Property for Sale in Minneapolis
3040 Lyndale S Avenue
Minneapolis, MN 55408

Price
$1,150,000

MLS #
7004216

Status
Active


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Property Details

Year Built
1930

Square Feet
7,600

Parking Features
Attached Garage,Covered,Paved Lot

Zoning
Business/Commercial, Lot

2025 Property Taxes
$21,190

School District
Minneapolis

County
Hennepin


Welcome to 3040 Lyndale Ave S & 3045 Aldrich Ave S — a **RARE TWO-ADDRESS SALE** in the heart of the highly sought-after Lyn-Lake neighborhood (CM3 Zoning). 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.


Excellent location on the convenient corner of Lyndale and 31st in the Lyn-Lake neighborhood Minneapolis.


Excellent location on the convenient corner of Lyndale and 31st in the Lyn-Lake neighborhood Minneapolis.

Features


Utilities
Electric Common,Heating Common,Hot Water Common

Cooling
Central Air

Heating
Forced Air

Sewer
City Sewer/Connected

Water
Public

Foundation
Combination

Additional Info


Listed By
Najma Abdurahman of Northstar Real Estate Associates

Listed
01/02/26 and last updated 05/27/26

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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