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Minnetonka, MN Insightsas of Oct 2026
Population size
54 K People
Population growth
0.8%
Age distribution
Under 18: 22
18-64: 60
65+: 18 percent
18-64: 60
65+: 18 percent
Household size
2.4 People
Household composition
Families: 65 percent
Non-families: 35 percent percent
Non-families: 35 percent percent
Education level
High school or higher: 98
Bachelor's or higher: 60 percent
Bachelor's or higher: 60 percent
Median household income
119,517 USD/year
Employment rate
68.6 %
Job growth
1.2 %
Dominant industries
Professional services, Healthcare, Retail
Cost of living index
115 index
Retail sales per capita
45,683 USD/year
Disposable income
80,000 USD/year
Spending behavior by category - apparel, dining, electronics
Apparel: 4, Dining: 6, Electronics: 3 percent of income
Existing retail mix
Mixed: Big box, Specialty, Grocery
Number of competitors
150 stores
Market saturation
85 percent
Presence of anchor tenants
Yes: Macy's, Target at Ridgedale
Foot traffic from nearby businesses
Moderate
Rent costs
25 USD/sqm/month
Property values
300 USD/sqm
Zoning laws
Mixed-use allowed in commercial zones
Business permits
Standard city process, 30-60 days
Availability of retail space
5 SQM
Proximity to major roads
Direct access to I-494, Hwy 62
Public transportation access
Limited, bus routes available
Parking availability
Abundant surface lots
Pedestrian traffic
Low to moderate
Vehicle traffic
High on major roads
Public transport accessibility
Moderate, 70 percent coverage percent
Commute times
22 minutes
Work patterns
80 percent drive alone percent
Shopping preferences
Convenience and quality focused
Brand affinity
Mid to high-end brands
Consumer loyalty
High to local favorites
Entertainment and leisure trends
Outdoor activities, dining out
Crime statistics
Low, 1,200 per 100,000 incidents/100,000 people
Shoplifting rates
2.5 percent of sales
Public safety measures
Police patrols, CCTV in malls
Tourist spending
50,000,000 USD/year
Tourist footfall
200,000 visitors/year
Major local events
Lake Minnetonka festivals
Seasonal attractions
Summer boating, winter ice activities
E-commerce penetration
18 %
Click-and-collect adoption
25 %
Local preference for in-store shopping
60 %
Total retail space
500,000 sqm
Retail space per capita
9.3 sqm/person
Projected growth in retail space
2 %
Retail leakage rate
15 %
Sustainable retail demand
High
Major upcoming retail projects
Ridgedale expansion
Grocery market share distribution - Top 3 retailers & market share
Cub Foods: 30, Lunds: 25, Target: 20 percent
Consumer spending patterns
Weekly grocery, monthly apparel
Grocery expenditure trends
Increasing 3 percent/year percent
Luxury retail performance
Strong, 5 percent growth percent
Top mall shopping preferences
Ridgedale Center
Shopping trips to other cities - % of residents
20 percent
Key drivers for mall visits
Entertainment, dining, one-stop shopping
Preferred brand categories - Luxury fashion, Value fashion, etc.
Luxury: 30, Value: 40, Mid-range: 30 percent
Number of existing malls
1 malls
Total retail footfall - annual visits across malls
5,000,000 sqm
Retail market gaps
Experiential retail, health-focused
Trade area population
200,000 people
Retail potential in catchment area
High
Projected retail growth rate
2.5 %
Preferred mall layouts
Open-air lifestyle centers
Public transport access
Bus lines to malls
Walkability score
40 score/100
Road infrastructure & car access
Excellent interstate access
Parking capacity in comparable malls
5,000 spaces
Surrounding land use & future developments
Residential and office, mixed-use planned
Retail Destinations in Minnetonka, MN
Browse 1 retail destination in Minnetonka, MN, United States. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Minnetonka, MN at a Glance
- Total Properties1
- CountryUnited States
