Fully Leased Mixed-Use
New
For Sale
$28,429,293
701 Lake St E, Wayzata, MN 55391
Built in 2003 with a flexible layout accommodating multiple tenant configurations.
Property Size44,320 SF
Price / SF$641.46
Days on Market2
Property Features for 701 Lake St E
General Information
Standard status
Active
Size
44,320 SF
Class
A
Property subtype
Mixed Use Office/Retail
Occupancy
100%
Net Operating Income
$1,600,000
Building Details
Building Size
44,320 SF
Year Built
2003
Tenancy
Multi
Listing Agency:
NAI Gateway Commercial
Listed By:
Amelia Larson · License #MN #40825587
(952) 491-3069
Source:
Naiglobal
Added: Sep 20
Last Checked: Sep 20 at 3:03PM
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 NAI Gateway Commercial
Investment Insights
Based on property information with market context.
This mixed-use property at 701 Lake St E in Wayzata encompasses approximately 44,320 SF and was built in 2003. The building is fully leased and occupied by 10 tenants, with a layout that supports multiple tenant configurations.
The property is located on East Lake Street in Wayzata, Minnesota, near Lake Minnetonka. Its tenant count, established occupancy, and adaptable interior arrangement provide a clear profile for commercial real estate evaluation.
The property is located on East Lake Street in Wayzata, Minnesota, near Lake Minnetonka. Its tenant count, established occupancy, and adaptable interior arrangement provide a clear profile for commercial real estate evaluation.
Key Highlights
- Approximately 44,320 SF mixed‑use property
- 100% occupied with 10 tenants
- Built in 2003
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
694
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 2003 with a flexible layout accommodating multiple tenant configurations.
Where is this mixed-use property located?
The property is located at 701 Lake St E Wayzata, MN.
What is the asking price?
The asking price for this property is $28,429,293.
What are key features of this property?
This property features: Approximately 44,320 SF mixed‑use property; 100% occupied with 10 tenants; Built in 2003
