Listing Agency: Edina Realty, Inc. E***@edinarealty.com Show Phone

Listed By: Stephanie Spading Show Phone

Source: Exprealty

Added: Aug 28 Changed: Sep 4 Last Checked: Sep 5 at 11:09AM

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Investment Insights

Based on property information with market context.

Orono Garage Condos offers private flex space units designed for vehicle storage and adaptable commercial use. Each unit includes epoxy flooring, in-floor radiant gas heat, a 14-foot industrial overhead door with windows, 150-amp electrical service, floor drains with hose bibbs, LED lighting, insulated walls, metal-lined ceilings, an oversized ceiling fan, and fire suppression sprinklers. High-speed fiber internet and roughed-in plumbing for a full bath and shower are also provided.

Units are located one mile from Lake Minnetonka and five minutes from downtown Wayzata within a secure, gated community with private owner access codes. Four size options range from 20x40 to 31x46, with ceiling heights up to 26 feet for potential mezzanine construction. Spaces may be combined, with up to three units configured as one buildout.

Key Highlights

• Four available unit sizes range from 20x40 to 31x46
• Up to 26‑foot ceiling heights support custom mezzanine construction
• 14‑foot industrial overhead doors with windows

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Building Supply Big Box & Wholesale Store Spa & Massage Center Electrical Service Auto Parts 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.

Lease Details

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

27

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 55356, MN

5,790

Population

2,312

Households

2.5

Avg Household Size

45

Median Age

64%

College-Educated

98%

High-School Grad

13.1 sq mi

ZIP Area

442

Density / Sq Mi

$171,333

Median Household Income

$90,433

Median Earnings

$1,732

Median Rent

$712,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Gated private units accommodate vehicle storage, workshops, lounges, and appointment-only business operations.

Where is this flex space located?

The property is located at Xl-430 N Old Crystal Bay Rd Orono, MN.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Four available unit sizes range from 20x40 to 31x46; Up to 26‑foot ceiling heights support custom mezzanine construction; 14‑foot industrial overhead doors with windows