4123 East Lake Street

Minneapolis, MN 55406
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Property Description

4123 East Lake Street
Minneapolis, MN 55406

Status: For Sale

Property Type: Office

12,968 SF Office Building For Sale On Lake Street!

4123 East Lake Street is centrally located in the urban neighborhood of Longfellow in Minneapolis and is an excellent opportunity for an owner/user. The property is an attractive 2 story, 12,968 square foot office building situated on a .26-acre parcel on the corner of East Lake Street and 42nd Avenue S. The building has been very well maintained, is in excellent condition, and offers an adjoining parking lot with 10 dedicated parking spaces.

The current owner is in the process of building a new location and plans to give occupancy in Fall of 2020. They are open to a leaseback until that time.

Highlights and Features: 

  • County: Hennepin 
  • Year Built: 1940 
  • Parcel Size: 0.26 Acres 
  • Number of Floors: 2 stories (with a partial basement of 843 sf) 
  • PID Numbers: 0602823120001, 0602823120002, 0602823120003, 0602823120004 
  • Fully sprinklered 
  • Building signage 
  • Elevator: 1 
  • Zoning: C1 
  • Parking Spaces: 10 designated with ample unmetered street parking 
  • Exterior: Concrete masonry with face brick and stucco 
  • Roof: 2 Level Flat, Lower Roof: EPDM, Upper Roof: Pitch and gravel 
  • HVAC: 2 rooftop condensing units, 6 packaged rooftop units and one basement furnace 
  • Metro Transit Service: Route 4, Route 5, Route 9, Route 14, and Light Rail Blue Line

Demographics and Traffic Counts: 

  • 2018 Average Population: 1 mile - 9,288, 3 miles - 110,216 and 5 miles - 313,284 
  • 2018 Average Household Income: 1 mile - $80,864, 3 miles - 62,817 and 5 miles - $62,621 
  • Traffic Counts: Lake Street -12,900 vpd and 42nd Ave S - 4,450 vpd

Available For Sale: 12,968 SF 

  • 2019 Tax: Exempt 
  • Sale Price: $1,590,000.00