13110 Excelsior Blvd
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13110 Excelsior Blvd
14,000 SF 100% Leased Retail Building Minnetonka, MN 55343 $1,775,000 ($127/SF)
Executive Summary
Investment property with long term tenants (Hot-Tubs/Pools biz 24 years and Karate School 42 years). Includes a Vacant 3,000 Sq. Ft. steel and block unheated garage. Great place for Investor to keep toys. Plus a vacant is an 1500 Sq. Ft. office (or studio apartment) on 2nd floor. Great demographic neighborhood between Hopkins and Glen Lake. Current lease for anchor 5 years. Nice curb appeal with brick and granite façade. Gross rent of $156,000 NOI $104k.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$156,000
|
$11.14
|
| Taxes |
$38,900
|
$2.78
|
| Operating Expenses |
$12,800
|
$0.91
|
| Total Expenses |
$51,700
|
$3.69
|
| Net Operating Income |
$104,300
|
$7.45
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $156,000 |
| Annual Per SF | $11.14 |
| Taxes | |
|---|---|
| Annual | $38,900 |
| Annual Per SF | $2.78 |
| Operating Expenses | |
|---|---|
| Annual | $12,800 |
| Annual Per SF | $0.91 |
| Total Expenses | |
|---|---|
| Annual | $51,700 |
| Annual Per SF | $3.69 |
| Net Operating Income | |
|---|---|
| Annual | $104,300 |
| Annual Per SF | $7.45 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,000 SF
Building Class
C
Year Built
1962
Price
$1,775,000
Price Per SF
$127
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
3 Exterior
Building FAR
0.31
Lot Size
1.05 AC
Zoning
B-2 - Mixed use neighborhood Commercial
Parking
20 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
184 FT on Excelsior Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 27-117-22-11-0069 | Total Assessment | $1,379,000 (2023) |
| Land Assessment | $519,000 (2023) | Annual Taxes | $38,900 ($2.78/SF) |
| Improvements Assessment | $860,000 (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
27-117-22-11-0069
Land Assessment
$519,000 (2023)
Improvements Assessment
$860,000 (2023)
Total Assessment
$1,379,000 (2023)
Annual Taxes
$38,900 ($2.78/SF)
Tax Year
2025
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13110 Excelsior Blvd
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