21195 Minnetonka BlvdShorewood, MN 55331

  • Industrial properties
  • 0.64 AC
For Lease
$18/SF/YR View listing

Property Details for 21195 Minnetonka Blvd

Year built
1950
Construction
CONCRETE BLOCKS
Lot size
0.64 AC
Property type
Industrial properties
APN
26-117-23-14-0099
APU
2611723140099

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,615,486
    Hospitality
    $5,143,754
    Educational
    $4,279,544
    Medical
    $4,426,724
    Retail
    $6,657,068
21195 Minnetonka Blvd, Shorewood, Minnesota

Location Insight

City
Shorewood
County
Hennepin
State
Minnesota
Latitude
44.9148
Longitude
-93.5481
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,772
$195,000
$526,000
$721,000
-
$195,000
$526,000
$721,000

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