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Downtown Retail Storefront Suite
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681 Lake St E Lake Street East, Wayzata, MN 55391

Brand new building retail suite available with storefront windows and signage exposure on Lake Street.

Space SizeContact for details
Days on Market45

Property Features for 681 Lake St E Lake Street East

General Information

Standard status Active
Property subtype Strip Center

Site & Location

Traffic Count 4,470 vehicles/day
Highway Access Yes

Amenities

covered parking

Building Details

Tenancy Multi
Listing Agency: Colliers | Minneapolis-St. Paul
Listed By: Emily Massie
Source: Thebrokerlist
Added: Jul 25 Changed: Aug 27 Last Checked: Sep 7 at 4:37AM

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.

A retail space is available in a brand new building offering attractive storefront windows and signage on Lake Street. The listing notes two possible suite sizes: Suite 609 at 2,019 sf or 1,871 sf.

The property is positioned on Lake Street in downtown Wayzata, surrounded by a mix of boutique shops and national retailers. Co-tenants named in the remarks include RBC Wealth Management, Talbots, Judd Frost Clothiers, Gianni’s Steakhouse, Face Foundrie, Julia Moss, UBS Wealth Management, Sakana Sushi, Evereve, and McCormick’s, with Parcelle Organics noted as coming soon.

For parking, the property includes three levels of attached, covered parking. Convenient access is described for Highway 12/I-394 and I-494, with nearby parking and a pedestrian-friendly environment. Traffic counts provided are 4,470 vpd on Lake St E and 2,686 vpd on Broadway Ave N.

Key Highlights

  • Wayzata Bay retail space available: Suite 609 offers 2,019 SF or 1,871 SF
  • Brand new building with attractive storefront windows and Lake Street signage exposure
  • 2026 CAM/Tax is $21.19 PSF and lease rate is $45.00 PSF for the available suite

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pharmacy Locksmith Furniture & Home Goods Daycare Center Electrical Service

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

Lease Details

4,470 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

694
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 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?
Strip mall - Brand new building retail suite available with storefront windows and signage exposure on Lake Street.
Where is this strip mall located?
The property is located at 681 Lake St E Lake Street East Wayzata, MN.
What are key features of this property?
This property features: Wayzata Bay retail space available: Suite 609 offers 2,019 SF or 1,871 SF; Brand new building with attractive storefront windows and Lake Street signage exposure; 2026 CAM/Tax is $21.19 PSF and lease rate is $45.00 PSF for the available suite
More about this property
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