1517 W Lake Street, Minneapolis, MN

$895,000

1,193

Square feet

0.09

Acres

About 1517 W Lake Street

Strong investment property just two and a half blocks from beautiful Lake Bde Maka Ska on the edge of the Minneapolis’ vibrant Uptown area. This mixed-use building offers a rare opportunity to combine street-level retail visibility with spacious upper-level residential income. Positioned along West Lake Street, the property benefits from a dense urban trade area, strong nearby household incomes, and proximity to one of Minneapolis most recognizable commercial corridors. This property offers flexibility for an owner-user, investor, or small business operator seeking a recognizable Uptown address with both commercial frontage and residential space above. The combination of retail square footage, upper-level apartment area, historic character, and recent roof improvement creates a versatile opportunity in one of Minneapolis’ established urban neighborhoods. Mixed-use building with main-level retail and upper-level apartment space. • Owner-User Flexibility • Lower Level Storage • Top 2 Floors offer Residential Space • Prime Uptown Minneapolis location at 1517 W. Lake Street • Approximately 1,065 square feet of main-level retail space • Approximately 1,541 total square feet across the second and third-floor apartment • Building originally constructed in 1900 • Roof is approximately 2 years old • Nearly 500,000 residents within 5 miles of the property • Average household income within the area exceeds $100,000 per year

Features of 1517 W Lake Street

MLS® # 7134821
Price $895,000
Square Footage 1,193
Acres 0.09
Year Built 1900
Type Commercial
Status Active
Contingency Type None

Community Information

Address 1517 W Lake Street
Area 23
Subdivision Calhoun Park
City Minneapolis
County Hennepin
State MN
Zip Code 55408

Amenities

Utilities Electric Separate, Heating Separate, Hot Water Common
Parking Asphalt, Guest Parking, Parking Lot, Paved Lot, More Parking Onsite for Fee, Unassigned
Is Waterfront No
Has Pool No

Interior

Appliances Microwave, Range, Refrigerator, Stainless Steel Appliances
Heating Forced Air, Zoned
Cooling Central Air, Dual
Fireplace No
Has Basement Yes
Basement Block, Full

Exterior

Exterior Features Stone, Wood
Roof Age 8 Years or Less, Asphalt, Rubber

School Information

District Minneapolis

Additional Information

Zoning Business/Commercial
Foreclosure No
Short Sale No
Taxes $20,716
Tax Year 2026
Office RE/MAX Results

Listing Details

OfficeRE/MAX Results

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