3401-3405 S Lyndale Ave - Storefront Retail/Residential FOR SALE


Minneapolis, MN 55408- Lyndale
$1,350,000 USD
651-256-7404
3401-3405 S Lyndale Ave, Minneapolis, MN for Sale
$1,350,000 USD
Storefront Retail/Residential - FOR SALE
1/43
null | Request Cap Rate

3401-3405 S Lyndale Ave
Minneapolis, MN 55408
Lyndale


HIGHLIGHTS

  • Three HVAC systems serve both properties. Well cared for mechanicals throughout.
  • Very large back walk-in freezer, cooler are fully functional and well maintained. There is also a dry storage walk-in.
  • Ample on-street parking. High local foot traffic location on Lyndale Ave South. This is a prime, dynamic, and bustling area of South Minneapolis
  • See TikTok for countless videos from patrons who love the restaurant and atmosphere.
  • NO SELLER FINANCING OPTIONS. New financing required. NO environmental reports completed to date. No known hazards.
  • DO NOT DISTURB THE BUSINESS. ALL TOURS THROUGH LISTING BROKERS BY APPOINTMENT ONLY: Contact Mark Hulsey and Hayden Hulsey, CCIM

OVERVIEW

3401 & 3405 Lyndale Ave. South has been home to Sonny’s Ice Cream, family owned and operated for decades. Results Commercial is selling ONLY the real estate, however, the restaurant and commercial kitchen, along with a majority of the Furnishings, Fixtures and Equipment (FF&E) will be included in the sale. NO lease-back interest from the Sellers. Excellent opportunity for a new operator of the restaurant, café, or bistro to step in and begin operations quickly in a high demand South Minneapolis location. Fully operational street level commercial kitchen. Formerly two separate buildings but now connected with a walkway. Two separate PID#s with Hennepin County. (See OM details for square footage breakdowns and floor plans for both buildings.) • Quaint, gorgeous old world European café with a minimum of 35-40 seats inside and three separate beautiful outdoor areas which add an additional 70 seats (piazza, front, 34th street side). • The entire property is beautifully landscaped from the front to back with over 100 ft of boulevard garden. The front garden of 3405 was designed by a renowned Japanese landscape architect. • Lovely, remodeled one bedroom apartment on 2nd level of 3405 building. Currently owner suite and will vacate following sale. • Owners have worked with the city to keep storefront street open - free from parking & bus stops • Sonny's Cafe has 2 hoods - 1 in the main kitchen (11' wide) and one in the storefront dishwasher (new and never used). Both are in excellent condition. • VALUE ADD: Two large storage spaces on the MAIN level of both buildings. Prime storefront expansion opportunities. (3405 can open into piazza and 3401 can open into existing café space, side seating, and/or kitchen). • This is prime value-add space that investors and owner operators are seeking. Listing brokers can explain further with examples of market rents for main level retail on Lyndale Ave South. • Office space directly above the cafe with potential for other use.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Sonny's Cafe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CM2

APN/PARCEL ID

03-028-24-32-0058,03-028-24-32-0060

ASK ABOUT THIS PROPERTY

Mark HulseyResults CommercialMore Info
651-256-7404

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Mark HulseyResults CommercialMore Info
651-256-7404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.