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27152142

3401 & 3405 Lyndale Ave S, Minneapolis, MN 55408 For Sale

HH
MN MN 40266763, WI WI 77979-94
RE/MAX Results
MH
MN 40169559
Results Commercial
Listed by RE/MAX Results, Results Commercial
$1,350,000
298 days on market
Updated 86 days ago

Sonny's Cafe

Details
APN 0302824320060 & 0302824320058
Property Type Mixed Use, Multifamily (+2)
Sub Type Restaurant, Storefront
Square Footage 7,208
Units 3
Year Built 1900
Buildings 2
Stories 2
Lot Size (SqFt) 6,534
Zoning CM2
Investment Type Owner/User

Mixed Use: Restaurant I Apartment I Office I Other

Marketing description

3401 & 3405 Lyndale Ave. South has been home to Sonny’s Ice Cream, family owned and operated for decades. An incredible success story (www.sonnysicecream.com).

Results Commercial is selling ONLY the real estate, however, the restaurant and commercial kitchen, along with a majority of the Furnishings, Fixtures and Equipment (FF&E) will be included in the sale.

NO lease-back interest from the Sellers. Excellent opportunity for a new operator of the restaurant, café or bistro to step in and begin operations quickly in a high demand South Minneapolis location. Fully operational street level commercial kitchen.

Formerly two separate buildings but now connected with a walkway. Two separate PID#s with Hennepin County. (See OM details for square footage breakdowns and floor plans for both buildings.)

Investment highlights

  • Quaint, gorgeous old world European café with a minimum of 35-40 seats inside and three separate beautiful outdoor areas which add an additional 70 seats (piazza, front, 34th street side).

  • The entire property is beautifully landscaped from the front to back with over 100 ft of boulevard garden. The front garden of 3405 was designed by a renowned Japanese landscape architect.

  • Lovely, remodeled one bedroom apartment on 2nd level of 3405 building. Currently owner suite and will vacate following sale.

  • Owners have worked with the city to keep storefront street open - free from parking & bus stops

  • Sonny's Cafe has 2 hoods - 1 in the main kitchen (11' wide) and one in the storefront dishwasher (new and never used). Both are in excellent condition.

  • VALUE ADD: Two large storage spaces on the MAIN level of both buildings. Prime storefront expansion opportunities. (3405 can open into piazza and 3401 can open into existing café space, side seating, and/or kitchen).

  • This is prime value-add space that investors and owner operators are seeking. Listing brokers can explain further with examples of market rents for main level retail on Lyndale Ave South.

  • Office space directly above the cafe with potential for other use

  • Three HVAC systems serve both properties. Well cared for mechanicals throughout.

  • Very large back walk-in freezer, cooler are fully functional and well maintained. There is also a dry storage walk-in. (access through back door and large private driveway).

  • Easy and ample on-street parking. High local foot traffic location on Lyndale Ave South. This is a prime, dynamic and bustling area of South Minneapolis with parks, schools, restaurants, young professionals and families.

  • To learn more about the popularity of this restaurant location see Sonny’s Ice Cream website: www.sonnysicecream.com and all social media sites. ** See TikTok for countless videos from patrons who love the restaurant and atmosphere.

  • NO SELLER FINANCING OPTIONS. New financing required. NO environmental reports completed to date. No known hazards.

  • DO NOT DISTURB THE BUSINESS. ALL TOURS THROUGH LISTING BROKERS BY APPOINTMENT ONLY: Contact Mark Hulsey and Hayden Hulsey at [email protected] & hayden@resultscommercial.com

Listing Contacts

HH
MN MN 40266763, WI WI 77979-94
RE/MAX Results
MH
MN 40169559
Results Commercial
Listed by RE/MAX Results, Results Commercial

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Additional Information

Name
Hayden Hulsey, CCIM
License
MN 40266763
Brokerage
RE/MAX Results
Title
Commercial & Investment Broker
Brokerage Address
748 Grand Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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