4123 East Lake Street, Minneapolis, MN

Office for Sale - $1,590,000 - 12,968 Sq. Ft. on 0.26 acres


Agent Info

Lisa Christianson
Christianson & Company CRES

Property Info

CIMLS#1054165
Location
  4123 East Lake Street
  Minneapolis MN 55406
UpdatedJuly 29th, 2020
TypeOffice
Price$1,590,000
Building12,968 Sq. Ft.
Land0.26 acres

Contact


Property Description

4123 East Lake Street is centrally located in the urban neighborhood of Longfellow in Minneapolis and is an excellent opportunity for an owner/user. The property is an attractive 2 story, 12,968 square foot office building situated on a .26-acre parcel on the corner of East Lake Street and 42nd Avenue S. The building has been very well maintained, is in excellent condition, and offers an adjoining parking lot with 10 dedicated parking spaces.

The current occupier is the owner and is in the process of building a new building. They will remain in the building until Spring 2021 and will need to lease until that time.

Highlights and Features:

County: Hennepin

Year Built: 1940

Parcel Size: 0.26 Acres

Number of Floors: 2 stories (with a partial basement of 843 sf)

PID Numbers: 0602823120001, 0602823120002, 0602823120003, 0602823120004

Fully sprinklered

Building signage

Elevator: 1

Zoning: C1

Parking Spaces: 10 designated with ample unmetered street parking

Exterior: Concrete masonry with face brick and stucco

Roof: 2 Level Flat, Lower Roof: EPDM, Upper Roof: Pitch and gravel

HVAC: 2 rooftop condensing units, 6 packaged rooftop units and one basement furnace

Metro Transit Service: Route 4, Route 5, Route 9, Route 14, and Light Rail Blue Line

Demographics and Traffic Counts:

2018 Average Population: 1 mile - 9,288, 3 miles - 110,216 and 5 miles - 313,284

2018 Average Household Income: 1 mile - $80,864, 3 miles - 62,817 and 5 miles - $62,621

Traffic Counts: Lake Street -12,900 vpd and 42nd Ave S - 4,450 vpd

Available For Sale: 12,968 SF

2020 Tax: $1,202.70

Sale Price: $1,590,000.00



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