3040 Lyndale Avenue S Minneapolis, MN 55408

$1,150,000
Active
 |  MLS # 7004216
Active
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About The Listing

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.


Listing courtesy of Naj A, Northstar Real Estate Associates
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1930
MLS #: 7004216
Garage Spaces: 3
Parking Description: Attached Garage, Covered, Paved Lot
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air
Basement: Full, Unfinished
Foundation Type: Combination
Roof Description: Age 8 Years or Less
Days On Market (Continuous): 0
Disability Features: None
Latest Update: 05/27/2026
List Date: 01/02/2026
Listing Agent ID: 506021186
Listing Office: Northstar Real Estate Associates
Listing Office ID: 9990
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Exterior Features: Aluminum Siding, Stone
Lot Dimensions: 62x237
Lot Size: 0.38 Acres
Lot Features: Corner Lot
School District: Minneapolis
Tax Year: 2025
Estimated Taxes: $21,190
Contingency Type: None
City: Minneapolis
Zip: 55408
County: Hennepin
Subdivision: Auditors Sub 040
State: MN
Listing last updated: 05/27/26

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