21195 Minnetonka Blvd Shorewood, MN 55331-5602
This exceptional 560-square-foot flex space in Excelsior, Minnesota, offers a unique blend of office and shop areas, ideal for a variety of businesses. Located at 21195 Minnetonka Blvd, 55331, this single-tenant unit is part of an 11,000-square-foot multi-tenant light industrial building near St. Alban's Bay. The space boasts a 10' x 15' office seamlessly connected to a 33' x 15' shop area, complete with a stainless steel sink perfect for handwashing or tool cleaning. Enjoy the convenience of central air conditioning and heating, all included in the monthly rent of $840, which also covers utilities and CAM charges. Access is via a 36" exterior door leading through a hallway to a 32" interior door. While the current layout offers indirect outdoor access, a direct exterior door facing Minnetonka Blvd can be installed at the tenant's expense. This one-of-a-kind location provides an unparalleled opportunity for businesses seeking a versatile and well-appointed workspace. The property is classified as Office, Industrial, and Special Purpose.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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