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Downtown Office Condominium
For Sale
Contact for pricing
Pending

120 Broadway Avenue S, Wayzata, MN 55391

Rare office condominium located downtown Wayzata, about two blocks from the shores of Lake Minnetonka.

Property SizeContact for details
Days on Market149

Property Features for 120 Broadway Avenue S

General Information

Standard status Pending
Property subtype Office
Listing Agency: Christianson & Company
Listed By: Nancy Flicek · License #MN 20541649
Source: Crexi
Added: Apr 12 Changed: Sep 6 Last Checked: Sep 5 at 9:43AM

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 Christianson & Company

Investment Insights

Based on property information with market context.

A rare office condominium is available in downtown Wayzata. The property is offered as an office unit, positioned for businesses seeking a dedicated ownership interest rather than a traditional leased space.

Located just two blocks from the shores of Lake Minnetonka, the site is set within downtown Wayzata and benefits from close proximity to the lakefront area.

This offering provides a straightforward downtown office ownership option in a compact, easily accessible setting.

Key Highlights

  • Office condominium located in downtown Wayzata
  • Approximately two blocks from the shores of Lake Minnetonka

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store HVAC Service Plumbing Service Barber Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,527
Businesses Nearby

Demographics for 55391, MN

15,782
Population
7,445
Households
2.1
Avg Household Size
48
Median Age
72%
College-Educated
99%
High-School Grad
16.5 sq mi
ZIP Area
956
Density / Sq Mi
$170,115
Median Household Income
$72,262
Median Earnings
$1,498
Median Rent
$795,600
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Rare office condominium located downtown Wayzata, about two blocks from the shores of Lake Minnetonka.
Where is this office units located?
The property is located at 120 Broadway Avenue S Wayzata, MN.
What are key features of this property?
This property features: Office condominium located in downtown Wayzata; Approximately two blocks from the shores of Lake Minnetonka
More about this property
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