Minnetonka, MN 55305

New Listing
$1
Property Type: Commercial Lot Size (sq. ft.): 89,734 Status: Active
Current Price: $1 List Date: 7/20/2026 Last Modified: 7/20/2026

Overview

Description

-Turn-Key 2,629 SF endcap Retail suite in Minnetonka's highly desirable Ridgedale market -Beautiful medical and wellness buildout with a welcoming reception area, private treatment rooms and high-end finishes -Negotiable base rental rate (Bring Offers!) -Highly visible first-floor space at a signalized corner within a modern mixed-use development -Built in 2015 with 115 Luxury Apartment above and 6 retail tenants -More than 70 free on-site parking stalls for customers, patients and employees -Surrounded by major retailers including Nordstrom, Macy's, JCPenneys and Dick's House of Sport -Convenient access to Interstate 394, Interstate 494 and Highway 169 -Estimated 2026 operating expenses total 17.34/SF ($3,800/month), including CAM of $8.06/SF ($1,766/month), real estate taxes of $8.46/SF ($1,854/month) and insurance of $0.82/SF ($179/month). -Existing whole-body cryotherapy chamber ($250k) and infrared sauna may be available for continued use -Just over 5 years remain on the curren ...

Listing Details MLS# 7112728

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Other Parking Spaces
70
Waterfront YN
No
Year Built
2015
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Lot Size SqFt
89734
Foundation Size
2629
For Sale or Lease
For Lease
Lot Dimensions
303x265x167
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None CMU Style: Apartments and Retail; High Rise Construction Status: Previously Owned Current Use: Commercial; Residential; Retail Exterior: Brick/Stone Foundation: Slab Fuel: Natural Gas Heating: Forced Air Lease Details: Triple Net On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot; Paved Lot Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Original List Price
Yes
Contingency
None
ListPrice
Yes
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Minnetonka
County
Hennepin
State
MN
Zip Code
55305
Complex/Dev/Subdivision
Ridgedale State Bank 1st Add

Assessments

Tax With Assessments
655876
Assessment Balance
0

Building Information

Building Finished SqFt
2629

More Information

Lease Details

Land Leased
Not Applicable
Lease Amount Type
Square Foot
Triple Net
Yes

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
03
Township#
117

Sale Options

Sale Includes
Building

Unit Details

Total Units
Yes

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 001 BLOCK 001 RIDGEDALE STATE BANK 1ST ADDN LOT 1, BLOCK 1, RIDGEDALE STATE BANK FIRST ADDITION; AND THAT PART OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 3, TOWNSHIP 117,
Listing City
Minnetonka
Map Page
105
Municipality
Minnetonka
School District
Wayzata
School District Phone
763-745-5000
Zip Plus 4
1661
Property ID Number
0311722440038
Tax Year
2026
Tax Amount
655876
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
-Turn-Key 2,629 SF endcap Retail suite in Minnetonka's highly desirable Ridgedale market -Beautiful medical and wellness buildout with a welcoming reception area, private treatment rooms and high-end finishes -Negotiable base rental rate (Bring Offers!) -Highly visible first-floor space at a signalized corner within a modern mixed-use development -Built in 2015 with 115 Luxury Apartment above and 6 retail tenants -More than 70 free on-site parking stalls for customers, patients and employees -Surrounded by major retailers including Nordstrom, Macy's, JCPenneys and Dick's House of Sport -Convenient access to Interstate 394, Interstate 494 and Highway 169 -Estimated 2026 operating expenses total 17.34/SF ($3,800/month), including CAM of $8.06/SF ($1,766/month), real estate taxes of $8.46/SF ($1,854/month) and insurance of $0.82/SF ($179/month). -Existing whole-body cryotherapy chamber ($250k) and infrared sauna may be available for continued use -Just over 5 years remain on the current lease (October 26, 3031 expiration) - available through sublease or potential direct lease with the Landlord.
Directions
On the corner of Ridgedale Dr and Cartway Ln in Minnetonka, MN.

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Foundation

Slab
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Parking Characteristics

Parking Lot
Yes
Paved Lot
Yes

Sewer

City Sewer/Connected
Yes

Stories

Three Or More
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes
Hot Water Separate
Yes

CMU Style

Apartments and Retail
Yes
High Rise
Yes

Current Use

Commercial
Yes
Residential
Yes
Retail
Yes
IDX
Listing Office: RE/MAX Results
Last Updated: July - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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