13110 Excelsior Blvd
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13110 Excelsior Blvd
14,000 SF 100% Leased Retail Building Minnetonka, MN 55343 $2,557,597 CAD ($183 CAD/SF)
Executive Summary
Investment property with long term tenants (Hot-Tubs/Pools biz 24 years and Karate School 42 years). Includes a Vacant 3,000 Sq. Ft. steel and block unheated garage. Great place for Investor to keep toys. Plus a vacant is an 1500 Sq. Ft. office (or studio apartment) on 2nd floor. Great demographic neighborhood between Hopkins and Glen Lake. Current lease for anchor 5 years. Nice curb appeal with brick and granite façade. Gross rent of $156,000 NOI $104k.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$224,780
|
$16.06
|
| Taxes |
$56,051
|
$4.00
|
| Operating Expenses |
$18,444
|
$1.32
|
| Total Expenses |
$74,495
|
$5.32
|
| Net Operating Income |
$150,286
|
$10.73
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $224,780 |
| Annual Per SF | $16.06 |
| Taxes (CAD) | |
|---|---|
| Annual | $56,051 |
| Annual Per SF | $4.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,444 |
| Annual Per SF | $1.32 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $74,495 |
| Annual Per SF | $5.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $150,286 |
| Annual Per SF | $10.73 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,000 SF
Building Class
C
Year Built
1962
Price
$2,557,597 CAD
Price Per SF
$183 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
3 Exterior
Building FAR
0.31
Lot Size
1.05 AC
Zoning
B-2 - Mixed use neighborhood Commercial
Parking
20 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
184 ft on Excelsior Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 27-117-22-11-0069 | Total Assessment | $1,980,382 CAD (2023) |
| Land Assessment | $745,336 CAD (2023) | Annual Taxes | $56,051 CAD ($4.00 CAD/SF) |
| Improvements Assessment | $1,235,046 CAD (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
27-117-22-11-0069
Land Assessment
$745,336 CAD (2023)
Improvements Assessment
$1,235,046 CAD (2023)
Total Assessment
$1,980,382 CAD (2023)
Annual Taxes
$56,051 CAD ($4.00 CAD/SF)
Tax Year
2025
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13110 Excelsior Blvd
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