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
| Office | RE/MAX Results |
|---|