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Downtown Wayzata

Location
Wayzata, MN, USA
East of Engel St. and West of Walker Ave.
Estimated Gross Rent
$50-$75.00 PSF
Most Desirable Block(s)
600-800 Lake St.
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Location
Wayzata, MN, USA
East of Engel St. and West of Walker Ave.
Estimated Gross Rent
$50-$75.00 PSF
Most Desirable Block(s)
600-800 Lake St.

Description

Lakeside Charm with Upscale Appeal Just 15 minutes from the City of Lakes, this enclave offers a quaint retail experience on the shores of Lake Minnetonka. Known for its picturesque setting and boutique charm, Wayzata attracts a selective crowd seeking high-end shopping, delightful restaurants and a leisurely lakeside atmosphere. The area’s inviting streets, featuring a mix of major national brands, local boutiques and sophisticated home furnishing stores, create a picturesque and highly cultivated environment where brands can be part of a quintessential lakeside day out. The Downtown Wayzata Experience Downtown Wayzata captures the essence of small-town charm blended with modern amenities, creating an ideal setting for shopping and dining. Wayzata’s distinct appeal lies in its retail mix that reflects a bit of everything, with a deep sensitivity to local tastes. Major brands such as Evereve, Chico’s, Talbots, Anthropologie and J. McLaughlin highlight the area’s sophisticated retail offerings, catering to an affluent demographic that values quality and personal service. The retail landscape of the zip code is both curated and dynamic. Together, these brands create a harmonious mix that encourages customers to browse, shop, and linger.

Lakeside Charm with Upscale Appeal

Just 15 minutes from the City of Lakes, this enclave offers a quaint retail experience on the shores of Lake Minnetonka. Known for its picturesque setting and boutique charm, Wayzata attracts a selective crowd seeking high-end shopping, delightful restaurants and

...Read more

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street Details

Annual foot traffic

500,000 people/year

Daily vehicle traffic

15,000 vehicles/day

Population

25,000 people within

Day time population

35,000 people within

Household income (median)

$75,000.00 annually

Age (average)

> 35 years old within

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Available Spaces

Sample Space 1

1000 SF

Suitable for retail, restaurant, office

Sample Space 2

1500 SF

Suitable for retail, restaurant, office

Sample Space 3

2000 SF

Suitable for retail, restaurant, office

News & Alerts
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Local expert Robin Sande reports that Downtown Wayzata continues to perform well, with limited space availability and consistently strong demand especially for restaurant-driven locations.

A recent addition to the street is Eloise, a new family-owned restaurant with a well-received menu and cocktail program. Coming soon is 641 Lake Street, a new-build under residential and office use, offering 1,800 SF at $45 PSF NNN + $23 PSF.

The market remains tight, and as restaurants continue to drive foot traffic, soft goods retailers are watching closely for any lease openings.

Rents are holding steady, with little fluctuation expected in the near term.

Explore more: https://www.brandmarch.com/street/downtown-wayzata

2 months ago
Toastique Brings Gourmet Toast and Juice Bar to Wayzata

Toastique Brings Gourmet Toast and Juice Bar to Wayzata

11 months ago

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Local Experts
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Brokers Active on Downtown Wayzata

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Anthropologie
Anthropologie
803 Lake Street
Chico's
Chico's
701 Lake Street
Crisp and Green
Crisp and Green
755 Lake Street E
Evereve
Evereve
687 Lake Street
Face Foundrié
Face Foundrié
643 Lake Street E
Gunderson's Jewelers
Gunderson's Jewelers
300 Superior Boulevard
J. Mclaughlin
J. Mclaughlin
743 Lake Street E
Near + North
Near + North
726 Lake Street E

Local Expert Analysis

Retail Leasing and Market Dynamics In Downtown Wayzata, retail spaces command rents between $50 and $75 per square foot, attracting a range of high-end and lifestyle brands to this lakeside destination. With a vacancy rate under 5%, the area boasts one of the most stable retail markets in the Minneapolis-St. Paul metropolitan area, underlining its desirability among retailers. While Downtown Wayzata may not be the first choice for flagship locations or initial market entries, its high occupancy and sought-after setting have made it a top choice for brands that prioritize scenic charm and a high-income customer base. The recent remodeling of Evereve underscores the area’s appeal to established retailers, even as some brands like Lululemon have left. Customer Demographics and Foot Traffic Wayzata’s customer base is primarily high-income families and individuals, with foot traffic patterns reflecting the area’s popularity as a weekend and evening destination. Weekday foot traffic remains low, as residents and visitors typically stop by after work or on weekends. Foot traffic surges on summer weekends, as families and professionals from across the Twin Cities head to Wayzata. Seasonal events, such as local music festivals and annual “Christmas with Santa” celebrations, draw larger crowds. Leasing Activity and Market Evolution Leasing activity in Downtown Wayzata is consistent, with national and local brands alike showing ongoing interest in this upscale lakeside market. With a stable lineup of tenants and only occasional shifts in occupancy, the area offers an ideal environment for retailers targeting an affluent demographic that appreciates quality and a community-oriented shopping experience. Conclusion Lakeside ambiance with great shopping — Its blend of boutique charm, major national brands, and local appeal. Wayzata offers an opportunity to connect with shrewd shoppers in an electric yet relaxed environment.

Retail Leasing and Market Dynamics

In Downtown Wayzata, retail spaces command rents between $50 and $75 per square foot, attracting a range of high-end and lifestyle brands to this lakeside destination. With a vacancy rate under 5%, the area boasts one of the most stable retail markets in the Minneapolis-St. Paul metropolitan area, underlining its desirability among retailers. While Downtown Wayzata may not be the first choice for flagship locations or initial market entries, its high occupancy and sought-after setting have made it a top choice for brands that prioritize scenic charm and a high-income customer base. The recent remodeling of Evereve underscores the area’s appeal to establish

...Read more

New Developments

As Downtown Wayzata continues to attract interest from both local and national brands, its steady leasing activity and low vacancy rates indicate a stable and attractive market. The area’s lakeside setting and community-driven appeal are expected to support ongoing demand for retail spaces, reinforcing Wayzata’s status as one of the most desirable high streets in the region.