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Mixed-Use Shopping Center with Boutique Hotel
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100-302 Promenade Ave, Wayzata, MN 55391

Mixed-use development with 111,000 SF retail anchored by Anthropologie, plus a 92-room boutique hotel.

Property Size2,874 SF
Days on Market2112

Property Features for 100-302 Promenade Ave

General Information

Standard status Active
Size 2,874 SF
Property subtype RETAIL
Listing Agency: Mid-America Real Estate-Minnesota LLC
Listed By: Jesseka B Doherty
Source: Moodyscre
Added: Oct 20, 2020 Changed: Jul 30 Last Checked: Jul 31 at 6:42AM

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 Mid-America Real Estate-Minnesota LLC

Investment Insights

Based on property information with market context.

The Promenade of Wayzata is a mixed-use, pedestrian-friendly, five-building development in the Wayzata Commercial District at 100–302 Promenade Ave, Wayzata, MN 55391. The project offers 111,000 SF of retail space alongside hospitality and residential components.

Retail at the site is anchored by Anthropologie. The development also includes a 92-room boutique hotel and 350+ residential units spanning apartments, high-end market-rate condominiums, and senior living. All phases are open and ready for occupancy.

The property’s positioning in the Wayzata commercial area, along with its lake-focused setting near Lake Minnetonka, supports a day-to-night tenant mix and an experiential, walkable layout for customers and residents.

Key Highlights

  • Five‑building mixed‑use, pedestrian‑friendly development in the Wayzata Commercial District
  • 111,000 SF retail space
  • 92‑room boutique hotel

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Plumbing Service Grocery & Convenience Store Locksmith Barber Shop (Bike/Boat/Book/etc) Store HVAC 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,402
Businesses Nearby
Well-served
Demand for This Use

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Similar Off Market Nearby

  • Wayzata Village Shops — 852 Lake St E, Wayzata, MN 55391
  • The Promenade — Promenade Ave, Wayzata, MN 55391
  • The Country Center — 1055 Central Ave N, Wayzata, MN 55391
  • Marquee Place — 681 Lake St E, Wayzata, MN 55391
  • The Old Village Building — 305 Minnetonka Ave S, Wayzata, MN 55391

Frequently Asked Questions

What type of property is this?
Shopping center - Mixed-use development with 111,000 SF retail anchored by Anthropologie, plus a 92-room boutique hotel.
Where is this shopping center located?
The property is located at 100-302 Promenade Ave Wayzata, MN.
What are key features of this property?
This property features: Five‑building mixed‑use, pedestrian‑friendly development in the Wayzata Commercial District; 111,000 SF retail space; 92‑room boutique hotel
(952) 563-6693 Call to check price and availability
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