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$599,000

  • For Sale
  • Active
  • Commercial
  • 3,000 Sq. Ft.
  • 0.05 Acres
See This Home
Save This Home
See This Home
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Prime business location on busy street in South Minneapolis! Set up for bar/coffee shop, some fixtures in place for restaurant use. Large windows, hardwood floors, sunny space with small patio in rear. Completely rebuilt in 2017 with updated fixtures and efficient heating and air conditioning. Code compliant and ready for move-in.

Full Property Details for 3016 E Lake St

General

  • Price: $599,000
  • Taxes: $9,642 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7067490
  • Updated: 5/4/2026
  • Added to Site: 22 day(s) ago

Interior

  • Appliances: Air-To-Air Exchanger, Gas Water Heater, Stainless Steel Appliances, Wine Cooler
  • Flooring: Tile, Wood

Additional Information

  • Amenities: Cable, Ceiling Fan(s), City View, Multiple Phone Lines, Natural Woodwork, Patio, Paneled Doors, Security System

Exterior

  • Porch/Patio/Deck: Patio

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: South Side Add
  • Neighborhood: 44
  • Driving Directions: South Minneapolis. East Lake Street, between 30th Ave. South and 31st.

School Information

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

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer in Street
  • Water: City Water (In-Street)
  • Utility Description: Electric Separate

Structural Information

  • Exterior Const.: Block, Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Other
  • Foundation Size: 1600
  • Roof: Age 8 Years or Less, Rubber
  • Ceiling Height: 11-15
  • Disability Access: Doors 36"+, Accessible Elevator Installed, Grab Bars In Bathroom, Hallways 42"+, Door Lever Handles, Raised Outlets
  • Square Feet: 3,000
  • Finished Down/Base.: 3,000 Sq. Ft.
  • Current Bldg. Use: Bar/Tavern
  • Year Built: 1916

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Dimensions: 89' x 22'
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Potential Use: Office, Professional Service, Restaurant, Retail, Shop, Grocery, Lounge/Bar
  • Zoning: Business/Commercial
  • Lot Description: Public Transit (w/in 6 blks), Zero Lot Line
  • Fencing (Description): Wood

Financial Considerations

  • Operating Expenses: $26,000
  • Tax Amount: $9,642
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: See Remarks
  • Tenant Pays: See Remarks

Disclosures and Reports

  • Legal Description: BLOCK 027 SOUTH SIDE ADDN TO MPLS THAT PART OF THE S 3 FT OF LOT 10 THAT PART OF LOT 11 AND THAT PART OF THE N 38 FT OF LOT 12 LYING W OF THE E 108 FT OF SAID LOTS 10 11 AND 12
  • Inclusions: Building
  • Property ID: 3602924440142

Listed by Jeff Zeitler

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Listing agent

— 3016 E Lake St —

  • Jeff Zeitler

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3016 E Lake St

School District:Minneapolis Public School District
NameGradesDistance
Anishinabe Academy
3100 East 28th Street, Minneapolis, MN 55406
PK-50.3 mi
Dowling Elementary School
3900 West River Parkway, Minneapolis, MN 55406
K-51.6 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-81.6 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-120.8 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 3016 E Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/04/2026
Listed
$599,000
281.53%
MLS
6/07/2002
Sold
$157,000
—
Public Record
Get Price Alerts and Save Property
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 3016 E Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,813
27%
$345,000
15%
2023
$7,717
-4%
$300,000
—
2023
$8,040
—
$300,000
21%
2023
$8,040
33%
$248,000
15%
2020
$6,062
4%
$215,500
5%
2019
$5,832
34%
$205,000
24%
2018
$4,364
-12%
$165,000
3%
2017
$4,974
12%
$160,000
13%
2016
$4,450
-7%
$142,000
—
2015
$4,763
-10%
$142,000
-7%
2014
$5,286
-18%
$152,000
-6%
2013
$6,439
—
$161,000
—
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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NMLS#: 1598647

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Listed by Jeff Zeitler

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3016 E Lake Street, Minneapolis, MN 55406 (MLS# 7067490) is a Commercial property. 3016 E Lake Street is currently listed for $599,000 and was received on May 04, 2026. Want to learn more about 3016 E Lake Street? Do you have questions about finding other Commercial real estate for sale in Longfellow? You can browse all Longfellow real estate or contact a Coldwell Banker agent to request more information.

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