5201 & 5205 Lakeland Avenue North, Minneapolis, MN, 55429

5201 & 5205 Lakeland Avenue North Minneapolis, MN 55429

5201 & 5205 Lakeland Avenue North, Minneapolis, MN, 55429
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FOR SALE
Property Type:
Warehouse
Amount:
$825,000
Last Verified:
Jan 12, 2026

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Highlights

  • Two oversized garage doors (one dedicated to each unit)
  • Approximately 25% office space / 75% industrial space
  • Functional layout ideal for owner-users
  • Convenient location with quick access to major highways
  • One unit includes a 23’ x 38’ mezzanine for additional storage or workspace
  • New Roof 2019 | New drive-in doors | New Furnaces in both bays
  • Air Conditioning Unit in one of the bays recently replaced

Description

Versatile industrial property offering a total of 5,000 SF, comprised of two 2,500 SF
units with a functional mix of warehouse and office space. One unit features a 23’ x
38’ mezzanine, providing additional usable square footage for storage or office use.
Both units are equipped with oversized drive-in garage doors and separate service
doors, allowing for efficient access and flexible operations. The building has seen
significant capital improvements, including a new roof (2019), new front entrance
door, two new over-head garage door openers, new drive-in doors, new furnaces in
both industrial bays, new LED lighting throughout the industrial space, and a
recently updated water heater. Additional features include 3-phase power and new
air conditioning in one of the bays. Ideal for owner-users seeking a well-maintained,
well-designed industrial building with adaptable space for a variety of business
uses.

Well-located industrial property in the northwest Twin Cities with convenient access to Highway 169, I-94, and I-694. Centrally positioned for easy connectivity to Minneapolis, St. Paul, and surrounding metro areas. Situated in an established industrial corridor with nearby manufacturing, distribution, and service businesses, making it ideal for a variety of industrial uses.


Year Built: 1963
Building Size: 5753sq ft
Lot Size: 0.46 acres

Map of 5201 & 5205 Lakeland Avenue North, Minneapolis, MN, 55429

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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.