Retail Strip Mall with Aldi
For Lease
Contact for pricing
10196 Cedar Lk Rd S, Minnetonka, MN 55305
Multiple available suites include salon-ready space and a sublease restaurant unit, within a retail strip mall anchored by Aldi.
Space SizeContact for details
Days on Market198
Property Features for 10196 Cedar Lk Rd S
General Information
Standard status
Active
Property subtype
Strip Center
Listing Agency:
Colliers | Minneapolis-St. Paul
Listed By:
Amy C. Berg
(651) 402-4916
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 15
Last Checked: Sep 4 at 2:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Minneapolis-St. Paul
Investment Insights
Based on property information with market context.
This retail strip mall offers multiple leasing opportunities, including Suite 10982 (1,192 sf) plumbed for a salon, Suite 10992 (1,200 sf) as a second-generation salon space, and contiguous space combining Suites 10982 and 10992 for up to 2,392 sf. Additional listings include Suite 11008 (1,000 sf) and Suite 11032 (4,660 sf) as a restaurant space offered on a sublease basis through 1/31/27.
The center is shadow anchored by Aldi and is positioned near Hopkins Crossroad & Cedar Lake Road S. Major roadway access includes I-394, Highway 169, and Highway 7, with recorded traffic counts of 6,842 vpd on Cedar Lake Road and 7,773 vpd on Hopkins Crossroad. Public transit options include bus services.
The property provides ample parking, with 130 and 174 parking spaces reported (approximately 6.01 spaces per 1,000). The 2026 CAM/tax/insurance expense is stated at $12.50 psf, and the lease rate is negotiable.
The center is shadow anchored by Aldi and is positioned near Hopkins Crossroad & Cedar Lake Road S. Major roadway access includes I-394, Highway 169, and Highway 7, with recorded traffic counts of 6,842 vpd on Cedar Lake Road and 7,773 vpd on Hopkins Crossroad. Public transit options include bus services.
The property provides ample parking, with 130 and 174 parking spaces reported (approximately 6.01 spaces per 1,000). The 2026 CAM/tax/insurance expense is stated at $12.50 psf, and the lease rate is negotiable.
Key Highlights
- Multiple available suites in retail strip mall anchored by Aldi: 1,192 SF (Suite 10982), 1,200 SF (Suite 10992), 1,000 SF (Suite 11008), and 4,660 SF (Suite 11032).
- Suites 10982 and 10992 are contiguous for 2,392 SF total and are plumbed/suited for salon use.
- Suite 11032 is 4,660 SF restaurant space on sublease through 1/31/27.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 55305, MN
21,533
Population
10,463
Households
2.1
Avg Household Size
42
Median Age
61%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
2,315
Density / Sq Mi
$106,480
Median Household Income
$64,802
Median Earnings
$1,774
Median Rent
$442,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Strip mall - Multiple available suites include salon-ready space and a sublease restaurant unit, within a retail strip mall anchored by Aldi.
Where is this strip mall located?
The property is located at 10196 Cedar Lk Rd S Minnetonka, MN.
What are key features of this property?
This property features: Multiple available suites in retail strip mall anchored by Aldi: 1,192 SF (Suite 10982), 1,200 SF (Suite 10992), 1,000 SF (Suite 11008), and 4,660 SF (Suite 11032).; Suites 10982 and 10992 are contiguous for 2,392 SF total and are plumbed/suited for salon use.; Suite 11032 is 4,660 SF restaurant space on sublease through 1/31/27.
