106 Broadway S Ave, Wayzata, MN 55391-1701
This exceptional 5,190 square foot freestanding office building presents a lucrative investment opportunity in the thriving Wayzata business community. Situated on a 0.15-acre lot at the highly desirable corner of Wayzata Boulevard and Broadway Avenue, this property enjoys unparalleled visibility and accessibility. Just two blocks north of Lake Street and the picturesque shores of Lake Minnetonka, the building benefits from a prime location within a vibrant and growing area. The custom-built, two-story brick structure offers a well-balanced layout featuring a mix of private offices and open workspaces, catering to diverse business needs. The 3,460 square feet of above-ground space is complemented by ample off-street parking and professionally landscaped grounds. The building is currently fully leased through April 30, 2027, providing immediate and substantial rental income. Wayzata's dynamic business environment is marked by recent expansions, including new restaurants, shops, the Landing Hotel, and the Panoway development on Wayzata Bay. Located a convenient 12 miles west of downtown Minneapolis, this property offers an ideal blend of suburban tranquility and urban accessibility. Appointments to view the property are available Monday through Friday, from 10:00 AM to 5:00 PM. This is a rare opportunity to acquire a high-quality, fully leased office building in one of Minnesota's most desirable locations.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.