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    Property profile & analytics
    OFF-MARKET Estimated value $3,560,000
    Commercial real estate

    10801 Wayzata Blvd, Minnetonka, MN 55305-5510

    13,622 SF 2.78 ac lot Built 1985
    Trust Owned 1-yr Hold Free & Clear
    Property ID
    US46-0145007
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.41M
    CAP Approach CAP
    $2.32M
    Comparable Approach Comparable
    $3.60M
    Blend (final) Blend
    $3.56M
    Owner & transaction history
    First International Bank & Trust · 1 yrs held
    First International Bank & Trust
    since 2025
    Last sale
    $3.7M
    3 recorded transactions
    2025
    2025
    $3.7M
    2000
    $3.8M
    Zoning & alternative use
    PID · Minnetonka, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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