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    Property profile & analytics
    OFF-MARKET Estimated value $1,700,000
    Commercial real estate

    106 Broadway S Ave, Wayzata, MN 55391-1701

    0.15 ac lot Built 2005
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US46-0864381
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2005
    Construction WOOD
    Lot 0.15 ac (6,534 SF)
    APN 06-117-22-13-0037
    UPID US46-0864381
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.70M
    Owner & transaction history
    Trp Holdings LLC · 1 yrs held
    Trp Holdings LLC
    since 2025
    Last sale
    $1.7M
    6 recorded transactions
    2025
    $1.7M
    2009
    $1.4M
    2005
    $725,000
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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