3040 Lyndale Avenue S, Minneapolis, MN

$1,150,000

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0.38

Acres

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

OfficeNorthstar Real Estate Associates

Listing Map

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