445 Lake St E, Wayzata, MN 55391 Property Records

Hennepin County property record for 445 Lake St E, Wayzata, MN 55391

Property Summary

Property Type	Commercial
Details	built 1988
Lot Size	0.88 acres (38,333 sqft)
Owner	Company Name on Record
Last Sale	$2,425,000 (Mar 2023)
Tax Bill	$730,067 (2025)
Deeds & Mortgages	Mar 2023 Sale & Mortgage Mar 2023 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`06-117-22-31-0093`

Property Details

APN / Parcel Number

Primary APN	`06-117-22-31-0093`

Interior

Units	33 Units

Exterior

Year Built	Built 1988
Effective Year Built	Effective 2010
Construction Type	Steel Frame
Fire Resistance	Masonry Walls, Wood Interior
Lot Area	38,333 sqft (0.88 acres)

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Floor/Wall Furnace

Location & Zoning

Street Address	445 LAKE ST E, 202
City	WAYZATA
State	MN
Zip	55391-1867
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	LOT 001 BLOCK 001 B FOUR FOUR FIVE LAKE ADDN IRREGULAR
Legal Range	22
Legal Township	117
Legal Section	06
Legal Quarter	31
Legal Subdivision	FOUR FOUR FIVE LAKE ADDN
Legal Block	1
Legal Lot Number	1
Jurisdiction	HENNEPIN MN
Township / Civil Division	WAYZATA
Census Block Group	2
Census Block	2043
Census Tract	27300

Owner

Source: Hennepin County records, 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 Record
Mailing Address	16380 S SPRINGWATER RD, OREGON CITY, OR 97045-7407
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Mar 27, 2023	Limited Warranty Deed, Transfer · Commercial Mortgage WELLS FARGO BANK NA
Mar 27, 2023	Limited Warranty Deed, Transfer · Commercial Mortgage WELLS FARGO BANK NA

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Mar 27, 2023 · Amount on Record
Deed Sale	Mar 27, 2023 · Amount on Record
Prior Sale	Mar 27, 2023 · Amount on Record
Deed Document Number	202311189750
Record Updated	Sep 20, 2026

March 2023: Limited Warranty Deed, Transfer

Document Type	Limited Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Mar 27, 2023
Property Address	445 LAKE ST E, WAYZATA, MN 55391-1657
Document Number	0A11189750
Instrument Date	Mar 17, 2023
Instrument	A11189750
Transaction Type	Transfer
Record Updated	Apr 18, 2023

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$84,810.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	445 LAKE ST E, WAYZATA, MN 55391-1657

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	16380 S SPRINGWATER RD, OREGON CITY, OR 97045-7407

Mortgage

Document Number	0A11189751
Date	Mar 27, 2023
Instrument	A11189751

Lender

Name	WELLS FARGO BANK NA
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

March 2023: Limited Warranty Deed, Transfer

Document Type	Limited Warranty Deed
Jurisdiction	HENNEPIN MN
Recording Date	Mar 27, 2023
Property Address	445 LAKE ST E, WAYZATA, MN 55391-1657
Document Number	00T6004931
Instrument Date	Mar 17, 2023
Instrument	T6004931
Transaction Type	Transfer
Record Updated	Apr 4, 2023
Title Company	COMMERCIAL PARTNERS TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$84,810.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	445 LAKE ST E, WAYZATA, MN 55391-1657

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	16380 S SPRINGWATER RD, OREGON CITY, OR 97045-7407

Mortgage

Document Number	00T6004932
Date	Mar 27, 2023
Instrument	T6004932

Lender

Name	WELLS FARGO BANK NA
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	120 Months
Due	Mar 15, 2033

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	$730,067.00 (+93.07%)	$25,400,000 (+93.97%) Land $7,647,000 Building $17,753,000	$25,400,000 (+93.97%) Land $7,647,000 Building $17,753,000
2023	$378,128.00
2022		$13,095,000 Land $7,647,000 Building $5,448,000	$13,095,000 Land $7,647,000 Building $5,448,000

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

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

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 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 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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