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    1903 Wayzata Blvd Wayzata, MN 55391

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    For Lease
    Contact for pricing

    Prime Wayzata Office Building, 21,800 SF

    Lot size:
    21,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story office building, located at 1903 Wayzata Blvd in Wayzata, Minnesota, presents a unique opportunity. Boasting a total of 21,800 square feet, the entire space is currently vacant, offering unparalleled flexibility for a single tenant or the potential for multiple occupants. Built in 2001, the building features an open concept design, ideal for modern office layouts and adaptable to various business needs. The property is situated in Hennepin County, zip code 55391, providing convenient access to local amenities and major transportation routes. Ample parking is available with 311 spaces provided for tenants and visitors. The building's size and layout make it suitable for a wide range of businesses seeking a prestigious and functional workspace in the desirable Wayzata community. This is a single-tenant building, but the design allows for multi-tenant occupancy if desired. The property offers a significant opportunity for a business seeking a substantial and well-located office space in a thriving Minnesota market. The entire 21,800 square feet is available for immediate occupancy.

    Property Features for 1903 Wayzata Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,800 SF

    Building Details

    Year Built
    2001
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    21,800 SF

    HighLights

    • Excellent location with easy access to Highways 394 and 494.
    • Heated underground parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wayzata
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4870469
    Latitude
    44.9715115

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Wayzata Office Building, 21,800 SF
    Where is this office property / space located?
    The property is located at 1903 Wayzata Blvd Wayzata, MN.
    What are key features of this property?
    This property features: Excellent location with easy access to Highways 394 and 494.; Heated underground parking available.;
    Request Owner's contact information
    1903 Wayzata Blvd Wayzata, MN 55391
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1903 Wayzata Blvd Wayzata, MN 55391
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