9329 Lyndale AveMinneapolis, MN 55420

  • Commercial real estate
  • 7,198 SF
For Sale
$3,500,000 View listing

Property Details for 9329 Lyndale Ave

Year built
1966
Lot size
0.96 AC
Property size (Sq ft)
7,198 SF
Property type
Commercial real estate
APN
10-027-24-33-0020
APU
1002724330020

Description

This exceptional 5,000 square foot retail property, formerly David Fong's restaurant, presents a unique redevelopment opportunity in Minneapolis, Minnesota. Located at 9329 Lyndale Ave S, zip code 55420, this property sits on five lots totaling approximately 0.27 acres (11,591 sq ft), 0.27 acres (11,591 sq ft), 0.096 acres (41,651 sq ft), 0.27 acres (11,591 sq ft), and 0.058 acres (25,336 sq ft) with a combined total of 101,130 square feet. The existing building, constructed in 1966, is currently slated for demolition, with equipment being auctioned separately. The property boasts a B-4 zoning classification, recently upgraded from B-2, offering significant development potential. The asking price is $3,500,000, translating to $700 per square foot. Property taxes for 2022 were approximately $53,632. Individual parcel tax information for 2023 is available: Parcel 10-027-24-33-0020: $30,781.26

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,356,221
    Hospitality
    $1,242,291
    Educational
    $1,033,571
    Medical
    $1,069,117
    Retail
    $1,607,778

Location Insight

City
Bloomington
County
Hennepin
State
Minnesota
Latitude
44.8338
Longitude
-93.2878
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,712
$749,700
$471,900
$1,221,600
-
$749,700
$471,900
$1,221,600

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].