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Overview
Location
Mortgage
Sold for $1,040,000
Sold for $1,040,000
8963 Syndicate Ave Lexington, MN 55014
$1,040,000
CLOSEDBeds
Baths
Sqft
Acres
0.44
Year
1960
Close Date
Dec 22, 2025
Property Type
Commercial Sale
Sub Type
Date Listed
Dec 2, 2025
Description of 8963 Syndicate Ave, Lexington, MN 55014
Listing details for 8963 Syndicate Ave, Lexington, MN 55014 : Introducing a prime investment opportunity in Lexington, MN, close to restaurants, shopping, freeway access, and area amenities. This 8,960 SF multi-family property, located in Anoka County, boasts 16 units, with 15, 1BR/1BA units and one Studio Apartment.
Built in 1960 and zoned R-4, this property offers in-place, below market rents plus an opportunity for continued building improvements in order to increase your Net Operating Income! A redevelopment opportunity exists for this parcel as it is surrounded by recent construction of larger apartment buildings
** See videos for additional tours and walk throughs of the building
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Listing Updated : 08-27-2026 at 6:54 AM CDT
Property Details
Property Overview
Listing Price
$975,000
MLS #ID
6817333
Close Price
$1,040,000
Close Date
Dec 22, 2025
Bedrooms
Bathrooms
Square Footage
Acres
0.44
Year
1960
Days on Site
71 Days
Property Type
Commercial Sale
Property Sub Type
Price per Sq Ft
$0
Date Listed
Dec 2, 2025
Location
Street Address
8963 Syndicate Ave
City
State
Minnesota
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
Heading N on Lake Dr, turn right onto Restwood Rd, turn right onto Syndicate Ave, property on left
Schools
School District
Construction / Architecture
Year Built
1960
Foundation
Block
New Construction
No
Price per Sq Ft
$0
Lot Size (Acres)
0.44
Lot Dimensions
131 x 154
Interior Details
Fireplace
No
Heating
Forced Air
Cooling
None
Exterior Details
Garage
No
Parking Features
Parking Lot
Exterior Features
Brick Veneer and Wood
Fencing
None
Waterfront
No
Water Source
City Water/Connected
Sewer
City Sewer/Connected
Taxes, HOA & Financing
Annual Property Tax
$15,738.82
HOA Fee Includes
None
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 6817333
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Property History
DateEventPrice
12/22/2025
Sold
$1,040,000
Source:NorthstarMLS #NST6817333
NorthstarMLS #NST6817333 12/2/2025
Listed for sale
—
Source:NorthstarMLS #NST6817333
NorthstarMLS #NST6817333Location of 8963 Syndicate Ave, Lexington, MN 55014
Streetview of 8963 Syndicate Ave, Lexington, MN 55014
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Based on information submitted to the MLS GRID as of 2026-08-27. 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. Some IDX listings have been excluded from this website.
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