Premium Retail Space on Wayzata Bay

681 Lake St E Lake Street East Wayzata, MN 55391

681 Lake St E Lake Street East , Wayzata, MN, 55391
681 Lake St E Lake Street East , Wayzata, MN, 55391
FOR LEASE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Feb 19, 2026

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Premium Retail Space on Wayzata Bay Space Available • Suite 609: 2,019 sf or 1,871 sf • 2025 CAM/Tax: $23.00 psf • Lease Rate: $45.00 psf Highlights • Premier Lake Street Location in the heart of downtown Wayzata • Brand new building with attractive storefront windows • Signage on Lake Street • Surrounded by boutique shops, upscale dining, and national retailers • Co-tenants include RBC Wealth Management, Talbots, Parcelle Organics (coming soon), Judd Frost Clothiers, Gianni’s Steakhouse, Face Foundrie, Julia Moss, UBS Wealth Management, Sakana Sushi, Evereve, and McCormick’s • Affluent demographic with strong local and tourist traffic • Convenient access to Highway 12/I-394 and I-494 • Abundant additional nearby parking and pedestrian friendly environment • 3 levels of attached, covered parking Demographics • Average Household Income $217,000 • Median Household Income $143,000 Population • 30% of visits 51,820 • 50% of visits 165,215 • 70% of visits 432,726 Traffic Counts • Lake St E: 4,470 vpd • Broadway Ave N: 2,686 vpd

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Map of 681 Lake St E Lake Street East , 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.