401 Lake St E, Wayzata, MN 55391 Property Records

Hennepin County property record for 401 Lake St E, Wayzata, MN 55391

Property Summary

Property Type	Commercial
Details	built 2021
Lot Size	0.24 acres (10,454 sqft)
Owner	Company Name on File
Last Sale	$17,500,000 (Dec 2024)
Tax Bill	$416,065 (2025)
Deeds & Mortgages	Sep 2018 Sale
Flood Zone	Zone X (minimal risk)
APN	`06-117-22-31-0103`

Property Details

APN / Parcel Number

Primary APN	`06-117-22-31-0103`

Interior

Units	16 Units

Exterior

Year Built	Built 2021
Effective Year Built	Effective 2023
Fire Resistance	Masonry Walls, Wood Interior
Lot Area	10,454 sqft (0.24 acres)
Lot Dimensions	163 ft deep x 65 ft wide

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating System	HVAC

Location & Zoning

Street Address	401 LAKE ST E
City	WAYZATA
State	MN
Zip	55391-1653
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOT 005 BLOCK 003 A STEPHENS RGT OF BLKS 3 & 4 WAYZATA 65 X 163
Legal Range	22
Legal Township	117
Legal Section	06
Legal Quarter	31
Legal Subdivision	STEPHENS RGT OF BLKS 3 & 4 WAYZATA
Legal Block	3
Legal Lot Number	5
Jurisdiction	HENNEPIN MN
Township / Civil Division	WAYZATA
Census Block Group	2
Census Block	2043
Census Tract	27300

Owner

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

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	2800 NIAGARA LN N, MINNEAPOLIS, MN 55447-4850
Owner Type	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Dec 20, 2024 · Amount on Record
Deed Sale	Dec 20, 2024 · Amount on Record
Prior Sale	Dec 20, 2024 · Amount on Record
Deed Document Number	20246112532
Record Updated	Sep 20, 2026

September 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Sep 14, 2018
Property Address	401 LAKE ST E, WAYZATA, MN 55391-1653
Document Number	0005560730
Instrument Date	Sep 13, 2018
Instrument	5560730
Transaction Type	Transfer
Record Updated	Sep 27, 2018

Transaction

Amount	Amount Recorded
Tax	$8,457.50
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	401 LAKE ST WAYZATA MN 55391, WAYZATA, MN 55391

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Minnesota
County	Hennepin County
Municipality	Wayzata City
Unified School District	Wayzata Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$416,065.00 (+72.84%)	$14,500,000 (+65.05%) Land $2,118,000 Building $12,382,000	$14,500,000 (+65.05%) Land $2,118,000 Building $12,382,000
2024	$240,719.00 (+23.12%)	$8,785,000 (+29.19%) Land $2,118,000 Building $6,667,000	$8,785,000 (+29.19%) Land $2,118,000 Building $6,667,000
2023	$195,509.00
2022		$6,800,000 Land $2,118,000 Building $4,682,000	$6,800,000 Land $2,118,000 Building $4,682,000

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

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

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 in force
Nearby Flood Claims	1 (1987)
Most Recent Claim	Jul 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

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

Wildfire Risk	Not rated no burnable land within ember reach

Drinking Water

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

Water System	Wayzata serves 4,592 people · EPA ID MN1270054
Water Source	Groundwater
Last State Inspection	Jun 2025
Lead	Under 1 ppb (2021–2023) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None 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

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

May also be available: Lumen Technologies.

Nearby Properties on Lake St E

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures