Property profile

10801 Wayzata Blvd Minnetonka, MN 55305

OFF-MARKET
Commercial real estate
Property ID
US46-0145007
13,622 SF 2.78 ac lot Built 1985
Trust Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, located at 10801 Wayzata Blvd in Minnetonka, Minnesota, offers 41,496 square feet of premium workspace spread across three stories. Situated on a 2.84-acre lot, the property boasts excellent visibility from I-394, ensuring high brand recognition and accessibility. The building provides ample parking with 132 spaces, a generous ratio of 3.21 spaces per 1,000 square feet, including convenient underground parking. Its prime location offers unparalleled convenience, being just a mile from the Ridgedale Center, a major shopping mall encompassing approximately 140 retail tenants and anchored by JCPenney, Nordstrom, and Macy's. This strategic location provides employees and clients with easy access to a wide array of amenities and services. The property also includes the option of acquiring existing furniture, offering a seamless transition for new occupants. The asking price is negotiable, presenting a unique opportunity for businesses seeking a high-quality, well-located office space in the thriving Minnetonka market. The property's zip code is 55305, and it is located in Hennepin County.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1985
Construction STEEL FRAME
Total area 13,622 SF
Lot 2.78 ac (121,097 SF)
Zoning code PID
APN 01-117-22-32-0053
UPID US46-0145007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10801 Wayzata Blvd Minnetonka, MN 55305-5510
Minnetonka metro Census 26405 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.41M
CAP Approach CAP
$2.32M
Comparable Approach Comparable
$3.60M
Blend (final) Blend
$3.40M

Owner & transaction history

since 2025
Last sale
$3.7M
3 recorded transactions
2025
Price N/A
2025
$3.7M
2000
$3.8M

Zoning & alternative use

PID · Minnetonka, MN
Zoning description

The purpose of the planned I-394 district is to establish a comprehensive, planned framework for development within the I-394 corridor.

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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