For Sale Commercial MLS# 7134821

1517 W Lake Street

Minneapolis, MN 55408

$895,000

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About 1517 W Lake Street

Strong investment property just two and a half blocks from beautiful Lake Bde Maka Ska on the edge of the Minneapolis’ vibrant Uptown area. This mixed-use building offers a rare opportunity to combine street-level retail visibility with spacious upper-level residential income. Positioned along West Lake Street, the property benefits from a dense urban trade area, strong nearby household incomes, and proximity to one of Minneapolis most recognizable commercial corridors. This property offers flexibility for an owner-user, investor, or small business operator seeking a recognizable Uptown address with both commercial frontage and residential space above. The combination of retail square footage, upper-level apartment area, historic character, and recent roof improvement creates a versatile opportunity in one of Minneapolis’ established urban neighborhoods. Mixed-use building with main-level retail and upper-level apartment space. • Owner-User Flexibility • Lower Level Storage • Top 2 Floors offer Residential Space • Prime Uptown Minneapolis location at 1517 W. Lake Street • Approximately 1,065 square feet of main-level retail space • Approximately 1,541 total square feet across the second and third-floor apartment • Building originally constructed in 1900 • Roof is approximately 2 years old • Nearly 500,000 residents within 5 miles of the property • Average household income within the area exceeds $100,000 per year

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1900
Lot
0.09
Original price
$895,000
MLS #
7134821

Interior

Features
Central Air, Dual, Forced Air, Zoned, Block, Full, Wood, Microwave, Range, Refrigerator, Stainless Steel Appliances
Appliances
Microwave, Range, Refrigerator, Stainless Steel Appliances
Flooring
Wood
Heating
Forced Air, Zoned
Cooling
Central Air, Dual
Windows
Screens, Window Coverings, Blinds, Double Pane Windows, Insulated Windows

Exterior & lot

Features
Stone, Wood, Asphalt, Guest Parking, Parking Lot, Paved Lot, More Parking Onsite for Fee, Unassigned
Construction
Block, Age 8 Years or Less, Asphalt, Rubber, Screens, Window Coverings, Blinds, Double Pane Windows, Insulated Windows
Roof
Age 8 Years or Less, Asphalt, Rubber
Foundation
Block
Lot
0402824210031, Split Rail, Level, Commercial, Recreational, Retail
Fence
Split Rail
Parking
Asphalt, Guest Parking, Parking Lot, Paved Lot, More Parking Onsite for Fee, Unassigned

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Separate, Heating Separate, Hot Water Common
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$20,716
Tax year
2026
Parcel
0402824210031

Location

Subdivision
Calhoun Park
County
Hennepin
Neighborhood
ECCO
Community
Hennepin, City Street, Curbs, Paved Streets, Sidewalks, northstar, Minneapolis
Directions
South side of West Lake Street. Between Irving and Humbolt

Location

Neighborhood
ECCO
Subdivision
Calhoun Park
School district
Minneapolis Public School District

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Listed by Julie A Trones, RE/MAX Results

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.