3040 Lyndale Avenue S, Minneapolis, MN 55408

• 7,600 sqft

Property Description

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 Status:

Active

Data Last Updated:

July 22, 2026 at 1:18PM

Listing Office:

Northstar Real Estate Associates : 651-451-2850

MLS ID:

7004216

Interior

• Basement: FullUnfinished
• A/C: Central Air
• Heating: Forced Air

Exterior

• General: Aluminum SidingStone
• Parking: Attached GarageCoveredPaved Lot

Construction

• Roofing: Age 8 Years or Less
• General: Three Or MoreCombination

Location

• Road/Access: City Street
• Originating MLS: northstar
• School District: Minneapolis
• County: Hennepin

Lot

• Zoning: 0402824110013
• Current Use: Professional/OfficeCommercialOfficeProfessional ServiceRetail

Utilities

• Utilities: Electric CommonHeating CommonHot Water Common
• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar