1405 E Lake StreetMinneapolis, MN 55407
$2.9 million
0.85 acre lot
About this home
Positioned along the vibrant East Lake Street corridor, this mixed-use commercial property offers a compelling blend of stability and future potential. Anchored by a high-volume laundromat and an operating restaurant, the property generates strong, diversified income. Set on one of the largest parcels in the immediate area, the site presents significant upside through expansion or redevelopment. Its prominent location benefits from consistent traffic, strong neighborhood demand, and proximity to key Minneapolis destinations. A rare chance to secure a sizable footprint in a high-demand urban corridor.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1981
- Lot
- 0.85 acres
- Heating
- Electric, Natural Gas, Forced Air
- Property taxes
- $36,592 a year
- Listed
- April 28, 2026
- MLS number
- 7061743
Listing courtesy of Compass (Jado Hark). MLS #7061743.
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How it compares
1405 E Lake Street, Minneapolis, MN 55407 is a single-family home built in 1981 in Powderhorn Park, listed for $2.9 million on April 28, 2026 by Compass. That is in the upper quarter of the 672 single-family homes for sale in Minneapolis right now (median $350,000).
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:09 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Powderhorn Park, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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