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    Kings Point Rd Excelsior, MN 55331

    Sponsored
    For Sale
    Contact for pricing

    Prime Minnetonka retail/residential land. High-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.64-acre commercial and residential land parcel presents a unique investment opportunity in the thriving Woodland Cove development in Minnetrista, Minnesota. Located at Kings Point Rd, 55331, this PUD (Planned Unit Development) zoned lot offers unparalleled potential. The property benefits from its strategic location adjacent to a recently opened 48,000 square foot Mackenthun's Fine Foods with an integrated Caribou Coffee (February 2024 opening). Furthermore, a brand new 148-unit market-rate apartment building developed by Doran Companies opened in Fall 2024, significantly increasing foot traffic and consumer density. Situated within the master-planned Woodland Cove community, encompassing approximately 1,114 residential lots/units, this site enjoys exceptional visibility and access. Its proximity to Lake Minnetonka Regional Park and Carver Park Reserve provides recreational amenities, while the highly-rated Westonka School District 277 adds to its desirability. Conveniently located just 20 miles west of Downtown Minneapolis, this property offers easy access to a large consumer base. This is a rare opportunity to acquire a prime commercial and residential land parcel in a rapidly growing area with exceptional existing infrastructure and future development potential. Outlots A and C are already sold, making this the last remaining opportunity within this highly sought-after development.

    Property Features for 0 Kings Point Rd

    General Information

    Property type
    Land
    Lot Size
    71,438 SF

    HighLights

    • Outlot A: Sold.
    • Outlot B: 1.64‑acre parcel.
    • Outlot C: Sold.
    • PUD zoning.
    • Adjacent to a new 48,000 SF Mackenthun's Fine Foods with Caribou Coffee (opened February 2024).
    • Adjacent to a new 148‑unit market‑rate apartment building (opened Fall 2024).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Excelsior
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.7019204
    Latitude
    44.9033443

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    FAQs

    What type of property is this?
    Land - Prime Minnetonka retail/residential land. High-growth area.
    Where is this land located?
    The property is located at Kings Point Rd Excelsior, MN.
    What are key features of this property?
    This property features: Outlot A: Sold.; Outlot B: 1.64-acre parcel.; Outlot C: Sold.
    Request Owner's contact information
    Kings Point Rd Excelsior, MN 55331
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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
    Kings Point Rd Excelsior, MN 55331
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