4601 Lyndale Ave N, Minneapolis

$895,000

Under Contract
0 Beds
0 Baths
4,148 Sqft
.27 Acres
0 Garages

Confidential Listing. Turnkey bar, restaurant, & building available FOR SALE. Price includes all FF&E. Price includes new ADA restrooms, & other work, being done for $120,000 now. 2018 gross revenues of $1,154,717 w/ an NOI of approximately $208,947 (expenses including $83,326 in voluntary accounting & security personnel costs). Expected NOI of approximately $242,000 in 2019. $50,000 in recent upgrades. New coolers/freezers, new stoves, newer chairs & tables, new security/camera system & metal detector. Full kitchen. Currently only liquor license north of Broadway Ave N in the City of Minneapolis. Located within walking distance to the 48 acre Upper Terminal Harbor redevelopment project on the Mississippi River. Great potential to increase food sales at this location. Outside patio. 953 sf apartment unit upstairs w/ separate entrance not currently being rented out, that with some renovation, can be rented out.

Essential Information
MLS® #5252366
Price$895,000
Square Footage4,148
Acres0.27
Year Built1912
TypeCommercial
StatusPending
Sub-Type

Apartments and Retail, Business Opportunity, Apartments/Multi Family

Style

Apartments and Retail, Business Opportunity, Apartments/Multi Family

Community Information
Address4601 Lyndale Ave N
AreaLind - Bohanon
SubdivisionCamden Park Add
CityMinneapolis
CountyHennepin
StateMN
Zip Code55412
Amenities
UtilitiesHeating Separate
GaragesUncovered/Open
Interior
HeatingForced Air
Exterior
ExteriorWood
Foundation4148
School Information
District1 - Minneapolis
Additional Information
Date ListedJune 19th, 2019
Days on Market173
ZoningBusiness/Commercial
Listing Details
OfficeSummerhill Commercial Real
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Listing information last updated on December 10th, 2019 at 9:20pm CST.