12401 Minnetonka Blvd, Minnetonka, MN 55305

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Building Details:

• Year Built: 1963

12401 Minnetonka Blvd is located in Minnetonka, MN.

Highlights
Perfect Small Owner User Office Building
Huge Visibility with 15,800 VPD on Minnetonka Blvd
2nd Floor Available & Short Term Leases in Place on First Floor
Huge Half Acre Lot with 19 Parking Stalls
Tremendous Value Add Opportunity for Investor
Huge Price Reduction for Quick Sale
Description
SALE: $379,000 or LEASE: $15.00-$17.00/SF GROSS

New office sale offering in Historic Minnetonka Mills! Building is situated on Minnetonka Blvd visible to 15,800 VPD. Existing tenants are on month-month leases, making this a unique opportunity for an owner user to occupy half of the building with income, or the entire building.

Motivated ownership has reduced the offering price from $425,000 to $379,000. Over $80,000 in capital improvements have been performed since 2005.

Contact brokers for additional information.

**4,376 SF Split Level Office Building on .51 Acre Lot
**Currently Multi-Tenanted into Four Office Suites
**New Roof Installed in 2005 with 20 Year Warranty
**$25,000 in Tenant Improvements in Suites 101 & 201
**New Windows Throughout & Common Area Updates (2008)
**Natural Gas, Hot Water (Baseboard) Heat, 4 Zones
**Nineteen (19) Parking Spaces Patched & Seal Coated (2007)
**2014 Property Tax: $16,221 (Assessed Value $429,000)
**Current Owners Paid $490,000 in 2009
**Strong Visibility & Easy Access Excellent Owner User Opportunity

12401 Minnetonka Blvd, Minnetonka.