14704 Excelsior Boulevard, Minnetonka, MN 55345 (MLS# 6702023)
$1,395,000
Minnetonka, MN 55345
MLS# 6702023
Status: Closed
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Property Description
Rarely available income producing property in the heart of Minnetonka! Step into cash flow from day 1. Well located, high visibility retail center with long standing tenants.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2025-10-10
Current Price: 1200000
Closed Date: 2025-10-10
Sales Close Price: 1200000
Contingency: None
ListPrice: 1395000
List Date: 2025-04-10
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Year Built: 1965
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 6000
Garage Stalls: 24
For Sale or Lease: For Sale
Acres: 0.53
Lot Dimensions: 0x
Location Tax and Other Information
House Number: 14704
Street Name: Excelsior
Street Suffix: Boulevard
Postal City: Minnetonka
County: Hennepin
State: MN
Zip Code: 55345
Assessments
Tax With Assessments: 22505
Building Information
Building Finished SqFt: 6000
Building SqFt: 6000
Income and Expenses
Annual Gross Expenses: 40405
Annual Gross Income: 144000
Annual Net Income: 103595
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 22
Section#: 33
Township#: 117
Sale Options
Sale Includes: Building, Leases
Unit Details
Total Units: 2
Property Features
Accessible: None
CMU Style: Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Professional Service; Retail
Exterior: Brick/Stone
Financing Terms: Trade
Foundation: None
Fuel: Natural Gas
Heating: Other
Loan Terms: Cash; Conventional
Lock Box Type: Combo
On Site Utilities: Electric Separate; Heating Separate
Parking Characteristics: Parking Lot
Potential Use: Income; Retail
Rental License Type: Standard
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Gold Group Realty, LLC
Last Updated: October - 10 - 2025
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