1500 E Lake ST Active Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55407
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6654590
Year Built 1937
Annual Tax Amount $1,191
Tax Year 2025
Contingent None
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 8391
Property Sub-Type Business
Property Description
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.
Location
State MN
County Hennepin
Zoning Business/Commercial
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building,Land
Fireplace No
Exterior
Parking Features On-Street Parking Only
Utilities Available Hot Water Common
Present Use Commercial,Event Space
Building
Lot Description Public Transit (w/in 6 blks),Corner Lot
Foundation 10680
Sewer City Sewer - In Street
Water City Water - In Street
Structure Type Brick/Stone
Schools
School District Minneapolis