1850 W Wayzata Boulevard, Long Lake, MN 55356 (MLS# 6652496)


$1,600,000
1850 W Wayzata Boulevard
Long Lake, MN 55356
MLS# 6652496
Status: Closed




Property Description
Historic 1905 built, brick two story building in downtown Long Lake. High demand boutique office space for small businesses or professionals in need of independent space. Visible and accessible to highway 12. Located just a short walk to restaurants, retail, professional services, and picturesque Long Lake. 5,100 finished square feet. Complete renovation since being purchased in 2021. Both levels feature new or refinished flooring, remodeled bathrooms, fresh paint, new light fixtures, reconfigured spaces + a new roof (2024). Main-Level features 2 larger office suites. Each features their own private entrance, lobby, multiple offices & workspaces, a remodeled bathroom, storage, and kitchenette areas. Upper-Level features 8 individual office suites (2 suites offer double offices), a conference room, 2 remodeled bathrooms, coffee bar/fridge space, and common areas. Current loan is potentially assumable upon qualification and is fixed at 4% through April 2032. More information on loan and building financials are available. Serious inquiries only.

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2025-06-11
Current Price: 1450000
Closed Date: 2025-04-18
Sales Close Price: 1450000
Contingency: None
ListPrice: 1600000
List Date: 2025-01-23
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 7
Year Built: 1905
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 2590
For Sale or Lease: For Sale
Acres: 0.17
Lot Dimensions: irregular
Location Tax and Other Information
House Number: 1850
Street Direction Prefix: W
Street Name: Wayzata
Street Suffix: Boulevard
Postal City: Long Lake
County: Hennepin
State: MN
Zip Code: 55356
Complex/Dev/Subdivision: Town Of Long Lake
Assessments
Tax With Assessments: 25352
Basement
Foundation Dimensions: 74x35
Building Information
Building Finished SqFt: 5100
Building SqFt: 5100
Ceiling Height: Varied Heights
Income and Expenses
Annual Gross Expenses: 44486
Annual Gross Income: 148579
Annual Net Income: 104092
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 34
Township#: 118
Sale Options
Sale Includes: Building, Fixture/Equipment, Leases
Unit Details
Total Units: 10
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Ceiling Fan(s); Hardwood Floors; Natural Woodwork; Vaulted Ceiling(s)
Appliances: Microwave; Refrigerator
Assumable Loan: Yes w/ Qualifying
Basement: Concrete Block; Full; Storage Space; Unfinished
CMU Style: Office
Construction Materials: Block; Brick; Concrete
Construction Status: Previously Owned
Current Use: Office
Existing Financing: Conventional
Exterior: Brick Veneer
Financing Terms: Cash
Flooring: Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Assumable; Cash; Conventional; Other
Location Description: Free Standing
Lock Box Type: None
Miscellaneous Information: 2+ Lavatories
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: Exterior Maintenance; Repairs; Roof Maintenance; Snow Removal; Taxes
Parking Characteristics: Parking Lot; Paved Lot; Unassigned; Other
Potential Use: Grocery; Office; Professional; Restaurant; Retail
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less
Sewer: City Sewer - In Street
Stories: Two
Tenant Pays: Other
Wall Description: Concrete/Block; Drywall; Finished; Insulated
Water: City Water - In Street

Listing Office: Edina Realty, Inc.

Last Updated: August - 08 - 2025

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