2953 & 2957 Lyndale Avenue South

Minneapolis, MN 55408
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Property Description

2953-2957 Lyndale Avenue S
Minneapolis, MN 55408

Status: For Sale,For Lease

Property Type: Mixed Use,Multi-Family,Retail


FOR SALE - $3,550,000.00

This is a rare opportunity to own a landmark property situated at the high visibility corner of Lyndale and Lake in Minneapolis.

The property consists of two parcels, one featuring apartments and retail/restaurants encompassing 18,703 SF with 2 occupied restaurants (PKMS and Trio), 1 occupied retail space (The Lasherie), and 6 occupied apartment units (1, 2 and 3-bedroom apartments) as well as a Clear Channel Billboard.

The other parcel features a large outdoor patio and parking lot (7 spaces) with 5,243 SF.

The property is available for the first time in over 30 years. The property is 95% occupied featuring a beautiful brick exterior, patio, 2 full-service restaurants along with 2 full commercial kitchens. The property is priced at $3,550,000.

The restaurants, apartments, and retail feature very tall ceilings and windows throughout. The restaurants and retail spaces have been completely updated. The property has been well maintained and had a new roof installed in 2019. The property is situated in an Opportunity Zone.


Address: 2957 Lyndale Avenue S Minneapolis, MN 55408

  • PID: 34-029-24-33-0105
  • Use: Mixed-use apartment and
  • retail/restaurant
  • Building SF: 18,703
  • Site Size: .13 acres
  • Zoning: C3A

Address: 2953 Lyndale Avenue S Minneapolis, MN 55408

  • PID: 34-029-24-33-0107
  • Use: Commercial Lot (patio and parking)
  • Building SF: 5,243
  • Site Size: .12 acres
  • Parking Stalls: 7
  • Zoning: C3A
  • Opportunity Zone: Yes
  • Occupancy: 95%