Uptown Land Sold to CPM Companies for a Mixed-Use Development! Sold for $702,000 ($77,000 above list price) with Multiple Offers. Formerly a used car sales lot – Amundson Uptown Auto. 0.41 Acres located at 429 W. Lake St in Minneapolis’ Uptown 2 blocks east of Lyndale Ave S. Adjacent to Schatzlein Saddle Shop. Fuji-Ya and Dulono’s Pizza are 1.5 blocks away.
Article from MSP Business Journal on Development: https://www.bizjournals.com/twincities/news/2017/08/11/pair-of-apartment-projects-would-add-200-units-to.html
Source of Rendering Photo: City of Minneapolis, MSP Business Journal, & CPM Companies.
Developer/Buyer: CPM Companies
Seller’s Broker: Mark Hulsey with RE/MAX Results – Commercial Group.
Address: 429 West Lake Street
Country: United States
Property Id : 3714
Price: $ 702,000
Property Lot Size: 0 ft2
Property Type: Lots/Land
Zoning: C2 - Neighborhood Corridor Commercial District; R4 - Multiple-Family District
Lot Square Footage: 17,859
Lot Acreage: 0.41
PID #: 0302824220047,
Legal Description: BLOCK 002 MOTOR LINE ADDN TO MPLS LOT 22 AND THAT PART OF LOTS 23 AND 24 LYING W OF THE E 64 FT THOF. LOT 021 BLOCK 002 MOTOR LINE ADDN TO MPLS N 1/2. LOT 021 BLOCK 002 MOTOR LINE ADDN TO MPLS S 1/2.
2015 Property Taxes: $17,017.78
# Parking Spaces: Ample
Tenancy Description: Amundson Auto Sales - Owner Occupied
Utilities Available: Electricity, Water, Gas, Telephone, Cable
Traffic Counts: 17,600
Contract for Deed Possible