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$1,300,000

  • For Sale
  • Active
  • Commercial
  • 7,600 Sq. Ft.
  • 0.38 Acres
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This rare two-address opportunity includes both 3040 Lyndale Ave S and 3045 Aldrich Ave S in the heart of the highly desirable Lyn-Lake neighborhood, offering unmatched flexibility and value with all furniture included at no extra cost at the seller's discretion. The non-historic corner building retains its original charm and features four levels totaling approximately 7,600 square feet, including a usable leased basement, 9+ executive offices, multiple co-working and collaborative spaces, three attached garage stalls, and a five-car on-site parking lot, while the second parcel provides a ten-car parking lot with flexibility for future development. 3040 Lyndale is zoned CM3 and allows for retail, office, residential, multifamily, or live-work uses and currently generates $1,525 per month from two month-to-month tenants, providing immediate cash flow. 3045 Aldrich is zoned UN3 and is ideal for residential. Located at the high-visibility corner of Lyndale and 31st, this is a rare chance to own a versatile, income-producing property in one of Minneapolis' hottest area. Please do not disturb tenants and schedule all tours through the listing brokers.

Full Property Details for 3040 Lyndale Ave S

General

  • Price: $1,300,000
  • Taxes: $21,190 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7004216
  • Updated: 1/2/2026
  • Added to Site: 50 day(s) ago

Additional Information

  • Amenities: Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 3
  • Parking Features: Attached Garage, Covered, Paved Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Auditors Sub 040
  • Neighborhood: 70
  • Driving Directions: Excellent location on the convenient corner of Lyndale and 31st in the Lyn-Lake neighborhood Minneapolis.

School Information

  • School District: 558 - 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 Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Foundation Size: 1848
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 7,600
  • Finished Down/Base.: 7,600 Sq. Ft.
  • Current Bldg. Use: Professional/Office, Commercial, Office, Professional Service, Retail
  • Year Built: 1930

Lot Features

  • Lot Size (Acres): 0.38
  • Lot Dimensions: 62 x 237
  • Frontage: City Street
  • Zoning: Business/Commercial, Lot
  • Lot Description: Corner Lot

Financial Considerations

  • Tax Amount: $21,190
  • Tax Year: 2025
  • Terms: Contract for Deed, Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT 011 AUDITOR'S SUBD. NO. 040
  • Inclusions: Building
  • Property ID: 402824110013

Listed by Northstar Real Estate Associates

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Listing agent

— 3040 Lyndale Ave S —

  • Northstar Real Estate Associates

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 3040 Lyndale Ave S

School District:Minneapolis Public School District
NameGradesDistance
Kenwood Elementary School
2013 Penn Avenue South, Minneapolis, MN 55405
K-51.4 mi
Anwatin Middle Com & Spanish D I
256 Upton Avenue South, Minneapolis, MN 55405
6-82.4 mi
North Academy Senior High
1500 James Avenue North, Minneapolis, MN 55411
9-123.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3040 Lyndale Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/02/2026
Listed
$1,300,000
18.18%
MLS
12/31/2024
Sold
$1,100,000
—
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 3040 Lyndale Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$29,205
7%
$693,000
1%
2023
$27,197
5%
$687,500
7%
2023
$25,923
—
$644,000
-10%
2023
$25,923
-10%
$716,000
3%
2020
$28,900
12%
$692,000
3%
2019
$25,912
—
$675,000
6%
2018
$25,830
—
$635,500
5%
2017
$25,860
-2%
$605,000
—
2016
$26,297
4%
$605,000
10%
2015
$25,195
-4%
$550,000
—
2014
$26,209
-8%
$550,000
-11%
2013
$28,460
—
$617,500
—
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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Listed by Northstar Real Estate Associates

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3040 Lyndale Avenue S, Minneapolis, MN 55408 (MLS# 7004216) is a Commercial property. 3040 Lyndale Avenue S is currently listed for $1,300,000 and was received on January 02, 2026. Want to learn more about 3040 Lyndale Avenue S? Do you have questions about finding other Commercial real estate for sale in Calhoun-Isles? You can browse all Calhoun-Isles real estate or contact a Coldwell Banker agent to request more information.

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