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1500 E Lake Street, Minneapolis, MN 55407
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Home Details for 1500 E Lake Street
Price
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Type
Commercial/Industrial
Year Build
1937
Lot Size
0.2
County
Hennepin
Basement
None
Tax
$1,191
MLS®️ Listing#
6654590
On exitrealty.com
277 days
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.
- Heating Information
- Natural Gas
- Forced Air
- Cooling Information
- Central Air
- Water Features
- Public
- Parking
- On Street
- Basement
- None
Listing Courtesy: Assembly MN LLC - 612-978-3257
Based on information submitted to the MLS GRID as of 2025-09-04 06:09:47. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.Data Terms of Use
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EXIT REALTY METRO
7455 France Ave S. #154, Edina, MN 55435
Licensed in the state of Minnesota