For Sale: Minneapolis MLS# 7004216
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Property Description
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,225,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
3
County:
Hennepin
Year Built:
1930
State:
MN
Property Style:
Other
Zip Code:
55408
Neighborhood/Area:
70
Subdivision Name:
Auditors Sub 040
Interior
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Three Or More
Garage Spaces:
3
Air Conditioning:
Central Air
Foundation Size:
1,848 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Covered
- Paved Lot
Unit Amenities:
Patio
Road Frontage:
City Street
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.38
Geolocation:
44.946818, -93.28863
Inclusions:
Building
Lot Dimensions:
62 x 237
Zoning:
- Business/Commercial
- Lot
Lot Description:
Corner Lot
Schools
School District:
558
District Phone:
6126680000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$21,190
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$29,205
Units
Total Units:
1
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Professional/Office
- Retail
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Northstar Real Estate Associates.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.