Homes for sale - 1500 E Lake ST, Minneapolis, MN 55407

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Michael Smith

michael@michaelsmithgroup.com +1(651) 402-0835

Est. payment - /mo

8,712 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6654590

Year Built 1937

Annual Tax Amount $1,191

Tax Year 2025

Contingent None

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 8391

Property Sub-Type Business

Property Description

The iconic Avalon Theater is nestled in the vibrant East Lake Street neighborhood of Midtown Phillips. It is in the heart of a bustling Opportunity Zone, which can offer certain tax incentives to investors. Notable for the signature art deco exterior façade and towering marquee, this expansive space accommodates a variety of potential uses ranging from theater to community or educational space, place of worship, or fitness center. The options are truly vast. The building features a newly remodeled office, kitchenette, and board room (2021), updated HVAC system (2018), as well as an ADA bathroom on the main level. It has excellent visibility on a commercial corridor, strong connection to public transit, freeway access, & an array of restaurants, area businesses and a thriving residential community.

Location

State MN

County Hennepin

Zoning Business/Commercial

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Land

Fireplace No

Exterior

Parking Features On-Street Parking Only

Utilities Available Hot Water Common

Present Use Commercial,Event Space

Building

Lot Description Public Transit (w/in 6 blks), Corner Lot

Foundation 10680

Sewer City Sewer - In Street

Water City Water - In Street

Structure Type Brick/Stone

Schools

School District Minneapolis

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Listed by Danielle Cifuentes • Assembly MN LLC

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Michael Smith

+1(651) 402-0835

Broker Associate | License ID: 40184871

Broker Associate License ID: 40184871

1500 E Lake ST Minneapolis, MN 55407

Michael Smith

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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