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1801 Commerce Blvd 5,092 SF Retail Building Mound, MN 55364 $2,876,391 CAD ($564.88 CAD/SF)



Investment Highlights
- RARE 2+ ACRE LAKE MINNETONKA DEVELOPMENT OPPORTUNITY IN MOUND: **This is an exceptional opportunity for visionary business owners and/or developers
Executive Summary
RARE 2+ ACRE LAKE MINNETONKA DEVELOPMENT OPPORTUNITY IN MOUND: **This is an exceptional opportunity for visionary business owners and/or developers in a prime Lake Minnetonka location. This expansive 2+ acre property, with 5000+ sq. ft. of existing commercial, mixed/use space, offers stunning natural surroundings and significant potential for a variety of commercial uses. **Owned by the well-established Huber Funeral Homes, who are relocating their successful Mound business (including pre-arrangements) to their other (2) local sites in Excelsior and Eden Prairie which provides a huge opportunity for the right business! **Future possibilities include but not limited to: Hotel, restaurant, Showrooms, church/ministry, pharmacy/drug store, bank, salon/spa, grocery store, luxury high-end car sales, hospital/urgent care, medical office, dental office, sports gym, event center, banquet hall, chiropractic, orthopedic, professional service... to name a few. **More than ample 60 parking spots for high-traffic businesses with woodlands & wildlife to the West and North, directly across from Harrison Bay on Lake Minnetonka. With Harrison Bay Senior Living next door to the south. **Attached are (3) car tuck-under garages with separate living on the north side of building including (2) bedrooms, kitchen, living room, porch and a private entrance. The existing building includes large meeting areas on the main level, which are perfect for product showrooms. **All just a few blocks north of 100's of local shops including, coffee, gas stations and restaurants with many new developments including the upper bracket town homes complex, Artessa by Cook's Bay. **Seize this chance to bring your vision to life in a sought-after, up & coming Gateway new development community!
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Funeral Home
Building Size
5,092 SF
Building Class
C
Year Built
1955
Price
$2,876,391 CAD
Price Per SF
$564.88 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.15 AC
Zoning
Commericial, Mixed use
Parking
40 Spaces (7.86 Spaces per 1,000 SF Leased)
Frontage
226’ on Commerce Blvd
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Huber Funeral Homes-Cremation
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Huber Funeral Homes-Cremation | Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-117-24-14-0002 | Improvements Assessment | $2,739 CAD |
| Land Assessment | $895,790 CAD | Total Assessment | $898,530 CAD |
Property Taxes
Parcel Number
14-117-24-14-0002
Land Assessment
$895,790 CAD
Improvements Assessment
$2,739 CAD
Total Assessment
$898,530 CAD
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Presented by
Up Front Development LLC
1801 Commerce Blvd
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