1405 East Lake Street

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1405 East Lake Street

Minneapolis, MN 55407
Asking Price
$3.20M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 1405 East Lake Street in Minneapolis.
  • Commercial land asset priced at 3,200,000 dollars.
  • Property situated within the high-traffic Midtown neighborhood corridor.
  • Land parcel suitable for diverse commercial development projects.
  • Strategically positioned in an established Minneapolis urban submarket.

What's Special

Situated in the Midtown corridor of Minneapolis, this commercial land parcel occupies a prominent position along East Lake Street. This vibrant district serves as a key commercial artery within the city, drawing from a dense residential population and a steady flow of local traffic. The site provides a flexible canvas for developers seeking to establish a footprint in one of the metro area's most established urban corridors. Given its placement in a high-density zone, the property is well-suited for mixed-use retail, professional services, or specialized commercial development tailored to the needs of the surrounding community. Investors and builders will appreciate the logistical advantages of this central location, which maintains excellent connectivity to the broader Minneapolis transit network. As the city continues to see ongoing investment in its neighborhood commercial hubs, this site presents a functional opportunity for ground-up construction. Prospective buyers should conduct their due diligence regarding local zoning requirements and site capacity to ensure alignment with specific development goals within this active Minneapolis submarket.

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248

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