Dave's Popcorn stand was put on the market earlier this year.

The historic Dave's Popcorn and Carmelcorn stand has a new owner that is set to bring big changes to the south Minneapolis institution – including a new name.

Milkjam Creamery, the acclaimed Lyn-Lake ice cream shop run by the owners of World Street Kitchen, has announced it will be taking over the stand at 1848 East 38th Street, and will open this Sunday.

The drive-in has been serving up popcorn and ice cream to Minneapolitans since 1957.

But now the stand will undergo its most radical changes in its 61-year history, with Milkjam launching a "scaled-down offering" of its eclectic ice cream flavors, as well as a selection of "World Street Kitchen-inspired hot dogs."

Chef Sameh Wadi – who owns Milkjam, World Street Kitchen and the recently-opened Grand Catch in St. Paul with brother Saed – is putting together the menu along with Milkjam chef Sean Little, and World Street Kitchen chefs Matt Eisele and Jeremy Fritz.

Some of the creations on offer include all-beef and veggie dogs, with toppings including kimchi and secret sauce, and a banh mi-inspired dog with pickled vegetables, jalapenos, mayo and cilantro.

Wadi has also told BMTN that they won't be keeping the historic Dave's Popcorn name, saying it'll be "Milkjam brand."

"There’s something nostalgic about eating a hot dog outside and following it with a scoop of ice cream that we are trying to recreate here," Wadi said in a press release.

"We wanted to take a more global approach to our hot dogs, but we’re not overthinking it. We just want it to taste good."

Wadi says he and his partners have plans to expand the operation next year, which could potentially see it add on to the building.

The stand was put on the market by the Gray family in May, three years after they bought it from Andrew Neary and Sherri Shannon-Neary for $95,000.