Listing Agency: Edina Realty, Inc. E***@edinarealty.com Show Phone

Listed By: Stephanie Spading Show Phone

Source: Exprealty

Added: Sep 21 Changed: Sep 24 Last Checked: Sep 26 at 9:46AM

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Investment Insights

Based on property information with market context.

Orono Garage Condos comprises customizable private flex units in a gated community with owner access codes. Four sizes are offered, from 20 by 40 feet to 31 by 46 feet, and up to three units can be combined. Features include 14-foot overhead doors with windows, ceiling heights up to 26 feet, 150-amp electrical service, in-floor radiant gas heat, floor drains with hose bibbs, and roughed-in plumbing for a full bath and shower. Units also have insulated walls, LED lighting, metal-lined ceilings, an oversized ceiling fan, fire suppression sprinklers, and high-speed fiber internet.

The property is one mile from Lake Minnetonka and five minutes from downtown Wayzata. The units are designed for vehicle, boat, and motorhome storage, and can also be configured as workshops, private lounges, or appointment-only business hubs.

Key Highlights

• Four available unit sizes range from 20x40 to 31x46
• Units can be combined, with up to three spaces in a single buildout
• 14‑foot overhead doors; ceiling heights reach up to 26 feet

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Parts Store Storage Facility Garden Center Furniture & Home Goods Plumbing 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

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 55356, MN

5,790

Population

2,312

Households

2.5

Avg Household Size

45

Median Age

64%

College-Educated

98%

High-School Grad

13.1 sq mi

ZIP Area

442

Density / Sq Mi

$171,333

Median Household Income

$90,433

Median Earnings

$1,732

Median Rent

$712,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Private units offer radiant heat, floor drains, fiber internet, and infrastructure for storage or workshop use.

Where is this flex space located?

The property is located at 208-430 N Old Crystal Bay Road Orono, MN.

What is the asking price?

The asking price for this property is $240,000.

What are key features of this property?

This property features: Four available unit sizes range from 20x40 to 31x46; Units can be combined, with up to three spaces in a single buildout; 14‑foot overhead doors; ceiling heights reach up to 26 feet