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$419,000

  • For Sale
  • Active
  • Commercial
  • 4,066 Sq. Ft.
  • 0.18 Acres
See This Home
Save This Home
See This Home
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You do not want to miss this great investment and cash flowing opportunity! Nicely located in the Longfellow neighborhood of Minneapolis and close to several local amenities, Easy access to major roadways and public transportation. This beauty consists of four commercial spaces and one 2 bed/1 bath unit, Many of the units have been rented with long term tenants, 11 Parking spots and on-street parking too! 1 Loading Dock for each lower space. Cosmetic TLC needed. Seller Financing Available.

Full Property Details for 3318 E Lake St

General

  • Price: $419,000
  • Taxes: $12,182 (2023)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6561135
  • Updated: 11/25/2025
  • Added to Site: 569 day(s) ago

Interior

  • Appliances: Gas Water Heater, Range, Refrigerator

Additional Information

  • Shared Amenities: Other

Parking

  • Parking Features: Asphalt, Guest Parking, On-Street Parking Only, Other, Paved

Location

  • County: Hennepin
  • Subdivision: South Minneapolis Add
  • Neighborhood: Longfellow
  • Driving Directions: Heading northeast on MN-55 / Hiawatha Ave toward E 33rd St, Take the ramp on the right for E Lake St/ County -3 and head toward E Lake St, Turn right onto E Lake St/ County Hwy-3, Arrive at 3318 E Lake St on your left.

School Information

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

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Boiler
  • Heating Fuel: Electric, Natural Gas

Utilities

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

Structural Information

  • Exterior Const.: Block, Stucco
  • Basement: Yes
  • Basement Desc.: Block, Concrete
  • Foundation Size: 2320
  • Roof: Age Over 8 Years, Rubber
  • Disability Access: None
  • Square Feet: 4,066
  • Finished Down/Base.: 4,066 Sq. Ft.
  • Current Bldg. Use: Commercial, Manufacturing, Office, Other, Professional Service, Residential, Warehouse
  • Year Built: 1926

Unit Information

  • Units w/Refrigerators: 1
  • Units w/Range/Oven: 1

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Dimensions: 92.32 x 86
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Zoning: Business/Commercial
  • Lot Description: Public Transit (w/in 6 blks)

Financial Considerations

  • Tax Amount: $12,182
  • Tax Year: 2023
  • Owner Pays: Electricity, Fuel, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: BLOCK 006 SOUTH MINNEAPOLIS ADDN TO MPLS W 92 32/100 FT EX PART TAKEN FOR ST LOTS 11 AND 12
  • Inclusions: Building, Fixture/Equipment
  • Property ID: 3102923330120

Listed by Edina Realty, Inc.

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Listing agent

— 3318 E Lake St —

  • Edina Realty, Inc.

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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 3318 E Lake St

School District:Minneapolis Public School District
NameGradesDistance
Dowling Elementary School
3900 West River Parkway, Minneapolis, MN 55406
K-51.5 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-81.8 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-121 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 3318 E Lake St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/25/2025
Price Reduced
$419,000
-2.33%
MLS
8/14/2025
Price Reduced
$429,000
-2.28%
MLS
7/23/2025
Price Reduced
$439,000
-1.35%
MLS
5/23/2025
Price Reduced
$445,000
-1.98%
MLS
4/10/2025
Price Reduced
$454,000
-3.2%
MLS
6/28/2024
Listed
$469,000
—
MLS
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 3318 E Lake St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,011
19%
$112,000
10%
2023
$10,077
-17%
$101,800
10%
2023
$12,182
—
$92,500
9%
2023
$12,182
12%
$84,900
-73%
2020
$10,875
2%
$317,500
5%
2019
$10,664
8%
$302,500
10%
2018
$9,894
—
$275,000
9%
2017
$9,910
1%
$252,000
5%
2016
$9,834
-3%
$240,000
—
2015
$10,185
-4%
$240,000
—
2014
$10,622
-1%
$240,000
—
2013
$10,710
—
$240,000
—
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.

Estimate the Cost for 3318 E Lake St

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NMLS#: 1598647

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Listed by Edina Realty, Inc.

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3318 E Lake Street, Minneapolis, MN 55406 (MLS# 6561135) is a Commercial property. 3318 E Lake Street is currently listed for $419,000 and was received on June 28, 2024. Want to learn more about 3318 E 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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