The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-01

10 OBSTRUCTION of the Lake street
car line has affected property on
that avenue favorably. Build
ings have been erected, travel has
grown and values have increased
Lake street is swelling with import
ance. Thru interest conferred in the
street, because of the street railway
company movements and the result
ant growing passenger traffic over the
completed line, it has become much bet
ter known. Inquiry in regard to prop
erty on and adjacent to the avenue IS
frequent and the future seems rosy.
Real estate agents handling Lake street
realty are brushing up on values and
advantages which their holdings pos
sess for selling purposes.
Lake street s destiny seems to point
to commerce. In the opinion of real
estate men and property owners, 1T Will
be mainly business street. Already
lit has several business settlements, and
the inquiry today is for business cor
ners, indicating an extension OF It's
comm ercial facilities. Gradually busl-
ness has been encroaching on the resi-
!dence sections of the street until be-
fore the railway line was decided upon
for Lake, it had very respectable
business population, markedly so at
Hennepin, Lyndale, Nicollet, Eighth,
Bloomington and Cedar avenues. These
were necessity settlements for the con
venience Of home center districts toe
far removed from the city for .conven-
lent downtown trading. This. growing
aspect is believed to have been a NOV.
ing factor in inducing the council tc
permit the use of Lake street for the
car line instead. of Thirty first. f. :
Real estate men are unit in stat
ing that the Lake street car line has
made values appreciate. Twenty five
per cent is the case in some localities
Along the best parts Of the street
vacant lots are being held at 81, 500 OF
near that sum. Calls for corners fo1
business purposes continue strong ant
it is probable that an even highe
standard of value will be set.
The West End.
Naturally the west end of Lake stree
is the more valuable at present, and i
is west of Cedar avenue that the de
mand promises to center. Layman >
lions for an active call, and east O.
the stretch that belongs to the GENE
terry are several blocks of vacant prop
erty, handled by Smith Brothers, which
has depressing influence on value
under the law Of supply and demand
lnaSmuch as a great part Of this sec
ton is devoted to manufacturing, tn
prospect seems to be that property i
the neighborhood of the Milwaukee
shops and the Minneapolis Steel & Ma
chinery company will be claimed avent
--pally FOR industrial purposes. Track
age opportunities furnished by the Mi
waukee long line and Hastings & De-
kota tracks are an influence which f;
vors this disposition of land lying b,
tween Twenty-seventh and Cedar av,
nues.
Altho hundreds of residences hav
been built on Lake street, a great Or.
portion of these have facings on tt
cross streets and avenues. Proximit
Of shacks and unsightly business bull,
1ngs have for years deferred purchase:
from buying lots for home purpose
and now business appears to have tt
upper hand.
From Hennepin avenue to LYNDA
are several vacant stretches and Sc
eral fine homes, but greenhouses ar
other lines of business are intersperse
From Lyndale to Nicollet, business h;
the upper hand, and in spots from Nj
ollet to Cedar business plants make
good showing.
Character of the Street. :"