, Minneapolis, MN 55409 (MLS# 6692065)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 15
Owner Occupied: Yes
Year Built: 1926
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 13166
Garage Stalls: 3
For Sale or Lease: For Sale
Acres: 0.46
Lot Dimensions: 119x170

Property Features

Accessible: None CMU Style: Business Opportunity; Freestanding; Other; Retail/Shopping Center Construction Status: Previously Owned Current Use: Automobile Service; Business Service; Commercial; Retail Exterior: Block; Brick/Stone Financing Terms: Conventional Flooring: Concrete Slab; Floor Drains Foundation: Other Fuel: Natural Gas Heating: Boiler Loan Terms: Cash; Conventional; Other Lot Description: Corner Lot On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Off Site Potential Use: Income; Industrial; Other; Retail; Shop Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date: 2025-04-11
Closed Date: 2025-09-12
Sales Close Price: 2100000
Contingency: None
ListPrice: 2250000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55409
Complex/Dev/Subdivision: Remingtons 2nd Add

Assessments

Tax With Assessments: 42850
Assessment Balance: 0

Building Information

Building Finished SqFt: 22640
Building SqFt: 22640
Ceiling Height: 11-15

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 04
Township#: 28

Sale Options

Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Leases

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 079 REMINGTONS 2ND ADDN TO MPLS LOTS 1 TO 4 INCL
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 9507
Property ID Number: 0402824440001
Tax Year: 2024
Tax Amount: 42850
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 3610 Lyndale Ave S is a prime retail + auto repair, or redevelopment opportunity in the heart of South Minneapolis. This unique investment includes a well-located 22,640 SF, one-story building with a lower level that is situated on 0.46 acres at the high-visibility intersection of 36th and Lyndale. With a strong traffic count of 11,655 vehicles per day on Lyndale Ave, 9,178 vehicles per day on W 36th St, and easy access to I-35W, this site presents an outstanding opportunity for owner-users, investors, or developers seeking a strategic property in a thriving urban corridor. Included in this sale is the well-established Parents Auto business. Family-owned and serving the Minneapolis community since 1949, Parents Auto has built a strong reputation as a trusted auto service provider. The sale includes the business along with its furniture, fixtures, and equipment (FF&E), offering a turnkey opportunity for those looking to continue its legacy or reposition the space for a new use. The seller has seven employees, not including himself. Five of whom are technicians with varying degrees of skill and experience; all would like to stay. Parents Auto uses NAPA TRACKS as a POS system. Contact listing broker for details on the business asset sale including financial documents and more upon a signed Non-Disclosure Agreement (NDA). All documents in listing brokers possession can be found on Pg. 9 of Offering Memorandum. Contact listing broker for Offering Memorandum. The real estate itself consists of a spacious, one-level building with a lower level that has significant potential. The main level features a reception/office area on one side of the building that Parents Auto operates out of while NAPA currently leases the other side for their store. Parents Auto occupies 10,887 SF on the main level and 9,475 SF on the lower level. NAPA leases and occupies 2,276 SF on the main level. The space includes 10 car lifts and ample workspace, while the lower level offers additional open space ideal for extra work areas or storage. The building’s non-functioning boiler needs to be replaced with a new radiant heating system (bids are complete). The roof and HVAC system will require replacement. The property’s CM2 zoning allows for a range of permitted uses, including retail, office, or redevelopment. The surrounding area boasts strong demographics, with an average household income of $105,592 within a one-mile radius, further enhancing the site’s investment appeal. The current modified NAPA net lease expires March 31, 2025. Seller is currently negotiating an additional short term (1-2 year) lease extension with potential short-term option to renew. This prime location, combined with flexible zoning, makes 3610 Lyndale Ave S a compelling opportunity for owner-users, investors, or developers. All tours are coordinated by listing broker. DO NOT DISTURB THE TENANTS AT EITHER NAPA OR PARENTS AUTO.
Directions: On the corner of 36th and Lyndale Ave S

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Block: Yes
Brick/Stone: Yes

Financing Terms

Conventional: Yes

Flooring

Concrete Slab: Yes
Floor Drains: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lot Description

Corner Lot: Yes

Parking Characteristics

Parking Lot: Yes
Off Site: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

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

CMU Style

Business Opportunity: Yes
Freestanding: Yes
Other: Yes
Retail/Shopping Center: Yes

Current Use

Automobile Service: Yes
Business Service: Yes
Commercial: Yes
Retail: Yes

Loan Terms

Cash: Yes
Conventional: Yes
Other: Yes

Potential Use

Income: Yes
Industrial: Yes
Other: Yes
Retail: Yes
Shop: Yes