1108-1120 E Lake Street, Minneapolis, MN 55407

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 32
Owner Occupied: No
Waterfront Present: No
Year Built: 1911
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 2684
Garage Stalls: 32
For Sale or Lease: For Sale
Acres: 0.48
Lot Dimensions: 180x114
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: None Basement: Full CMU Style: Retail/Shopping Center Construction Status: Previously Owned Current Use: Business Service; Professional Service Exterior: Brick/Stone Fencing: Wood 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 Owner Pays: Insurance Parking Characteristics: Parking Lot; Uncovered/Open Road Frontage: City Street Roof: Flat Sewer: City Sewer/Connected Tenant Pays: All Utilities Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2599000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1108-1120
Street Direction Prefix: E
Street Name: Lake
Street Suffix: Street
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407

Additional Parcels Information

Property ID #2: 35029240019
Property ID #3: 3502924240018,3502924340021

Assessments

Tax With Assessments: 21858
Assessment Balance: 0

More Information

Building Information

Building Finished SqFt: 8052

Income and Expenses

Annual Gross Income: 279696
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Leases, Other

Unit Details

Total Units: 11

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 012,013,014 BLOCK 001 ALLAN & ANDERSONS 2ND ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Country: US
Property ID Number: 3502924340020
Tax Year: 2025
Tax Amount: 20758
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This is part of a portfolio package including the following properties: 1108 E Lake St : 5,250 SF 1112 E Lake St: 2,721 SF • Redevelopment opportunities for affordable housing. Development application is underway and pending to be approved from various government agencies. • Commercial Mixed Use, Office spaces, Retail spaces and more • 3 parcels , two buildings and parking lot!
Directions: LOT 012,013,014 BLOCK 001 ALLAN AND ANDERSON'S 2ND ADD TO MPLS

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

None: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Fencing

Wood: Yes

Foundation

Combination: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lot Description

Corner Lot: Yes

Owner Pays

Insurance: Yes

Parking Characteristics

Parking Lot: Yes
Uncovered/Open: Yes

Road Frontage

City Street: Yes

Roof

Flat: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

Tenant Pays

All Utilities: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Retail/Shopping Center: Yes

Current Use

Business Service: Yes
Professional Service: Yes

Loan Terms

Cash: Yes
Contract for Deed: Yes
Conventional: Yes