For Sale: Minneapolis MLS# 7042685
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
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!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,599,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
32
County:
Hennepin
Year Built:
1911
State:
MN
Property Style:
Other
Zip Code:
55407
Neighborhood/Area:
54
Interior
Basement Details:
Full
Exterior
Garage Spaces:
32
Air Conditioning:
Central Air
Foundation Size:
2,684 ft2
Fencing:
Wood
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Open
- Parking Lot
Unit Amenities:
None
Road Frontage:
City Street
Roof Details:
Flat
Lot & Land
Acres:
0.48
Geolocation:
44.948617, -93.258114
Inclusions:
Building, Leases, Other
Lot Dimensions:
180 x 114
Addl Parcels:
35029240019, 3502924240018, 3502924340021
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$20,758
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$21,858
Income
Annual Gross Income:
$279,696
Rent
Annual Net Income:
None
Units
Total Units:
11
Miscellaneous
Current Use:
- Professional Service
- Professional/Office
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Northstar Real Estate Associates.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.