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3514-3522 County Road 101 S

0.59 - 0.93 Acre Commercial Land Lots in Wayzata, MN 55391

Commercial Land Minnesota Wayzata 3514-3522 County Road 101 S, Wayzata, MN 55391

Investment Highlights

  • It is conventionally located within a mile of Grays Bay Public Landing, 2.5-miles from downtown Wayzata, and 5-miles from downtown Excelsior
  • This site is walkable to Groveland Elementary and has immediate access to walking and bike trails.
  • Nearby parks include Reich Park, Kelly Park and Bennett Family Park.

Executive Summary

Transwestern is pleased to offer a multifamily redevelopment opportunity blocks from prestigious Lake Minnetonka. Located just south of Grays Bay and within walking distance of retailers and restaurants, the property is tucked into one of the most desirable areas in the Twin Cities. The property consists of three contiguous parcels measuring a combined 2.1 acres and is currently improved with a small office
and two duplexes. The tenants are on short term leases which provides buyers with the unique ability to acquire a cash flowing property while undergoing entitlements and final planning. High household incomes, strong demand for rental housing, and a void of new apartments in the immediate area ensures a successful apartment project.

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type Investment Property Subtype Commercial
No. Lots 3 Proposed Use
Multifamily
  • Apartment Units
Property Type Land Total Lot Size 2.11 AC
Sale Type Investment
No. Lots 3
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 2.11 AC

3 Lots Available

Lot

Lot Size 0.93 AC
Lot Size 0.93 AC

Current Use: Office Year Built: 1948 Size: 4,800 SF Zoning: B-1 - “Office Business District” 2040 Comp Plan: Mixed-Use Land Area: 0.93 AC

Lot

Lot Size 0.59 AC
Lot Size 0.59 AC

Current Use: Duplex Year Built: 1979 Size: 2 Residential Units Zoning: R-2 – “Low Density Residential District” 2040 Comp Plan: Mixed-Use Land Area: 0.59 AC

Lot

Lot Size 0.59 AC
Lot Size 0.59 AC

Current Use: Duplex Year Built: 1979 Size: 2 Residential Units Zoning: R-2 – “Low Density Residential District” 2040 Comp Plan: Mixed-Use Land Area: 0.59 AC

Description

The subject consists of three contiguous parcels totaling 2.1-acres. Parcel 18-117-22-41-0007 is currently improved with a 4,800 SF single-family house that was converted to an office. Parcels 18-117-22-41- 0076 and 18-117-22-41-0077 are both improved with duplexes. All three parcels are guided as Mixed Use in the 2040 comprehensive plan which allows for upwards of 125 units per acre.

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PROPERTY TAXES

Parcel Numbers
Multiple
  • 18-117-22-41-0007
  • 18-117-22-41-0077
  • 18-117-22-41-0076
 Improvements Assessment $1,216,500
Land Assessment $790,000 Total Assessment $2,006,500

PROPERTY TAXES

Parcel Numbers
Multiple
  • 18-117-22-41-0007
  • 18-117-22-41-0077
  • 18-117-22-41-0076
Land Assessment
$790,000
Improvements Assessment
$1,216,500
Total Assessment
$2,006,500

zoning

Zoning Code B-1, R-2
B-1, R-2
(612) 343-4200

Contacts

  • Listing ID: 28327744

  • Date on Market: 4/26/2023

  • Last Updated:

  • Address: 3514-3522 County Road 101 S, Wayzata, MN 55391

More public record information on 3514-3522 County Road 101 S, Wayzata, MN 55391

The Land Property at 3514-3522 County Road 101 S, Wayzata, MN 55391 is currently available for sale. Contact Transwestern Real Estate Services for more information.

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3514-3522 County Road 101 S
(612) 343-4200 x

3514-3522 County Road 101 S

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Michael Salmen

(612) 343-4200

(612) 343-4200

Frank Richie

(612) 359-1674

(612) 359-1674

Erik Coglianese

(612) 987-6664

(612) 987-6664

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