For Sale Commercial MLS# 7004216

3040 Lyndale Avenue S

Minneapolis, MN 55408

$849,999

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About 3040 Lyndale Avenue S

Welcome to 3040 Lyndale Ave S in the heart of the highly sought-after Lyn-Lake neighborhood (CM3 Zoning).

This is not just real estate — this is a high-visibility corner asset positioned for strong cash flow, brand presence, and long-term upside. Located at Lyndale & 31st, the property offers exceptional street exposure, high daily traffic, abundant on-site parking across both parcels, attached garage stalls, and a flexible multi-level layout ideal for a wide range of uses. The layout is perfectly suited for a flagship cannabis dispensary with built-in separation for retail and operations, plus the opportunity to create a discreet, speakeasy-style entrance leading to a lower-level consumption lounge — a rare and highly desirable experiential concept. Beyond cannabis, the asset easily translates into **multiple high-demand concepts**, including: -Suite-style salon with café component -Full-service salon with rental booth income -Elevated vintage café + curated bookstore -Boutique office or creative headquarters -Wellness, medical, or detox facility (inpatient/outpatient) - One-of-a-kind boutique bed & breakfast, offering a unique stay experience in one of Minneapolis’ most vibrant districts For investors, this is where it gets compelling — the property’s layout and zoning make it easy to lease, reposition, or multi-tenant for diversified income streams. And for those thinking long-term: generate income now while planning a future redevelopment to fully unlock the potential of this prime corner site. Strong parking. Multiple revenue paths. Opportunities with this level of flexibility, visibility, and upside rarely come to market. Secure your footprint in one of Minneapolis’ most active and evolving corridors.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1930
Stories
Three Or More
Living area
7,600 sqft
Price / sqft
$112
Lot
0.38
Original price
$1,300,000
MLS #
7004216

Interior

Features
Central Air, Forced Air, Full, Unfinished
Heating
Forced Air
Cooling
Central Air

Exterior & lot

Features
Aluminum Siding, Stone, Attached Garage, Covered, Paved Lot
Construction
Three Or More, Combination, Age 8 Years or Less
Roof
Age 8 Years or Less
Foundation
Combination
Lot
0402824110013, Professional/Office, Commercial, Office, Professional Service, Retail
Parking
Attached Garage, Covered, Paved Lot
Garage spaces
3

Schools

District
Minneapolis Public School District

Utilities

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

Financial

Financial
northstar
Annual tax
$21,190
Tax year
2025
Parcel
0402824110013

Location

Subdivision
Auditors Sub 040
County
Hennepin
Neighborhood
Carag
Community
Hennepin, City Street, northstar, Minneapolis
Directions
Excellent location on the convenient corner of Lyndale and 31st in the Lyn-Lake neighborhood Minneapolis.

Location

Neighborhood
Carag
Subdivision
Auditors Sub 040
School district
Minneapolis Public School District

Ask about this property

Questions on 3040 Lyndale Avenue S, Minneapolis, MN 55408, or want to see it in person?

Listed by Naj A, Northstar Real Estate Associates

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.