1500 LAKE STREET
1500 Lake Street, Minneapolis, 55407, MN
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Price: $1
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Status type: For Sale
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City: Minneapolis
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Neighborhood: East Harriet
Bedrooms: 0
Property Size :0
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Listing Agent: NST19234,NST223632
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Property type : Business
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Zip code: 55407
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Street: 1500 Lake Street
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Street: 1500 Lake Street
Bathrooms: N/A
Year: 1937
Listing Brokerage: Assembly MN LLC
DETAILS
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.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: None,
Appliances Included:
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EXTERIOR
Air Conditioning: Central Air
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 10680ft²
Unit Amenities:
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Heating System:
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- Forced Air
LOT
Acres: N/A
Lot Size Dim.: 8391
Longitude: 44.9292
Latitude: -93.3011
Zoning: Business/Commercial
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $1,191
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer - In Street
Water System: City Water - In Street
ADITIONAL INFORMATION
MLS#: NST7694832
Listing Brokerage: Assembly MN LLC
ID: 3481696
Published: January 29, 2025
Last Update: January 29, 2025
Views: 2
