Office Condo For Sale or Lease

120 Broadway Ave S Broadway Avenue South Wayzata, MN 55391

120 Broadway Ave S Broadway Avenue South , Wayzata, MN, 55391
120 Broadway Ave S Broadway Avenue South , Wayzata, MN, 55391 120 Broadway Ave S Broadway Avenue South , Wayzata, MN, 55391 120 Broadway Ave S Broadway Avenue South , Wayzata, MN, 55391
FOR SALE FOR LEASE
Property Type:
Office Condominium
Amount:
$300,000
Cap Rate:
0.00%
Last Verified:
Oct 18, 2024

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Office Condo For Sale or Lease Condo Unit For Sale: 1,085 sf • Sale Price: $300,000.00 • Association Dues: $222.00 per month • 2024 Tax: $5,192.80 Available For Lease: • Suite 50: 1,085 sf • Lease Rate: $22.00 psf • 2024 Tax/CAM: $7.25 psf Highlights and Features: • Rare office condominium in downtown Wayzata • 2 blocks from the shores of Lake Minnetonka • Year Built: 2004 • PID: 06-117-22-13-0113 • County: Hennepin • 12 miles west of Downtown Minneapolis • Distance to MSP airport: 24 miles • Well maintained property • Professional image building • The unit consists of 2 executive offices, an open work area, copy room, and kitchenette • Private bathroom with shower • Elevator, plus a front and back staircase • Parking: 1 designated parking stall with abundant off-street available • Area amenities include restaurants, parks, golf courses, retail, city hall, library, shopping, and financial services just minutes away

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Map of 120 Broadway Ave S Broadway Avenue South , Wayzata, MN, 55391

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.