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
Listing Courtesy of: RE/MAX Results
612-384-9019
| Listing Id: | 7134821 |
|---|---|
| List Price: | $895,000 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Tax Annual Amount: | $20,716 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 23 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Calhoun Park |
| Postal Code: | 55408 |
| Year Built: | 1900 |
| Number Of Units Total: | 1 |
| Accessibility Features: | Wheelchair Ramp(s), Soaking Tub |
| Appliances: | Microwave, Range, Refrigerator, Stainless Steel Appliances |
| Basement: | Yes |
| Basement: | Block, Full |
| Cooling: | Central Air, Dual |
| Current Use: | Commercial, Recreational, Retail |
| Directions: | South side of West Lake Street. Between Irving and Humbolt |
| Fencing: | Split Rail |
| Flooring: | Wood |
| Foundation Area: | 1,193 |
| Garage Spaces: | 0 |
| Heating: | Forced Air, Zoned |
| High School District: | Minneapolis |
| Inclusions: | Building |
| Listing Contract Date: | 2026-09-04 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.09 |
| Lot Size Dimensions: | 43x92 |
| Lot Size Units: | Acres |
| Amenities Unit: | Balcony, Ceiling Fan(s), Deck, Kitchen Center Island, Kitchen Window, Natural Woodwork, Porch, Panoramic View, Vaulted Ceiling(s), Washer/Dryer Hookup |
| Assessment Pending: | No |
| Ceiling Height: | Varied Heights |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Electric |
| Lender Owned: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | Two |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Tax With Assessments: | $22,814 |
| Parcel Number: | 0402824210031 |
| Parking Features: | Asphalt, Guest Parking, Parking Lot, Paved Lot, More Parking Onsite for Fee, Unassigned |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 04 |
| Public Survey Township: | 28 |
| Road Frontage Type: | City Street, Curbs, Paved Streets, Sidewalks |
| Road Responsibility: | Public Maintained Road |
| Roof: | Age 8 Years or Less, Asphalt, Rubber |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Topography: | Level |
| Utilities: | Electric Separate, Heating Separate, Hot Water Common |
| Window Features: | Screens, Window Coverings, Blinds, Double Pane Windows, Insulated Windows |
| Water Source: | City Water/Connected |
| Zoning Description: | Business/Commercial |
| Possible Use: | Office, Professional Service, Retail, Diversified, Income, Lounge/Bar |
| Township: | Minneapolis |
| Com Kitchen Amen Desc: | Refrigerator, Dishwasher, Oven |
| Patio Porch Type: | Composite Decking, Deck, Rear Porch |
| For Sale Or Lease: | For Sale |
| Exterior Features: | Stone, Wood |
| Foundation Details: | Block |
| Commercial Style Type: | Apartments and Retail |
| School District Full Name: | 1 - Minneapolis |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:23 PM - CT
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Property Last Updated: October 08, 2026 04:23 PM - CT
