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401 E Lake St
3,207 SF of Office Space Available in Wayzata, MN 55391
Highlights
- Located in the west end of downtown Wayzata
- Walking distance to restaurant/retail/lakefront
- State of the art high-end timeless Class A office/retail building
- Covered and underground parking
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 3rd Floor, Ste 3xx | 3,207 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Negotiable |
3rd Floor, Ste 3xx
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS FOR 401 E Lake St , Wayzata, MN 55391
| Property Type | Retail | Year Built/Renovated | 1950/2021 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 3.63/1,000 SF |
| Gross Leasable Area | 17,979 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 17,979 SF |
| Year Built/Renovated | 1950/2021 |
| Parking Ratio | 3.63/1,000 SF |
About the Property
Unparalleled lake views of Lake Minnetonka! Located in the west end of downtown Wayzata, the 401 Lake Street East retail/office building will add timeless beauty fitting seamlessly into the existing downtown fabric. The graceful three-story high-end building offers classical proportions and luxurious, heritage-quality materials, and is designed with the core values of the Wayzata Lake Effect Masterplan. Joining other recent developments which include Wayzata Blu, Myer Place at Ferndale, 401 Lake Street East is a picture-perfect place to locate your retail/service business or office in early 2022. Up to 7,280RSF (divisible) of second full floor office space. Setting a new standard for Class A office space, the office/retail building features classical proportions with heritage-quality high-end modern office/lobby materials and finishes, state-of-the-art air filtration system, natural lighting with sleek glass lines, and exquisite water views of Lake Minnetonka. 1,741RSF retail/service first floor space available. The first floor prominent space allows for up-scale attainable/functional luxury retail, service, medspa, office uses. The space features a street level entrance, natural lighting, streamlined glass lines for window displays/merchandising/signage. Located on the west end of Wayzata’s downtown retail/commercial district. The expected completion date/turnover is early 2022. Make your Inquiry today for retail or office space with Lisa Diehl (retail space) or Jim Freytag (office space).
- Signage
- Waterfront
Nearby Major Retailers
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401 E Lake St
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