Redevelopment Land Or Office Buildings for Sale ±21,630 SF on 2.61 ACRES

Redevelopment Land or Office Buildings For Sale ±21,630 SF ON 2.61 ACRES

SHADY OAK RD

FOR SALE 10301 & 10297 YELLOW CIRCLE DRIVE | MINNETONKA, MN

James DePietro Brian Pankratz Senior Vice President First Vice President + 1 952 924 4614 +1 952 924 4665 [email protected] [email protected] This property is located in area which is expected to see PROPERTY INFORMATION increased investment from both the city and adjacent PRIME INVESTMENT OPPORTUNITY OR REDEVELOPMENT SITE property owners due to the forthcoming light rail line. The 10301 & 10297 Yellow Circle Drive properties are well located in Opus park and would be ideal for a redevelopment for multi-family use, office, hotel or entertainment.

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ADDRESS 10301 Yellow Circle Drive 10297 Yellow Circle Drive

PID 36-117-22-34-0015 36-117-22-34-0016

BUILDING SIZE 10,278 SF 11,352 SF

SITE SIZE 1.41 AC 1.20 AC

ZONING Business Park Business Park 1

FUTURE LAND USE Mixed Use Mixed Use

SCHOOL DISTRICT ISD 270 Hopkins School District ISD 270 Hopkins School District 2

TRAFFIC HWY 62 31,486 VPD

SHADY OAK 18,272 VPD

HWY 169 72,000 VPD

Future Southwest Green Line (SW Light Rail Station)

115 feet

18,272 VPD

Bren Road Station Apartments (Dominium project)

SHADY OAK RD HEADQUARTERS

72,000 VPD

31,486 VPD

HEADQUARTERS

VIBRANT LOCATION AREA AMENITIES

• 13,000+ employees in 2 mile radius DINE IN OR GRAB AND GO STAY THE NIGHT • Frontage onto Hwy 62 • 3 blocks from Opus Park light rail station • Easy access to Crosstown 62 via Shady Oak Rd • Close proximity to Highway 169 • 9 miles to Uptown Minneapolis FUEL UP • 12 miles from Downtown Minneapolis • 14 miles from Minneapolis-St. Paul International Airport ZONING FUTURE LAND USE MAP

RESIDENTIAL – HIGH DENSITY This category provides for developments with a net density range of 8 to 16 units per acre, and it is typically used for apartments and condominiums. For projecting land demand, an average density of 10 units per acre was used. The city anticipates that 151 acres of new development will occur at this density between 2021 and 2040. Areas guided high density residential can be zoned R-8 (Mixed Medium Density), R-12 and R-16 (High Density Residential), and PUD-R (Planned Unit Development- Residential). High-density residential areas are located on major transportation corridors, typically near transit, commercial centers, and employment centers.

Land Use Plan Map

Land Use Plan

2040 Comprehensive Plan 3-21 Chapter 3 - Land Use PROPERTY PHOTOS FLOOR PLANS - BUILDING 1 FLOOR PLANS - BUILDING 2 AREA PARKS AND TRAILS

OVER 6 MILES OF RECREATIONAL TRAILS SIDEWALKS, TRAILS, AND BIKEWAYS SOUTHWEST LIGHT RAIL EXTENSION

ROYALSTON AVE/ In 2019 construction began on the 14.5-mile METRO Green Line Extension FARMERS MARKET (Southwest LRT), which will operate from downtown Minneapolis through the communities of St. Louis Park, Hopkins, Minnetonka and Eden Prairie. Service is expected to begin in 2023 with 16 new stations, BASSETT CREEK VALLEY including the Opus station near the property. BRYN MAWR

More information on the Opus Station can be found here.

ST. LOUIS PARK W 21ST ST

BELTLINE BLVD W LAKE ST

WOODDALE AVE

The Opus business park is a MINNEAPOLIS major regional employment HOPKINS LOUISIANA AVE center, with more than 12,000 SHADY OAK BLAKE RD jobs in a wide range of industries including health care, technology and real estate. The area DOWNTOWN HOPKINS features a network of trails for easy pedestrian and bicycle access. MINNETONKA OPUS EDINA

SOUTHWEST LRT ROUTE C ITY WEST SOUTHWEST LRT STATION EDEN PRAIRIE GOLDEN TRIANGLE CITY BOUNDARIES

SOUTHWEST STATION 0 1 2 MILES EDEN PRAIRIE TOWN CENTER SOUTHWEST LIGHT RAIL STATIONS HOPKINS

OPUS STATION RENDERING

Smetana Rd

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S h a d y O a S m e t a n D r k R W d Bren Rd MINNETONKA Bren Rd E OPUS STATION Opus Station at Opus Business Park will connect to more than six miles of pedestrian and bicycle trails that are completely separated from the roadway, providing a park-like setting for local businesses. Green Oak Dr The station is located at the center of a major employment center Red Cir E

that is home to more than 12,000 jobs from the real estate, health

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care, medical device and technology industries. Opus, UnitedHealth r

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e Group, and American Medical Systems are some of the many e

l corporations that have chosen to have offices here. PROPERTY B

The surrounding area also includes multifamily apartments and y Crosstown Hw condominiums in residential communities. Yellow Cir E

EDEN PRAIRIE

Southwest LRT Alignment

Southwest LRT Station LARGEST INDUSTRIES DEMOGRAPHICS HEALTHCARE & PROFESSIONAL, SOCIAL ASSISTANCE SCIENTIFIC, & TECHNICAL POPULATION SERVICES 2021 POPULATION CURRENT YEAR ESTIMATE 1 MILE 3 MILES 5 MILES 6,534 63,970 211,592 RETAIL/TRADE MANUFACTURING HOUSEHOLDS 2021 HOUSING UNITS 1 MILE 3 MILES 5 MILES EMPLOYMENT 4,228 30,513 98,492 2021 DAYTIME WORKERS HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES 12,295 56,699 168,263 2021 AVERAGE HOUSEHOLD INCOME 2021 BUSINESSES 1 MILE 3 MILES 5 MILES $100,873 $131,051 $136,095 1 MILE 3 MILES 5 MILES 707 3,987 10,682

POPULATION BY YEAR EDUCATION BACHELOR’S DEGREE OR HIGHER 2026 218,922 1 MILE 3 MILES 5 MILES

2021 211,592 55.4% 61.8% 63.4%

2010 197,004

2,856 28,663 97,544 CONTACT US

James DePietro Senior Vice President + 1 952 924 4614 [email protected]

Brian Pankratz First Vice President +1 952 924 4665 [email protected]

2021 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. (ver_V1 - 8.13.21)