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1500 E Lake St

16,160 SF Specialty Building Offered For Sale in Minneapolis, MN 55407

Schools Minnesota Minneapolis 1500 E Lake St, Minneapolis, MN 55407

Investment Highlights

  • Located in the vibrant East Lake neighborhood of Midtown Phillips.
  • The building features a newly remodeled office, kitchenette, and board room as of 2021.
  • There is an ADA bathroom on the main level.
  • Within the Opportunity Zone which can offer certain tax incentives to investors.
  • The HVAC system was updated in 2018.
  • Excellent visibility on the main corridor, with strong connection to public transit, freeway access and an array of restaurants and businesses.

Executive Summary

The iconic Avalon Theater is nestled in the vibrant East Lake Street neighborhood of Midtown Phillips. It is in the heart of a bustling Opportunity Zone, which can offer certain tax incentives to investors. Notable for the signature art deco exterior façade and towering marquee, this expansive space accommodates a variety of potential uses ranging from theater to community or educational space, place of worship, or fitness center. The options are truly vast. The building features a newly remodeled office, kitchenette, and board room (2021), updated HVAC system (2018), as well as an ADA bathroom on the main level. It has excellent visibility on a commercial corridor, strong connection to public transit, freeway access, & an array of restaurants, area businesses and a thriving residential community.

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type Investment or Owner User No. Stories 2
Property Type Specialty Year Built 1937
Property Subtype Schools Tenancy Single
Building Class C Parking Ratio 1.24/1,000 SF
Lot Size 0.19 AC Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Size 16,160 SF Parcel Number 35-029-24-43-0153
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Schools
Building Class C
Lot Size 0.19 AC
Building Size 16,160 SF
No. Stories 2
Year Built 1937
Tenancy Single
Parking Ratio 1.24/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parcel Number 35-029-24-43-0153
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Walk Score ®
Very Walkable (85)
Bike Score ®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code BFC6/CM2
BFC6/CM2
(612) 308-9179

Contact

  • Listing ID: 34340009

  • Date on Market: 2025-01-01

  • Last Updated:

  • Address: 1500 E Lake St, Minneapolis, MN 55407

The Specialty Property at 1500 E Lake St, Minneapolis, MN 55407 is currently available for sale. Contact Assembly for more information.

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1500 E Lake St
(612) 308-9179 x

1500 E Lake St

Merrie Sjogren

(612) 308-9179

(612) 308-9179

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