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

5750 Lyndale Avenue South Minneapolis, MN 55419

5750 Lyndale Avenue South, Minneapolis, MN, 55419
Building Photo
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FOR SALE
Property Type:
Free Standing Building
Amount:
$1,500,000
Last Verified:
Aug 19, 2024

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Description

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


Year Built: 1956
Building Size: 2156sq ft
Lot Size: 0 acres


Documents

Brochure 5750 Lyndale Avenue South.pdf

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

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.