3040 Lyndale Avenue S
Minneapolis, MN 55408
Price: $1,225,000
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.
Basic Features:
| Type |
Commercial Sale |
| Zoning |
Business/Commercial,Lot |
| Year Built |
1930 |
| School District |
Minneapolis |
| County |
Hennepin |
| Lot Size |
62x237 |
| Acreage |
0.38 acres |
| Garage |
3 Car |
| Lot Description |
Corner Lot |
| Number of Units |
1 |
| Tax $ / Year |
$21,190 / 2025 |
| Tax ID |
|
| Legal Description |
|
Additional Features
| Government Programs |
|
| Section |
04 |
| Terrain Type |
|
| Roads |
City Street |
| Basement |
Full,Unfinished |
| Cooling |
Central Air |
| Driveway |
|
| Foundation |
1848.00 |
| Fuel Source |
Natural Gas |
| Handicap Access |
None |
| Heating |
Forced Air |
| Roof |
Age 8 Years or Less |
| Sewer Service |
City Sewer/Connected |
| Water Service |
City Water/Connected |
| Water Heater |
|
| Parking Lot |
Attached Garage,Covered,Paved Lot |
| Exterior Construction |
|
| Utilities |
Electric Common,Heating Common,Hot Water Common |
| Laundry |
N |
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Coldwell Banker Nybo & Associates are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
DISCLAIMER: The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. This data is updated daily. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. By viewing these listings, you are agreeing to abide by the RMLS End-User License Agreement.
© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to Michael Bisping, Director, Customer Relations, Regional Multiple Listing Service of Minnesota, Inc, 2550 University Avenue West, Suite 259S
Saint Paul, MN 55114 or by email to mbisping@northstarmls.com. Questions can be directed by phone to 651-251-3200.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.