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$895,000

  • For Sale
  • Active
  • Commercial
  • 0.09 Acres
  • Updated 11 days ago
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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

Full Property Details for 1517 W Lake St

General

  • Price: $895,000
  • Taxes: $20,716 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7134821
  • Updated: 9/5/2026
  • Added to Site: 12 day(s) ago

Interior

  • Appliances: Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Flooring: Wood

Additional Information

  • Amenities: Balcony, Ceiling Fan(s), Deck, Kitchen Center Island, Kitchen Window, Natural Woodwork, Porch, Panoramic View, Vaulted Ceiling(s), Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Composite Decking, Deck, Rear Porch

Parking

  • Parking Features: Asphalt, Guest Parking, Parking Lot, Paved Lot, More Parking Onsite for Fee, Unassigned

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Calhoun Park
  • Neighborhood: 23
  • Driving Directions: South side of West Lake Street. Between Irving and Humbolt

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air, Dual
  • Heating Type: Forced Air, Zoned
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Common

Structural Information

  • Basement: Yes
  • Basement Desc.: Block, Full
  • Foundation Size: 1193
  • Roof: Age 8 Years or Less, Asphalt, Rubber
  • Ceiling Height: Varied Heights
  • Disability Access: Wheelchair Ramp(s), Soaking Tub
  • Current Bldg. Use: Commercial, Recreational, Retail
  • Year Built: 1900

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Dimensions: 43 x 92
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks
  • Potential Use: Office, Professional Service, Retail, Diversified, Income, Lounge/Bar
  • Zoning: Business/Commercial
  • Fencing (Description): Split Rail

Financial Considerations

  • Tax Amount: $20,716
  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: BLOCK 018 CALHOUN PARK E 43 22/100 FT OF W 85 88/100 FT LOTS 11 AND 12
  • Inclusions: Building
  • Property ID: 402824210031

Listed by RE/MAX Results

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Schools serving 1517 W Lake St

School District:Minneapolis Public School District
NameGradesDistance
Kenwood Elementary School
2013 Penn Avenue South, Minneapolis, MN 55405
K-51 mi
Anwatin Middle Com & Spanish D I
256 Upton Avenue South, Minneapolis, MN 55405
6-82 mi
North Academy Senior High
1500 James Avenue North, Minneapolis, MN 55411
9-123.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1517 W Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/04/2026
Listed
$895,000
43.43%
MLS
3/01/2013
Sold
$624,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1517 W Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,814
7%
$811,000
186%
2025
$21,306
12%
$283,900
1%
2023
$18,990
12%
$281,800
15%
2023
$16,976
—
$245,000
-11%
2023
$16,976
-15%
$276,000
-63%
2020
$20,024
-1%
$737,000
3%
2019
$20,294
15%
$719,000
15%
2018
$17,655
10%
$625,000
4%
2017
$16,027
-3%
$600,000
—
2016
$16,440
-4%
$600,000
—
2015
$17,121
2%
$600,000
6%
2014
$16,863
—
$564,500
—
2013
$16,833
—
$564,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1517 W Lake Street, Minneapolis, MN 55408 (MLS# 7134821) is a Commercial property. 1517 W Lake Street is currently listed for $895,000 and was received on September 04, 2026. Want to learn more about 1517 W Lake Street? Do you have questions about finding other Commercial real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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