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State-of-the-Art HVAC Office Building
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3701 Wayzata Blvd, Minneapolis, MN 55416

Multi-story office development along Hwy 394, with modern HVAC and simplex systems plus contract security services.

Property Size500,000 SF
Lot Size31.51 Acres
Days on Market2439

Property Features for 3701 Wayzata Blvd

General Information

Standard status Active
Size 500,000 SF
Lot size 31.51 Acres
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes

Amenities

Simplex Systems
contract security services
state of the art HVAC system

Building Details

Stories 10
Listing Agency: CBRE - Minnesota
Listed By: David Marschinke
Source: Moodyscre
Added: Nov 27, 2019 Changed: Jul 28 Last Checked: Jul 31 at 1:38PM

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 CBRE - Minnesota

Investment Insights

Based on property information with market context.

This office building project is planned for approximately 250,000 SF in Phase II and is designed as a 5- to 10-story structure. The development sits on 31.51 acres and includes simple system provisions and contract security services. Tenant-focused HVAC is noted as a key feature, with the system designed to meet tenant needs.

The property is located on Hwy 394 between Downtown Minneapolis and Hwy 100, providing direct connectivity along the main corridor.

Phase II completion is scheduled for 2021, offering an opportunity to secure space in a new office environment with building systems planned around tenant requirements.

Key Highlights

  • Multi‑story office development along Hwy 394 between Downtown Minneapolis and Hwy 100
  • Approximately 250,000 SF (Phase II) with 5–10 floors
  • 31.51‑acre site

Property Analytics

Current Use

Lakeside cafe Cafe & Coffee Shop Regis Corporation Corporate Office Tactile Medical Production Facility Megan Smith Pharmacy MOBE Physician

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop HVAC Service Auto Parts 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.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

290
Businesses Nearby

Demographics for 55416, MN

34,129
Population
19,197
Households
1.8
Avg Household Size
36
Median Age
73%
College-Educated
98%
High-School Grad
7.3 sq mi
ZIP Area
4,675
Density / Sq Mi
$105,926
Median Household Income
$70,993
Median Earnings
$1,701
Median Rent
$457,300
Median Home Value

Market

Lease Benchmarks for Minneapolis, MN

$17 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
76,115 SF
Avg Space Size

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 building - Multi-story office development along Hwy 394, with modern HVAC and simplex systems plus contract security services.
Where is this office building located?
The property is located at 3701 Wayzata Blvd Minneapolis, MN.
What are key features of this property?
This property features: Multi‑story office development along Hwy 394 between Downtown Minneapolis and Hwy 100; Approximately 250,000 SF (Phase II) with 5–10 floors; 31.51‑acre site
(952) 924-4664 Call to check price and availability
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