106 Broadway Ave S
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106 Broadway Ave S
5,190 SF 100% Leased Office Building Wayzata, MN 55391 $1,950,000 ($376/SF)
Investment Highlights
- Heavy Traffic
- Onsite parking
- Beautiful millwork
Executive Summary
Highly sought after freestanding office building, with prime corner location at Wayzata Blvd and Broadway just two blocks North of Lake Street and the waters edge of Lake Minnetonka.5,190 SF brick two story with 3,460 above ground was custom built with a nice combination of private offices, open spaces, off street parking and professional landscaping. Located 12 miles West of downtown Minneapolis, Wayzata is a vibrant business community with tremendous growth including new restaurants, shops, the Landing Hotel & the Panoway on Wayzata Bay. Current tenant/lease is in place through 4.30.2027.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,190 SF
Building Class
B
Year Built
2006
Price
$1,950,000
Price Per SF
$376
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,730 SF
Building FAR
0.79
Land Acres
0.15 AC
Zoning
Commercial
Parking
8 Spaces (1.54 Spaces per 1,000 SF Leased)
Amenities
- Security System
1 of 1
PROPERTY TAXES
| Parcel Number | 06-117-22-13-0037 | Total Assessment | $1,360,000 (2023) |
| Land Assessment | $350,000 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,010,000 (2023) | Tax Year | 2022 Payable 2023 |
PROPERTY TAXES
Parcel Number
06-117-22-13-0037
Land Assessment
$350,000 (2023)
Improvements Assessment
$1,010,000 (2023)
Total Assessment
$1,360,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022 Payable 2023
-
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106 Broadway Ave S
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