Retail Building For
7035 Wayzata Blvd, St Louis Park, MN 55426
9,436 SF building available for sale or lease.
Type:Retail
Property size:
9,436 SFPrice / SF:
$211/SF- Added:
- Feb 20, 2026
- Days on Market:
- 86
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 7035 Wayzata Blvd
General Information
- Standard status
- Active
- Size
- 9,436 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1963
Listing agent Sean Haung License #MN
Listing office NAI Gateway
Listing date Feb 20, 2026
Source Crexi
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
HighLights
- Building size: 9,436 square feet
- Available space: 4,368 square feet
- Purchase opportunity at $2,000,000 or lease at $17.00/sq ft/year
- Built in 1963
- Transaction conducted through an offering process
- Subject to a Confidentiality Agreement
Overview
The subject property, totaling 9,436 square feet, is available for sale at an asking price of $2,000,000 or for lease at $17.00 per square foot per year. Currently, 4,368 square feet of the building is available. The transaction will be conducted through an offering process in accordance with the terms and provisions of an Offering Memorandum, which NAI Global may amend or update at its discretion. Prospective purchasers have signed a Confidentiality Agreement as a condition of receiving the Offering Memorandum. Inquiries concerning the procedures outlined in the Offering Memorandum may be directed to NAI Global.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.26M
NOI $113,642 @ 9.00% cap · cautious / downside scenario
Moderate
$1.62M
NOI $113,642 @ 7.00% cap · market / base-case scenario
Aggressive
$2.27M
NOI $113,642 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.5k | $18.60 |
| − Vacancy | −$13.2k | −$1.40 |
| EGI | $162.3k | $17.21 |
| − OpEx | −$48.7k | −$5.16 |
| NOI | $113.6k | $12.04 |
9,436 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,642 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,586 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Viking Blinds
(Bike/Boat/Book/etc) Store
Fhit Players
Construction Company
Location Insight
- Map
- Local Demand
- City
- St Louis Park
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.3690637
- Latitude
- 44.9703632
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 9,436 SF building available for sale or lease.
Where is this retail space located?
The property is located at 7035 Wayzata Blvd St Louis Park, MN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Building size: 9,436 square feet; Available space: **4,368 square feet**; Purchase opportunity at **$2,000,000** or lease at $17.00/sq ft/year
