For Sale - 2,156 SF Commercial Kitchen, Event Space At 57th and Lyndale Avenue South

5750 Lyndale Ave S Lyndale Avenue South Minneapolis, MN 55419

5750 Lyndale Ave S Lyndale Avenue South , Minneapolis, MN, 55419
5750 Lyndale Ave S Lyndale Avenue South , Minneapolis, MN, 55419
FOR SALE
Property Type:
Free Standing Building
Amount:
$1,500,000
Cap Rate:
0.00%
Last Verified:
May 08, 2024
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For Sale - 2,156 SF Full Kitchen, Event Space At 57th and Lyndale Avenue South Available For Sale: 2,156 sf (1,232 sf 1st floor and 924 sf 2nd floor) • PID#:21-028-24-14-0145 • Zoning: CM2 Corridor Mixed Use • Building: 2,156 sf • Lot Size .33 Acres • Renovated: 2017 • 2024 Taxes: $14,474.96 • Sale Price: $1,500,000 Highlights and Features: • Bound by four distinct Minneapolis neighborhoods: Kenny, Lynnhurst, Tangletown, and Windom • 2 access points to property off Lyndale Avenue South and W 58th Street • Creative site options • Two-story building • Updated mechanicals • Renovated full kitchen • Restroom • Indoor and outdoor event space • Number of Parking Spots: 13 • Current tenants: Wildwood Valerie's French Kitchen, Host a Toast, and The Beekeepers • Area tenants: Kowalski's, Goodwill, Cub Foods, Valvoline Oil Change, Bachman's Floral, Bobby & Steve's Auto World, Rivershore Aquariums, Tangletown CrossFit, Wild Mind Ales, Magnuson Sod/Klier's Nursery Garden Center, and Kenny Community School Demographics and Traffic Counts: • Average Household Population: 1 mile - 11,062, 3 miles - 83,498, and 5 miles - 225,960 • Average HH Income: 1 mile - $83,063, 3 miles - $90,849, and 5 miles - $79,963 • Traffic Counts: 4,000 vpd on Lyndale Avenue S North, 7,900 vpd Lyndale Avenue S, 5,595 vpd on W 58th Street, and 13,400 vpd on State Hwy 121

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Map of 5750 Lyndale Ave S Lyndale Avenue South , Minneapolis, MN, 55419

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.