201 Lake St E, Wayzata, MN 55391 Property Records

Hennepin County property record for 201 Lake St E, Wayzata, MN 55391

Property Summary

Property TypeCommercial
Detailsbuilt 1996
Lot Size2.73 acres (118,919 sqft)
Owner2 Individual Names on File
Last Sale$707,813 (Aug 1996)
Tax Bill$217,553 (2025)
Deeds & MortgagesFeb 2024 Line of Credit
Nov 2022 Line of Credit
+ 3 more
Flood ZoneZone X (minimal risk)
APN06-117-22-23-0364

Property Details

APN / Parcel Number

Primary APN06-117-22-23-0364

Interior

Units85 Units

Exterior

Year BuiltBuilt 1996
Effective Year BuiltEffective 1996
Construction TypeMasonry / Concrete Block
Fire ResistanceMasonry Walls, Wood Interior
Lot Area118,919 sqft (2.73 acres)

Utilities, Heating & Cooling

Cooling SystemPackage A/C
Heating SystemHVAC

Location & Zoning

Street Address201 LAKE ST E
CityWAYZATA
StateMN
Zip55391-1608
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionLOT 001 BLOCK 001 B LAKE WEST IRREGULAR
Legal Range22
Legal Township117
Legal Section06
Legal Quarter23
Legal SubdivisionLAKE WEST
Legal Block1
Legal Lot Number1
JurisdictionHENNEPIN MN
Township / Civil DivisionWAYZATA
Census Block Group2
Census Block2036
Census Tract27300

Owner

201 Lake St E, a commercial property, is owned by two individuals who bought it in August 1996.

Source: Hennepin County records, as of July 31, 2026

Owner of Record2 Individual Names on File
Mailing Address319 BARRY AVE S, 301, WAYZATA, MN 55391-4124
Owner TypeIndividual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Feb 13, 2024Deed of Trust, Mortgage · Line of Credit
MIDWEST BANK
Nov 8, 2022Deed of Trust, Mortgage · Line of Credit
MIDWEST BANK
May 9, 2024Deed of Trust, Mortgage · Line of Credit
FRANDSEN BANK & TRUST
May 9, 2024Deed of Trust, Mortgage · Line of Credit
FRANDSEN BANK & TRUST
Jul 18, 2019Deed of Trust, Mortgage · Line of Credit
MIDWEST BK

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleAug 8, 1996 · Amount on File
Deed SaleAug 8, 1996 · Amount on File
Deed Document Number1996613596
Record UpdatedSep 20, 2026

February 2024: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionHENNEPIN MN
Property Address201 LAKE ST E, WAYZATA, MN 55391-1608
Transaction TypeMortgage
Record UpdatedMay 12, 2026

Transferred To (Grantee/Buyer)

NameVerified Name
Address319 BARRY AVE S 301, 301, WAYZATA, MN 55391-4124

Mortgage

Document Number0A11263773
DateFeb 13, 2024
InstrumentA11263773
Lender
NameMIDWEST BANK
TypeBank
AddressDETROIT LAKES, MN 56501
Agreement
TypeLine of Credit
AmountAmount on Record
Interest
Rate TypeAdjustable Rate
Change FrequencyMonthly

November 2022: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionHENNEPIN MN
Property Address201 LAKE ST E, WAYZATA, MN 55391-1608
Transaction TypeMortgage
Record UpdatedMay 12, 2026

Transferred To (Grantee/Buyer)

NameVerified Name
Address319 BARRY AVE S 301, 301, WAYZATA, MN 55391-4124

Mortgage

Document Number00T5983833
DateNov 8, 2022
InstrumentT5983833
Lender
NameMIDWEST BANK
TypeBank
AddressDETROIT LAKES, MN 56501
Agreement
TypeLine of Credit
AmountAmount on Record
Term11 Months
DueSep 30, 2023
Interest
Rate TypeAdjustable Rate
Change FrequencyMonthly

May 2024: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionHENNEPIN MN
Property Address201 LAKE ST E, WAYZATA, MN 55391-1608
Transaction TypeMortgage
Record UpdatedMay 12, 2026
Title CompanyOLD REPUBLIC TITLE, OLD REPUBLIC NATIONAL TITLE

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number00T6073446
DateMay 9, 2024
InstrumentT6073446
Lender
NameFRANDSEN BANK & TRUST
TypeBank
AddressJORDAN, MN 55352
Agreement
TypeLine of Credit
AmountAmount on Record
Term8 Months
DueDec 31, 2024
Interest
Rate TypeAdjustable Rate
Change FrequencyMonthly

May 2024: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionHENNEPIN MN
Property Address201 LAKE ST E, WAYZATA, MN 55391-1608
Transaction TypeMortgage
Record UpdatedMay 12, 2026
Title CompanyOLD REPUBLIC TITLE, OLD REPUBLIC NATIONAL TITLE

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0A11283222
DateMay 9, 2024
InstrumentA11283222
Lender
NameFRANDSEN BANK & TRUST
TypeBank
AddressJORDAN, MN 55352
Agreement
TypeLine of Credit
AmountAmount on Record
Term8 Months
DueDec 31, 2024
Interest
Rate TypeAdjustable Rate
Change FrequencyMonthly

July 2019: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionHENNEPIN MN
Property Address201 LAKE ST E, WAYZATA, MN 55391-1774
Document Number0010703558
Instrument DateJul 18, 2019
Transaction TypeMortgage
Record UpdatedOct 3, 2019
Title CompanyNOT AVAILABLE

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address319 BARRY AVE S #301 WAYZATA MN 553914124, 301, WAYZATA, MN 55391-4124

Mortgage

Document Number0010703558
DateSep 19, 2019
Instrument10703558
Lender
NameMIDWEST BK
TypeBank
Address613 HIGHWAY 10 E, DETROIT LAKES, MN 56501-4145
Agreement
TypeLine of Credit
AmountAmount on Record
Term240 Months
DueSep 18, 2039
Interest
Rate TypeAdjustable Rate

Tax Assessment & Valuation

The 2025 property tax bill for 201 Lake St E was $217,553.

Source: Hennepin County assessment roll, as of June 23, 2026

Property Jurisdictions

TypeName
StateMinnesota
CountyHennepin County
MunicipalityWayzata City
Unified School DistrictWayzata Public School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$217,553.00$7,609,000 Land $7,608,000 Building $1,000$7,609,000 Land $7,608,000 Building $1,000
2023$218,978.00
2022$7,609,000 Land $7,608,000 Building $1,000$7,609,000 Land $7,608,000 Building $1,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 201 Lake St E in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective December 25, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Nearest Special Flood Hazard AreaZone AE, within 500 ft
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies3 in force
Nearby Flood Claims1 (1987)
Most Recent ClaimJul 1987 · Severe Storms, Tornadoes & Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 201 Lake St E has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemWayzata
serves 4,592 people · EPA ID MN1270054
Water SourceGroundwater
Last State InspectionJun 2025
LeadUnder 1 ppb (2021–2023)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 209 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250
Mediacom Xtream
Cable · Fiber in parts of the area
1,000 / 50
Verizon
Fixed Wireless
300 / 20
AT&T
Fixed Wireless
100 / 20
T-Mobile
Fixed Wireless
100 / 20

May also be available: CenturyLink.

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