7601 Wayzata BlvdMinneapolis, MN 55426

Property Details for 7601 Wayzata Blvd

Year built

1965

Lot size

0.46 AC

Property size (Sq ft)

69,306 SF

Property type

Commercial real estate

APN

05-117-21-32-0051

APU

511721320051

Description

This exceptional 8,353-square-foot medical office building, located at 7601 Wayzata Boulevard in Minneapolis, Minnesota, presents a compelling investment opportunity. The property, built in 1965 and extensively renovated in 2021, boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $221,220. The asking price is $2,650,000. Situated on a 0.46-acre lot, the building offers ample parking with 26 spaces. The single-tenant, NNN lease structure provides a stable income stream. This highly visible location on Wayzata Boulevard near Louisiana Avenue and Interstate 394 ensures excellent accessibility to both downtown Minneapolis and the surrounding suburbs. The property benefits from a robust trade area, including luxury car dealerships, retail stores, and complementary healthcare services, further enhancing its value and appeal. The surrounding area also includes residential properties. This is a prime investment in a desirable Minneapolis suburb with a strong, stable tenant base. The building's location in a heavily trafficked area ensures high visibility and accessibility for patients and staff.

• Alternative Use

  Use

  Valuation

  Residential

  $15,989,584

  Hospitality

  $14,646,373

  Educational

  $12,185,611

  Medical

  $12,604,693

  Retail

  $18,955,394

Location Insight

City

St Louis Park

County

Hennepin

State

Minnesota

Latitude

44.9707

Longitude

-93.3767

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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