2434 Commerce Boulevard, Mound, MN 55364 (MLS# 7064657)

2434 Commerce Boulevard, Mound, MN 55364

$829,900
Property Type: Commercial Square Footage: 4,833 Lot Size (sq. ft.): 60,548 Status: Active
Current Price: $829,900 List Date: 5/04/2026 Last Modified: 6/26/2026

Overview

Description

Exceptional opportunity to acquire a well-maintained multi-tenant commercial building in the heart of Mound. This 12-unit office property offers strong in-place income with no current vacancies, making it an ideal investment for both seasoned investors and owner-operators. The property features approximately 4,800+ finished square feet across multiple levels, with a flexible layout that accommodates a variety of professional office uses. Situated on a high-visibility corridor just off Commerce Boulevard, the location provides convenient access for tenants and clients alike, with ample on-site parking and proximity to Lake Minnetonka communities. Additional upside potential exists through future rent optimization and possible leasing of storage areas in the basement.

Listing Details MLS# 7064657

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
17
Owner Occupied
No
Road Btwn WF & Home?
No
Waterfront YN
Yes
Year Built
1985
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
2098
Lake/Waterfront Name
Minnetonka
For Sale or Lease
For Sale
Acres
1.39
Lot Dimensions
Irregular
Assessment Pending
No

Property Features

Accessible: Doors 36"+; No Stairs External Air Conditioning: Central Air Appliances: Dishwasher; Refrigerator Basement: Storage Space CMU Style: Office; Other; Retail/Shopping Center Construction Status: Previously Owned Current Use: Business Service; Office; Other; Professional Service; Storage Facility Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Special Funding On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: All Utilities Parking Characteristics: Parking Lot; Paved Lot Potential Use: Office; Other; Professional; Retail Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected Waterfront Type: Lake Front; Channel Shore

Contract Information

Contingency
None
ListPrice
829900
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
2434
Street Name
Commerce
Street Suffix
Boulevard
Postal City
Mound
County
Hennepin
State
MN
Zip Code
55364
Complex/Dev/Subdivision
Auditors Sub 167

Assessments

Tax With Assessments
16406

Building Information

Building Finished SqFt
4833
Building SqFt
4833

More Information

Income and Expenses

Annual Electric Expense
2400
Annual Fuel Expense
3000
Annual Gross Income
89800
Annual Maintenance Expense
5100
Annual Trash Expense
2400
Annual Water/Sewer Expense
2000

Lake Details

Lake Acres
14205
Lake Depth
113

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
23
Township#
117

Sale Options

Sale Includes
Building, Land, Leases

Unit Details

Total Units
12
IDX
Listing Office: Compass
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Search powered by FBS Products