3040 Lyndale AVE S Minneapolis, MN 55408
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Auditors Sub 040
MLS Listing ID 7004216
Year Built 1930
Annual Tax Amount $21,190
Tax Year 2025
Contingent None
Lot Dimensions 62x237
Property Description
This is not just real estate — this is a high-visibility corner asset positioned for strong cash flow, brand presence, and long-term upside. Located at Lyndale & 31st, the property offers exceptional street exposure, high daily traffic, abundant on-site parking across both parcels, attached garage stalls, and a flexible multi-level layout ideal for a wide range of uses.
The layout is perfectly suited for a flagship cannabis dispensary with built-in separation for retail and operations, plus the opportunity to create a discreet, speakeasy-style entrance leading to a lower-level consumption lounge — a rare and highly desirable experiential concept.
Beyond cannabis, the asset easily translates into **multiple high-demand concepts**, including:
-Suite-style salon with café component
-Full-service salon with rental booth income
-Elevated vintage café + curated bookstore
-Boutique office or creative headquarters
-Wellness, medical, or detox facility (inpatient/outpatient)
- One-of-a-kind boutique bed & breakfast, offering a unique stay experience in one of Minneapolis' most vibrant districts
For investors, this is where it gets compelling —
the property's layout and zoning make it easy to lease, reposition, or multi-tenant for diversified income streams.
And for those thinking long-term: generate income now while planning a future redevelopment to fully unlock the potential of this prime corner site.
Two addresses. Two parcels. Strong parking. Multiple revenue paths.
Opportunities with this level of flexibility, visibility, and upside rarely come to market.
Secure your footprint in one of Minneapolis' most active and evolving corridors.
Location
State MN
County Hennepin
Zoning Business/Commercial,Lot
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building
Fireplace No
Exterior
Parking Features Attached Garage, Covered, Paved Lot
Garage Spaces 3.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Age 8 Years or Less
Present Use Professional/Office,Commercial,Office,Professional Service,Retail
Building
Lot Description Corner Lot
Story Three Or More
Foundation 1848
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District Minneapolis
NEARBY SCHOOL & BUSINESS
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