Building Details

Year Built 1952

Buildings 1

Stories 2

Units 10

Listing Agency: Marcus & Millichap - Minneapolis

Listed By: Michael Jacobs · License #MN: 40760249 CA: 01979550

Source: Crexi

Added: Oct 23, 2025 Changed: Aug 29 Last Checked: Aug 29 at 6:13PM

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Investment Insights

Based on property information with market context.

This mixed-use property combines five apartment units with five storefront retail units in an 11,250-square-foot building constructed in 1952. The residential component includes four two-bedroom apartments and one one-and-a-half-bedroom apartment. Retail suites range from 900 square feet to 1,706 square feet, with three spaces oriented toward Shoreline Drive and two additional spaces positioned at the rear facing Lake Minnetonka. The property occupies almost one acre.

Located at 3455 Shoreline Drive in Orono’s Navarre neighborhood, the building sits west of Lafayette Bay and near the intersection of Shadywood Road and Shoreline Drive. Its setting places both the residential and retail components within the Lake Minnetonka area, with storefront exposure along Shoreline Drive.

Key Highlights

• 11,250 SF mixed‑use building on almost one acre
• Five apartment units: four two‑bedroom units and one one‑and‑a‑half‑bedroom unit
• Five storefront retail units included

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Restaurant HVAC Service Auto Repair Shop Law Firm Dental Office Big Box & Wholesale 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

250

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Five apartments complement retail suites along the Shoreline Drive corridor near Lake Minnetonka.

Where is this mixed-use property located?

The property is located at 3455 Shoreline Drive Orono, MN.

What are key features of this property?

This property features: 11,250 SF mixed‑use building on almost one acre; Five apartment units: four two‑bedroom units and one one‑and‑a‑half‑bedroom unit; Five storefront retail units included