FOR SALE Shoreline Drive Orono, MN CHARMING 1,542 SF - RETAIL/PROFESSIONAL BUILDING FACTS & FEATURES

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1 FACTS & FEATURES List Price: $365,000 Property Type: Retail/Office/Commercial Total Lot Acreage: 0.70 Acres Gross Building Area: 1,542 SF Zoning: B-5 Limited Neighborhood Business District Dedicated Off-Street Parking Contract for Deed may be possible MARK HULSEY Managing Broker Mobile Office

2 PROPERTY INFORMATION PROPERTY TYPE: Retail/Office/Commercial LIST PRICE: $365,000 GROSS BUILDING AREA: 1,542 SF FOUNDATION SQUARE FOOTAGE: 1,074 SF TOTAL LOT ACREAGE: 0.70 Acres PID/LEGAL DESCRIPTION: Unplatted S 233 Ft Of E 150 Ft Of Govt Lot 8 & That Part Of Lot 1 Blk 9 Townsite Of Langdon Pk Lying W Of A Line Drawn N At Rt Angles To S Line Of Sec 17 T 117 R 23 From A Pt On Said S Line YEAR BUILT: 1956 COUNTY: Hennepin 2017 TAXES: $8, TRAFFIC COUNT: 18,400 VPD on Shoreline Drive ZONING: B-5, Limited Neighborhood Business District FEATURES Charming Retail/Professional office property, 1,542 SF with high traffic visibility on Shoreline Drive located in Navarre/Orono, right by Lake Minnetonka. Zoned B5. Perfect property for new boutique or could keep as a professional medical office with large, visible monument signage for advertising. Great off-street parking available. Hardwood floors, 3-season porch, and tongue & groove ceilings add unique character. TOUR TIMES: Limited to lunch hour or Thursdays ONLY. All prospective groups interested in touring property must sign HIPAA document beforehand. REALIST: Tax Parcel Outline PARKING SPACES: 10 with tuckunder attached garage ROOF: Redone in 2006 with 30 year shingles

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9 ZONING: Orono B-5, Limited Neighborhood Business District For more information on zoning and uses please go to: codes/code_of_ordinances nodeid=titvilaus_ch78zore_artivdire_ DIV16LINEBUDI_S78-762SIPLRE B-5 LIMITED NEIGHBORHOOD BUSINESS DISTRICT The B-5 limited neighborhood business district is intended to provide a district for businesses that supply commodities or perform a service primarily for residents in the surrounding neighborhood, which businesses are not high traffic generators and do not necessitate an inordinate amount of hard cover. The district may adjoin residential districts or other business districts which are subject to more restrictive controls. The district shall have immediate access to adequate highways and public sanitary sewer. Because of the location of the B-5 district as contemplated in the area known as Navarre in the city, the uses are limited in order to limit the hard cover in that area and to limit the future generation of traffic for that property in that use district, since there is already a traffic problem in Navarre.

10 City of Orono Orono township was created in 1889 and incorporated in Orono is located approximately 15 miles west of downtown Minneapolis on the north shore of Lake Minnetonka. The total area of the city is 24 square miles; land area 16 square miles, with 8 square miles of lakes. Orono's population is 7,437 based on the 2010 Census. The name, Orono, adopted from the township and village of the same name in Maine, was suggested by citizens who had come to Minnesota from that state. Orono's corporate history dates to 1858 when Minnesota became a state, and western Hennepin County was surveyed and divided into townships. All of Orono south of Watertown Road was located in Excelsior Township, with the area north of Watertown Road being located in Medina Township. But the citizens of Orono, few as they were, found the going difficult in having to negotiate the lake in order to transact business in far away Excelsior. So, in 1868, the townships were realigned with everything north of the Narrows becoming part of Medina. Orono Township once included areas now part of neighboring cities. Minnetonka Beach was incorporated out of Medina Township in Long Lake was incorporated from Orono Township in Long Lake expanded, Wayzata grew westward, and then Spring Park was incorporated in Finally, effective January 1, 1955, Orono Village was incorporated encompassing all the remaining parts of the township including the settlements of Navarre, Crystal Bay, Orono and Bederwood (Stubbs Bay). A number of minor boundary changes have occurred since then, including detachment of the tip of Three Points Peninsula to Mound in 1963; annexation of a small strip from Minnetrista in 1980 for McCulley Road; detachment of the Fleming Trail Addition to Long Lake in 1993; and annexation of property along North Ferndale and West Ferndale Roads from Wayzata in 1994 in exchange for detachment of a property along Highway 12 to accommodate Wayzata's public works facilities.

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13 TRAFFIC: 18,400 VPD on Shoreline Drive

14 OFFERED EXCLUSIVELY BY MARK HULSEY Managing Broker mobile office HAYDEN HULSEY Commercial Broker mobile office No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by RE/MAX Results - Commercial Group.