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Two-Story Retail Campus Building
For Sale
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Pending

301 Peavey Ln, Wayzata, MN 55391

Two-story retail facility on 8.34 acres, built in 1958 with a major addition completed in 2006.

Property Size63,000 SF
Lot Size8.34 Acres
Days on Market143

Property Features for 301 Peavey Ln

General Information

Standard status Pending
Size 63,000 SF
Lot size 8.34 Acres
Property subtype Retail, Land, Special Purpose

Building Details

Year Built 1958
Stories 2
Listing Agency: Colliers - Minneapolis - St. Paul, Minnesota
Listed By: Andrew Heieie · License #MN 40149340
Source: Crexi
Added: Apr 11 Changed: Aug 26 Last Checked: Aug 29 at 4:44AM

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, Minnesota

Investment Insights

Based on property information with market context.

The Blake Highcroft Campus, “Blake,” is a two-story retail facility built in 1958 and improved with a significant addition completed in 2006. The property comprises a 63,000 square foot building on an 8.34-acre campus.

Located just outside Wayzata’s historic downtown district, Blake is a short walk to shopping, dining, and entertainment options, and it is just steps from Wayzata Bay on Lake Minnetonka.

As a multi-level retail campus with documented improvements, the building presents a fixed, established footprint for retail users seeking a larger format facility.

Key Highlights

  • Two‑story 63,000 SF facility built in 1958 on 8.34 acres
  • Major addition completed in 2006
  • Located at 301 Peavey Lane in Wayzata, MN

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Furniture & Home Goods Plumbing Service Electrical Service (Bike/Boat/Book/etc) Store

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

176
Businesses Nearby
510
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Charles Schwab Shops & Services
510 visits/mo 0.4 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Two-story retail facility on 8.34 acres, built in 1958 with a major addition completed in 2006.
Where is this retail space located?
The property is located at 301 Peavey Ln Wayzata, MN.
What are key features of this property?
This property features: Two‑story 63,000 SF facility built in 1958 on 8.34 acres; Major addition completed in 2006; Located at 301 Peavey Lane in Wayzata, MN
More about this property
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