standard
- Yes
Road Frontage
- City Street
- Yes
Roof
- Age 8 Years or Less
- Yes
Sewer
- City Sewer/Connected
- Yes
Stories
- Three Or More
- Yes
Water
- City Water/Connected
- Yes
On Site Utilities
- Electric Common
- Yes
- Heating Common
- Yes
- Hot Water Common
- Yes
CMU Style
- Apartments and Retail
- Yes
- Office
- Yes
- Retail/Shopping Center
- Yes
Current Use
- Business Service
- Yes
- Commercial
- Yes
- Office
- Yes
- Professional Service
- Yes
- Retail
- Yes
Loan Terms
- Cash
- Yes
- Contract for Deed
- Yes
- Conventional
- Yes
Listing Office:
Northstar Real Estate Associates
Last Updated: July - 25 - 2026
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