About 3040 Lyndale Avenue S
Welcome to 3040 Lyndale Ave S & 3045 Aldrich Ave S — a **RARE TWO-ADDRESS SALE** 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. Two addresses. Two parcels. 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.
Features of 3040 Lyndale Avenue S
| MLS® # | 7004216 |
|---|---|
| Price | $1,150,000 |
| Acres | 0.38 |
| Year Built | 1930 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 3040 Lyndale Avenue S |
|---|---|
| Area | 70 |
| Subdivision | Auditors Sub 040 |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55408 |
Amenities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|---|
| Parking | Attached Garage, Covered, Paved Lot |
| # of Garages | 3 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Exterior Features | Aluminum Siding, Stone |
|---|---|
| Lot Description | Corner Lot |
| Roof | Age 8 Years or Less |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 197 |
|---|---|
| Zoning | Business/Commercial,Lot |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Northstar Real Estate Associates |
|---|
