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4388 Shoreline Dr 16,686 SF 100% Leased Retail Building Spring Park, MN 55384 $1,899,000 ($113.81/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Lakeviews from third floor offices
EXECUTIVE SUMMARY
Welcome to 4388 Shoreline Drive – a rare opportunity to own a highly visible commercial property in the vibrant and growing lakeside community of Spring Park. Whether you’re an investor looking to expand your portfolio or a business owner seeking a home base with character and convenience, this location delivers.
Positioned along one of the most traveled corridors on Lake Minnetonka, this property offers excellent street presence, ample parking, and flexible interior space to support retail, service, or office uses. With strong traffic counts, close proximity to Lord Fletcher’s, the Dakota Rail Regional Trail, Spring Park Boat Ramp, The Brand-New Shoreline Hotel, Back Channel Brewing, and other local favorites, you’ll benefit from both local loyalty and seasonal energy.
The building features a spacious, open layout that invites creativity—ready to be reimagined for your vision. Current zoning supports a variety of commercial uses, and the lake-adjacent setting adds an undeniable charm that clients, customers, and employees will appreciate.
This is more than just a property—it's a place to grow something great, in a community that values connection, character, and local success.
Let’s talk about the possibilities. Spring Park is ready for what’s next—and 4388 Shoreline Drive might be just the place to make it happen.
Positioned along one of the most traveled corridors on Lake Minnetonka, this property offers excellent street presence, ample parking, and flexible interior space to support retail, service, or office uses. With strong traffic counts, close proximity to Lord Fletcher’s, the Dakota Rail Regional Trail, Spring Park Boat Ramp, The Brand-New Shoreline Hotel, Back Channel Brewing, and other local favorites, you’ll benefit from both local loyalty and seasonal energy.
The building features a spacious, open layout that invites creativity—ready to be reimagined for your vision. Current zoning supports a variety of commercial uses, and the lake-adjacent setting adds an undeniable charm that clients, customers, and employees will appreciate.
This is more than just a property—it's a place to grow something great, in a community that values connection, character, and local success.
Let’s talk about the possibilities. Spring Park is ready for what’s next—and 4388 Shoreline Drive might be just the place to make it happen.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
16,686 SF
Building Class
B
Year Built
1992
Price
$1,899,000
Price Per SF
$113.81
Cap Rate
7%
NOI
$132,930
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Slab To Slab
11’
Building FAR
0.47
Lot Size
0.82 AC
Zoning
Commerical - see this link.
https://media.northstarmls.com/mediadisplay/316/6497316-171260127851115.pdf
Parking
40 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Energy Performance Rating - C
- Storage Space
- Air Conditioning
- Balcony
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Lake Minnetonka Motorsports
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Lake Minnetonka Motorsports | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-117-23-43-0027 | Improvements Assessment | $1,593,000 |
| Land Assessment | $198,000 | Total Assessment | $1,791,000 |
PROPERTY TAXES
Parcel Number
18-117-23-43-0027
Land Assessment
$198,000
Improvements Assessment
$1,593,000
Total Assessment
$1,791,000
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4388 Shoreline Dr
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