Overview
Retail Space Near Major Roadways
Located just west of Hopkins Crossroad and Cedar Lake Road S, this retail property in Minnetonka, Minnesota, is shadow-anchored by Aldi. Minnetonka is noted for its strong community involvement, excellent schools, and a stable economic climate, making it an attractive location for businesses and families. The property is near Cedar Lake and several parks, with convenient access to major roadways, including I-394, Highway 169, and Highway 7, as well as nearby public transit options, including bus services. Ample parking is available, with approximately 6.01 spaces per 1,000 square feet. The surrounding neighborhoods feature a variety of retail and dining establishments, from local cafes to well-known restaurants. Area tenants include Anytime Fitness, Freewheel Bike, Domino’s, Holiday, Crossfit Minnetonka, and Crossroads Delicatessen. Current tenants include El Loro Mexican Restaurant, Awaken Pilates, Duality Sneaks, Body & Brain Yoga & Tai Chi, State Farm, The Glen Chiropractic, Edward Jones, Evolve Salon, Cloud X Vapes, Lodestone Coffee & Games, and Cedar Hills Dental. Available spaces include Suite 11008 with 1,000 square feet (lba) and Suite 10992 with 1,200 square feet (lba), which is a 2nd generation salon space. The 2025 CAM/Tax/Insurance is $12.50 per square foot, and the lease rate is negotiable. Traffic counts are 6,842 vpd on Cedar Lake Road and 7,773 vpd on Hopkins Crossroad. The average household population within 1 mile is 8,215, within 3 miles is 77,524, and within 5 miles is 202,429. The average household income within 1 mile is $11,032, within 3 miles is $125,558, and within 5 miles is $140,825.
