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    13110 Excelsior Blvd Minnetonka, MN 55343

    Sponsored
    For Sale
    $1,775,000

    High-yield retail property with long-term tenants.

    Property size:
    12,736 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional Minnetonka retail investment property at 13110 Excelsior Boulevard boasts 12,736 square feet on a 1.03-acre lot. The property features a strong tenant base with two long-term leases in place: a hot tub/pool business (24 years) and a karate school (42 years), both with current leases ranging from three to five years. This demonstrates exceptional tenant loyalty and a history of consistent income generation. Adding to the investment potential is a vacant 3,000 square foot steel and block unheated garage, ideal for storage or potential lease to a complementary business. Furthermore, a vacant 1,500 square foot space on the second floor presents an opportunity for additional income through lease or conversion to a studio apartment. The property benefits from a desirable location in Minnetonka, a strong demographic area situated between Hopkins and Glen Lake, ensuring high visibility and accessibility. The building itself showcases attractive curb appeal with a brick and granite facade. This property offers a compelling combination of established income streams, significant upside potential, and a prime location, making it an attractive investment opportunity for discerning buyers.

    Property Features for 13110 Excelsior Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    12,736 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built
    1962
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minnetonka
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4467
    Latitude
    44.91736

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    FAQs

    What type of property is this?
    Retail property - High-yield retail property with long-term tenants.
    Where is this retail property located?
    The property is located at 13110 Excelsior Blvd Minnetonka, MN.
    What is the asking price?
    The asking price for this property is $1,775,000.
    (952) 944-7107
    Request Owner's contact information
    13110 Excelsior Blvd Minnetonka, MN 55343
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    Minnetonka, MN 55343
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13110 Excelsior Blvd Minnetonka, MN 55343
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