Property profile

14400 Excelsior Blvd Minnetonka, MN 55345

OFF-MARKET
Commercial real estate
Property ID
US46-0034942
36,885 SF 3.56 ac lot Built 1982
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Glen Lake Village, located at 14400 Excelsior Blvd in Minnetonka, Minnesota, presents a prime retail opportunity. This grocery-anchored center offers 1,620 square feet of immediately available space within a larger 3,350 square foot building. The property is classified as multi-tenant commercial retail space in Hennepin County, zip code 55345. Ample parking is provided with 147 spaces available for customers and tenants. The location benefits from high visibility and convenient access for shoppers. This space is ideal for a variety of retail uses, complementing the existing tenants and thriving commercial environment. The property's strategic location in Minnetonka offers excellent access to a dense residential population and significant daily traffic flow along Excelsior Boulevard. The 1,620 square feet of vacant space provides a flexible layout adaptable to various business needs. This is a unique opportunity to establish a presence in a well-established and successful retail center. The property is situated at 44.9062233 latitude and -93.4637289 longitude. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 36,885 SF
Lot 3.56 ac (155,074 SF)
Zoning code PUD
APN 28-117-22-44-0526
UPID US46-0034942

Cap rate & NOI

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

Location

14400 Excelsior Blvd Minnetonka, MN 55345-5820
Minnetonka metro Census 26206 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.27M
Blend (final) Blend
$4.27M

Owner & transaction history

since 2015
7 recorded transactions
2015
$6.2M
2015
$6.2M
2015
$5.2M
2012
$4.7M
2010
$2.6M
2009
$3.0M
2006
$2.7M

Zoning & alternative use

PUD · Minnetonka, MN
Zoning description

102. "Planned unit development (PUD)" - a zoning classification and development type in which the city grants flexibility from certain subdivision and zoning regulations to achieve a public benefit that would not otherwi…

General category PLANNED_DEVELOPMENT

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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