- For Sale Contact for pricing
- Property Type VacantLand
- Property Size 91,476 SF
- Lot Size 2.1 Acre
- Building Class C
- Year Built 1948
- Date Updated Apr 29, 2024
Transwestern is pleased to offer a multifamily redevelopment opportunity blocks from prestigious Lake Minnetonka. Located just south of Grays Bay and within walking distance of retailers and restaurants, the property is tucked into one of the most desirable areas in the Twin Cities. The property consists of three contiguous parcels measuring a combined 2.1 acres and is currently improved with a small office and two duplexes. The tenants are on short term leases which provides buyers with the unique ability to acquire a cash flowing property while undergoing entitlements and final planning. High household incomes, strong demand for rental housing, and a void of new apartments in the immediate area ensures a successful apartment project.
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Contacts
Erik Coglianese
Transwestern
(612) 359-1611
Frank Richie
Transwestern
(612) 359-1674
Location
Getting Around
-
Walk Score ®
Somewhat Walkable (60) -
Bike Score ®
Bikeable (63)
- City Wayzata, MN
- Neighborhood Groveland
- Zip Code 55391
- Market Minneapolis St Paul
Points of Interest
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Shady Oak
4.30 miles
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Downtown Hopkins
4.79 miles
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Opus
5.25 miles
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City West
5.66 miles
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Blake Road
5.77 miles
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SouthWest
6.25 miles
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Golden Triangle
6.30 miles
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Town Center
6.61 miles
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Louisiana Avenue
6.77 miles
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Wooddale Avenue
7.26 miles
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BP
0.18 miles
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BP
3.06 miles
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Mobil
3.09 miles
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Super America
3.20 miles
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Holiday
3.45 miles
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Lake Shore Market
3.48 miles
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Speedway
4.02 miles
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BP
4.14 miles
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Holiday
4.14 miles
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Holiday
4.54 miles
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Minnetonka Blvd & Steele St
0.96 miles
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Wayzata Blvd & Barry Ave
2.37 miles
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Hwy 7 & Vinehill Rd
2.38 miles
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Wayzata West Middle School
2.49 miles
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Minnetonka Blvd & Baker Rd
2.64 miles
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Silverwood Park Parking Lot
3.09 miles
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Big Willow Park South Lot
3.38 miles
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Vicksburg Lane Trailhead
3.49 miles
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Plymouth Road Transit Center
3.52 miles
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Messiah United Methodist Church
3.81 miles
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Mandarin Yang
0.10 miles
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Spasso
0.10 miles
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El Travieso Taqueria Minnetonka
0.12 miles
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Kai's Sushi & Grill Minnetonka
0.19 miles
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Dairy Queen
1.51 miles
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Subway
1.52 miles
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Noodles & Company
1.71 miles
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Wendy's
1.73 miles
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The Original Pancake House
1.78 miles
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Duke'S On 7
1.82 miles
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Groveland Elementary School
0.32 miles
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Minnetonka Middle School East
0.78 miles
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Deephaven Elementary
1.55 miles
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Scenic Heights Elementary School
2.70 miles
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Redeemer Lutheran School
2.71 miles
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Wayzata Central Middle School
2.97 miles
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Birchview Elementary School
3.23 miles
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Sunset Hill Elementary School
3.99 miles
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UBAH Medical Academy
4.18 miles
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East Middle School
4.41 miles
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New Horizon Academy
5.34 miles
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Primrose School of St. Louis Park West
5.40 miles
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Zuhur Childcare Center Inc
7.02 miles
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New Horizon Academy
7.74 miles
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Foundation Hill Montessori and Childcare
8.73 miles
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New Horizon Academy
8.75 miles
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Creme De La Creme
9.19 miles
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Tutor Time of Maple Grove
9.38 miles
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River Valley Montessori & Child Care
9.67 miles