13110 Excelsior Blvd Minnetonka, MN 55343

Property Details for 13110 Excelsior Blvd

Year built

1962

Construction

CONCRETE BLOCKS

Lot size

1.03 lot acres

Property size

15,736 SF

Zone code

B-2

Property type

Commercial real estate

APN

27-117-22-11-0069

APU

2711722110069

Description

This exceptional Minnetonka retail investment property at 13110 Excelsior Boulevard boasts 12,736 square feet on a 1.03-acre lot. The property features a strong tenant base with two long-term leases in place: a hot tub/pool business (24 years) and a karate school (42 years), both with current leases ranging from three to five years. This demonstrates exceptional tenant loyalty and a history of consistent income generation. Adding to the investment potential is a vacant 3,000 square foot steel and block unheated garage, ideal for storage or potential lease to a complementary business. Furthermore, a vacant 1,500 square foot space on the second floor presents an opportunity for additional income through lease or conversion to a studio apartment. The property benefits from a desirable location in Minnetonka, a strong demographic area situated between Hopkins and Glen Lake, ensuring high visibility and accessibility. The building itself showcases attractive curb appeal with a brick and granite facade. This property offers a compelling combination of established income streams, significant upside potential, and a prime location, making it an attractive investment opportunity for discerning buyers.

Location Insight

City

Minnetonka

County

Hennepin

State

Minnesota

Longitude

-93.4466

Latitude

44.9174

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments