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12401 Minnetonka Blvd

Minnetonka - Hopkins, Wayzata, MN
Total Size
4,376 sqft
Parking Ratio
19 (per 1000 SF)
Year Constructed
Year Renovated
Building Class
Class C
LEED Certification

About 12401 Minnetonka Blvd

Highlights Perfect Small Owner User Office Building Huge Visibility with 15,800 VPD on Minnetonka Blvd 2nd Floor Available & Short Term Leases in Place on First Floor Huge Half Acre Lot with 19 Parking Stalls Tremendous Value Add Opportunity for Investor Huge Price Reduction for Quick Sale Description SALE: $379,000 or LEASE: $15.00-$17.00/SF GROSS

New office sale offering in Historic Minnetonka Mills! Building is situated on Minnetonka Blvd visible to 15,800 VPD. Existing tenants are on month-month leases, making this a unique opportunity for an owner user to occupy half of the building with income, or the entire building.

Motivated ownership has reduced the offering price from $425,000 to $379,000. Over $80,000 in capital improvements have been performed since 2005.

Contact brokers for additional information.

4,376 SF Split Level Office Building on .51 Acre Lot Currently Multi-Tenanted into Four Office Suites New Roof Installed in 2005 with 20 Year Warranty $25,000 in Tenant Improvements in Suites 101 & 201 New Windows Throughout & Common Area Updates (2008) Natural Gas, Hot Water (Baseboard) Heat, 4 Zones Nineteen (19) Parking Spaces Patched & Seal Coated (2007) 2014 Property Tax: $16,221 (Assessed Value $429,000) Current Owners Paid $490,000 in 2009 Strong Visibility & Easy Access Excellent Owner User Opportunity

12401 Minnetonka Blvd, Minnetonka. - Parking description: 19 Surface Spaces - Class of space: Class C

Internet Providers for 12401 Minnetonka Blvd

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
CenturyLink DSL
10 Mb/s
1.5 Mb/s
MegaPath Corporation DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Minnetonka - Hopkins

On average, listings lease in the $20's per square foot per year. The Minnetonka - Hopkins region is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 11% increase in rent.

Median Rate Median Size
Minnetonka - Hopkins $20

Median Rate over Time in Minnetonka - Hopkins