Minnetonka, Minnesota
Hennepin County's assessment roll for Minnetonka, 20,981 parcel records with owner, value and last sale price, is free through the Metropolitan Council's public-domain regional parcel file, so the owners behind Ridgedale Center, the Cargill campus and the former UnitedHealth Group headquarters can be read directly.
9 buildings · 9 with an owner established · 14 sources · 5 tier B · 4 tier A · prepared 2026-11-04
Minnesota records land at the county under two systems, abstract and Torrens (registered title); Hennepin County's Recorder is also its Registrar of Titles. The owner, taxpayer, estimated market value and last sale price of every Minnetonka parcel are free: Hennepin's roll is republished each quarter in the Metropolitan Council's regional parcel file, which states it is public domain under the state Data Practices Act. Any sale over $3,000 must be filed with a certificate of value stating the full price. Reading the recorded deeds themselves costs $2.50 a document through a RecordEASE Pro subscription.
- RecordEASE (Hennepin County Recorder and Registrar of Titles online documents) — “Multiple parcel data downloads, screen scraping programs or other computer extraction techniques are strictly prohibited. We reserve the right to deny access to any individual or party determined to be misusing the site.”
The marquee buildings
The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.
| Building | Use | Owner | Owner type | Last price paid |
|---|---|---|---|---|
| Ridgedale Center 12401 Ridgedale Dr / 12401 Wayzata Blvd 1,105,337 sq ft (Wikipedia) · 2 floors |
Retail | Ridgedale Center LLC (GGP / Brookfield Properties with CBRE) GGP 51%, CBRE Group 49% (Wikipedia) Roll: RIDGEDALE CENTER LLC owns the 18.27-acre mall parcel at 12401 Ridgedale Dr, Minnetonka's most valuable at $89.70M (land $19.13M), built 1973, tax $2.81M, no sale on record; with 3 more parcels it holds $94.6M. RIDGEDALE ANCHOR ACQUISITION holds 12401 and 12415 Wayzata Blvd ($22.57M, built 2014 and 2017) and RIDGEDALE TRS SUB LLC 12431 Wayzata Blvd ($9.92M, 12.0 acres); all three are taxed c/o Brookfield Properties Retail. Separately owned anchors: MACY'S MALL REAL ESTATE LLC ($10.12M, 15.33 acres) and NORDSTROM INC ($8.60M, 2.49 acres, deed Aug 2014 for $10). Wikipedia gives the GGP 51% / CBRE 49% split; the roll does not. (s9) |
Public company | —B |
| Cargill headquarters campus 15407 McGinty Rd W |
Office | Cargill, Incorporated Cargill family 88% of the company (Wikipedia) Roll: CARGILL INCORPORATED owns the 39.17-acre main parcel at 15407 McGinty Rd ($34.0M, land $9.02M, built 1975, tax $1.06M) and 14 other parcels, about 194 acres and $48.6M in all, including 15615 McGinty Rd ($4.21M, 16.1 acres) and vacant residential land of 26.1 and 22.5 acres. Several parcels carry the same March 2020 sale for $74.825M. Wikipedia says Cargill is headquartered in Minnetonka and that the Lake Office, the former mansion on the main campus, was demolished by Cargill in 2020. (s10) |
Family / private | $74,825,000 2020-03 Sale price and date on the roll, recorded against the campus parcels; the seller and the reason are not stated in any document opened. B |
| Former UnitedHealth Group headquarters 9900 Bren Rd E |
Office | LCN UHS Minnetonka (MN) LLC Roll: LCN UHS MINNETONKA (MN) LLC owns the 11.66-acre parcel ($16.68M, land $6.10M, built 1981, tax $525K); the taxpayer is UNITED HEALTHCARE SERVICES at 9900 Bren Road E, i.e. the tenant pays the tax. Wikipedia says UnitedHealth Group announced in 2023 that it would move its headquarters from Minnetonka to Eden Prairie. The parent of the LCN-named LLC is not identified in any document opened. The roll's current value is about a fifth of the 2014 price. (s11) |
Private company | $78,750,000 2014-12 Last sale on the roll; the seller is not shown. B |
| UnitedHealthcare campus, Health Care Lane 9700 and 9800 Health Care Ln |
Office | Healthcare LA Propco DST Roll: HEALTHCARE LA PROPCO DST (a Delaware statutory trust by its name) owns 9800 Health Care Ln ($34.18M, 6.78 acres, built 2007) and 9700 Health Care Ln ($33.01M, 3.82 acres, built 2011), together $67.19M, taxes $2.11M; taxpayer UNITED HEALTHCARE SRV INC. UnitedHealthcare entities also own nearby buildings outright, e.g. 9705 Data Park Dr ($10.49M, bought Apr 2020 for $12.5M) and two vacant Smetana Dr lots bought Oct 2018 for $5.6M. The DST's sponsor is not named in any document opened. |
Private company | $146,000,000 2013-05 Sale on the roll against both parcels; the seller is not shown. A |
| Carlson headquarters, Carlson Center 701 Carlson Pkwy |
Office | WHQ LLC Roll: WHQ LLC owns the 7.76-acre parcel ($44.25M, land $3.42M, built 1988, tax $1.38M), no sale on record. Wikipedia's Minnetonka article cites Carlson's contact page giving its address as 701 Carlson Parkway, and says Carlson, a family-owned private company, is headquartered in Minnetonka. Whether WHQ LLC belongs to Carlson is not stated in any document opened, so the owner is the roll's entity only. (s12, s13) |
Private company | —B |
| 601 Carlson Parkway 601 Carlson Pkwy |
Office | AX 601 Tower LP Roll: AX 601 TOWER LP owns the 7.76-acre parcel ($43.84M, land $6.09M, built 1988, tax $1.37M), taxpayer address 360 Main St #300, Winnipeg, Manitoba. The roll's value is 58% of the 2014 price. A link to Artis REIT, whose properties use the 'AX' prefix, could not be checked: artisreit.com disallows ClaudeBot in robots.txt, so ownerType is left 'private'. |
Private company | $75,000,000 2014-06 Last sale on the roll. A |
| Minnetonka Civic Center (City Hall) 14600 Minnetonka Blvd |
Civic | City of Minnetonka Roll: owner CITY OF MTKA, taxpayer CITY OF MINNETONKA, 14600 Minnetonka Blvd, 10.89 acres, built 1969, tax-exempt and carried at $0 market value. The roll's taxpayer address for the City's parcels is this address. The building's name is not stated on the roll. |
Government | —A |
| Ridgedale Library (Hennepin County Library headquarters) 12601 Ridgedale Dr |
Civic | Hennepin County Roll: HENNEPIN COUNTY owns 12601 Ridgedale Dr, 10.58 acres, built 1980, tax-exempt, $0 market value. Wikipedia says the Hennepin County Library has its headquarters in the Ridgedale Library in Minnetonka; the library's street address comes from neither source, so the match of library to parcel is by location beside Ridgedale Center (tier B). (s12) |
Government | —B |
| Shady Oak Apartments 11050 Red Circle Dr |
Residential | Shady Oak Apartments LLC Roll: SHADY OAK APARTMENTS LLC owns the 4.89-acre parcel, built 2022, $86.39M (land $7.0M), tax $1.36M: the most valuable apartment building in Minnetonka and second only to Ridgedale Center among all parcels. No sale on record. Nearby, new apartments at 10950 Red Circle Dr (MINNETONKA VENTURE ONE LLC, $53.96M, 2022) and 10400 Bren Rd (VREC III LSI MTK STATION SPE, $60.49M, 2022). The developer is not named on the roll. |
Private company | —A |
The core land
The most valuable ground in the city, and what the public record says about it.
Minnetonka's most valuable ground is Ridgedale Center beside I-394, but the city's wealth is in houses: single-family homes, lake-shore homes, townhouses and condos are $9.85 billion of a $13.74 billion roll. Figures from the Hennepin layer of the Metropolitan Council's current-quarter parcel points (extract 19 Oct 2026), summed by this research; exempt parcels are carried at $0.
Who owns the town
At this scale the significant owner is rarely a trust or a fund: it is one or two local holding companies, a family in its second or third generation, and often the land around the town rather than the buildings in it.
Minnetonka is a built-out suburb of lakes, wetland and park, so its largest landholders are public: the City alone holds about 2,210 acres, roughly ten times anyone else. The largest private holding by land is Cargill's headquarters campus (about 194 acres). Figures are from the Hennepin layer of the Metropolitan Council's current-quarter parcel points (20,981 Minnetonka records, extract 19 Oct 2026, read 4 Nov 2026), grouping every spelling of an owner's name; acres are parcel-polygon acres, de-duplicated where several records share one polygon. Exempt parcels carry $0 market value in this file. No farmland remains: one farm homestead record.
| Name | Type | Parcels, acres |
|---|---|---|
| City of Minnetonka Six spellings: CITY OF MINNETONKA (513), VIL OF MINNETONKA (47), VIL OF MTKA (32), CITY OF MTKA (19), VILLAGE OF MINNETONKA (10), VILLAGE OF MTKA (7). Largest: 155.5 acres at 5624 Shady Oak Rd, 138.9 acres at 17315 Excelsior Blvd, and two unaddressed parcels of 103.1 and 102.5 acres; includes the Civic Center at 14600 Minnetonka Blvd (10.89 acres). No Minnetonka EDA or HRA appears as an owner on the roll. |
Government | 628 parcels, about 2,210 acresA |
| Hennepin County (incl. Hennepin County Regional Railroad Authority) COUNTY OF HENNEPIN / HENNEPIN COUNTY: largest 145.1 acres at 14300 County Road 62 (built 1947) and 63.8 acres at 14350 County Road 62 (1997), and the Ridgedale Library site (10.58 acres). The roll does not name the use of the County Rd 62 campus. HENNEPIN CO REGIONAL RR AUTH holds 24 corridor parcels. Separately, 80 parcels (about 48 acres) are recorded as HENNEPIN FORFEITED LAND, tax-forfeited land with the City as taxpayer. |
Government | County 39 parcels, about 256 acres; HCRRA 24 parcels, about 92 acresA |
| Minnetonka Public Schools (Independent School District No. 276) Eight spellings (IND SCHOOL DISTRICT NO 276, INDEPENDENT SCHOOL DIST #276, SCHOOL DIST NO 276 and others), taxpayer ISD NO 276 MINNETONKA. Largest: 98.1 and 38.6 acres at 18301 Highway 7. |
Government | 19 parcels, about 277 acresA |
| Cargill, Incorporated The largest private landholder by area: the McGinty Rd headquarters campus (39.17-acre main parcel, $34.0M) plus vacant residential land of 26.1 and 22.5 acres and 20.3 acres at 15421 McGinty Rd. See marquee. |
Family / private | 15 parcels, about 194 acres, $48.6MA |
| Hopkins Public Schools (Independent School District No. 270) Seven spellings (SCHOOL DISTRICT NO 270, IND SCH DIST NO 270 and others). Largest 57.2 acres at 10700 Cedar Lake Rd, 20.4 acres at 2400 Royals Dr, 13.9 acres at 4801 Woodridge Rd, 12.9 acres at 14900 Gatewood Dr. Eastern Minnetonka lies in the Hopkins district. |
Government | 12 parcels, about 137 acresA |
| Metropolitan Council All coded vacant commercial land and unaddressed, largest 13.8 and 10.5 acres. The purpose (for example a transit line) is not stated on the roll. |
Government | 26 parcels, about 54 acresA |
| Railroads: Great Northern / Burlington Northern (BNSF) and Twin Cities & Western Owner names are the historic G N RY CO, G N RR CO, GT NORTHERN RY CO and BURLINGTON NORTHERN INC, with taxpayer B N & SANTA FE RR CO; one parcel TWIN CITIES & WESTERN RR CO. ownerType reflects BNSF's ownership by Berkshire Hathaway, which is not stated on the roll. |
Public company | 13 railroad-class parcels, about 59 acres, $8.65MB |
| State of Minnesota (MnDOT, DNR) STATE OF MINNESOTA / STATE OF MINN, taxpayers incl. MN DEPT OF TRANSPORTATION and DNR REAL ESTATE MGMT; largest 4.43 acres at 17232 County Road 101. Highway right-of-way is generally not a tax parcel, so this understates state land. No federal parcel was found. |
Government | 6 parcels, about 5 acresA |
| Northern States Power Co (Xcel Energy) and Minnehaha Creek Watershed District NSP's taxpayer is 'NSP - PROPERTY TAX DEPT'. The watershed district holds 15320 Minnetonka Blvd. Neither is a significant landholder here. |
Public company | NSP 6 parcels, 0.6 acres; MCWD 1 parcel, 1.1 acresA |
Who builds the houses
New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.
Minnetonka adds 27 to 42 new single-family houses a year, nearly all teardown-rebuilds or infill lots by small custom builders, and its new housing at scale comes as apartment buildings near Ridgedale, Carlson Pkwy and the Opus/Bren Rd area. Census permits: 1-unit 36 (2021), 42 (2022), 27 (2023), 33 (2024), 38 (2025); 5+ units 186 units (2021), 350 (2022), none (2023), 578 in 3 buildings (2024), none (2025, when 24 units in 3-4 unit buildings were permitted). Roll: 31 houses built 2024, 15 in 2025. No city builder league table exists; listed are company owners of new or vacant house lots and developers named on new apartment parcels. (Permits: s14.)
| Name | Type | Holding on the roll |
|---|---|---|
| United Properties See commercial. The largest active apartment developer named on the roll's c/o line. |
Private company | Amira apartments 2016 and 2021 ($75.5M); 2.32-acre lot bought Dec 2024A |
| Trammell Crow (CRP/TCC AA II Ridgedale LLC) 12610 Ridgedale Dr, 2.38 acres, taxpayer TRAMMELL CROW CHICAGO DVLPT; the highest land value per acre on the roll among large commercial and apartment parcels ($1.84M an acre). |
Private company | 1 apartment building, 2019, $41.75MA |
| Lake West Development LLC / Lakewest Development Co LLC The most active company owner of residential lots in the parcel layer (two name spellings). |
Private company | 4 vacant residential lots, 1 new houseA |
| Norton Homes LLC Roll owner name as shown. |
Private company | 2 vacant residential lotsA |
| Wooddale Builders Inc Roll owner name as shown. |
Private company | 2 vacant residential lotsA |
| Twin Cities Habitat for Humanity Roll: TC HABITAT FOR HUMANITY, Elm Ln and Inverness Rd lots plus a 2.18-acre unaddressed parcel; carried at $0. |
Institution | 11 parcels, about 2.5 acresA |
Commercial landlords
The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.
Minnetonka's commercial ground runs along I-394 (Ridgedale Center and the Carlson Center office towers) and through the Opus/Bren Rd business park, where UnitedHealth's buildings stand beside new apartments. Apartments and offices are each worth about $1.5 billion on the roll. Owners are single-purpose LLCs; groupings below are by owner name and taxpayer on the current parcel layer, and a parent is named only where the roll's own c/o line or a cited source names it.
| Name | Type | Minnetonka holding (current parcel layer) |
|---|---|---|
| Brookfield Properties Retail (Ridgedale Center LLC, Ridgedale Anchor Acquisition, Ridgedale TRS Sub LLC) Every parcel is taxed c/o Brookfield Properties Retail. Wikipedia gives the mall's ownership as GGP (Brookfield) 51% and CBRE Group 49%. See marquee. (s9) |
Public company | 8 parcels, $127.1MB |
| Minnetonka Leased Housing Associates II and III LLLPs 10987 Bren Rd (built 2018, $54.33M) and 11001 Bren Rd (2019, $63.19M), classed 'Housing - Low Income > 3 Units', taxpayer address 2905 Northwest Blvd, Plymouth. The sponsor is not named on the roll. |
Private company | 2 low-income apartment buildings, $117.5MA |
| Greystar (GEP XI Minnetonka LLC) 12000 and 12100 Marion Ln (built 1985-86, 27.5 acres), taxed c/o Greystar; both carry a $126.0M sale dated Apr 2022. |
Private equity | 2 apartment complexes, $91.96MA |
| UnitedHealth-related holdings (LCN UHS Minnetonka (MN) LLC, Healthcare LA Propco DST, United HealthCare Services Inc) The two main campuses are owned by investors and taxed to UnitedHealthcare (sales of $78.75M in Dec 2014 and $146.0M in May 2013); UnitedHealthcare owns smaller buildings and lots on Data Park Dr, Blue Circle Dr, Bren Rd and Smetana Dr outright. See marquee. |
Private company | Investor-owned $83.9M (3 parcels); UnitedHealthcare-owned 6 parcels, $21.8MA |
| United Properties (Amira Minnetonka LLC, Amira Choice Minnetonka LLC, Amira Villas Minnetonka LLC) 801 Carlson Pkwy (built 2021, $54.88M, taxpayer UNITED PROPERTIES DEV LLC), 2004 Plymouth Rd (2016, $20.63M, c/o United Properties) and 901 Carlson Pkwy (2.32 acres, bought Dec 2024 for $2.90M, coded 2025). Senior apartments by the Amira name; the use is not stated on the roll. |
Private company | 3 parcels, $77.0MA |
| Medica Health Plans 301 Carlson Pkwy ($23.65M, bought Dec 2012 for $44.5M) and 401 Carlson Pkwy ($22.45M, bought Aug 2012 for $42.0M), plus 17.2 acres at 14440 Cheshire Pkwy. An owner-occupier of offices it bought in 2012; the roll does not say they are its headquarters. |
Institution | 3 parcels, $46.2M, about 38 acresA |
| Single-family rental holders: Home Partners of America (HPA Borrower LLCs) and Invitation Homes (IH2-IH5 Property LPs) Single-family rental is thin in Minnetonka. HPA BORROWER 2016 2, 2017 1, 2018-1 MS and HPA II BORROWER 2020-1/2020-2 LLCs (14 houses, 1 townhouse, 1 condo garage unit); IH2 PROPERTY ILLINOIS LP (7), IH3 PROPERTY MINNESOTA LP (4), IH4, IH5 and IH2 Property Borrower (1 each). The links to Home Partners of America and Invitation Homes are by entity name only; ownerType 'reit' fits Invitation Homes, not necessarily HPA. Also CAPGROW HLDGS JV SUB VII (1) and AMH EXCELSIOR BLVD LLC (1, name only). |
REIT | HPA 16 parcels, $7.73M; Invitation Homes 14 houses, $6.07MB |
Looked for and not found
Claims this page would have made if a source could be opened. They are left out rather than guessed.
- That AX 601 Tower LP (601 Carlson Pkwy; taxpayer address 360 Main St, Winnipeg) is an Artis REIT entity: artisreit.com disallows ClaudeBot, and no SEC filing exists for a Canadian REIT of this kind.
- That WHQ LLC (701 Carlson Pkwy) is a Carlson entity: the address is Carlson's headquarters per Wikipedia, but no document names the LLC's parent.
- Who sponsors Healthcare LA Propco DST and LCN UHS Minnetonka (MN) LLC, and on what lease terms UnitedHealthcare occupies their buildings: no filing was opened (UnitedHealth's 10-K property item was not read).
- The use of Hennepin County's 209 acres at 14300-14350 County Road 62: not stated on the roll; not checked on a county page.
- That WELLS OPERATING PTRSHP LP (10900 Wayzata Blvd, $37.58M, bought Dec 2000 for $52.8M, taxpayer 'Wells Real Estate Funds') and PROPERTY RESERVE INC (11100 Wayzata Blvd, $33.98M, bought Nov 2000 for $43.3M) are still the current beneficial owners: the roll may carry legacy names; neither was checked in a filing.
- The developer behind Shady Oak Apartments LLC, Minnetonka Venture One LLC and VREC III LSI MTK Station SPE (the 2022 Opus-area apartments): not named on the roll.
Sources
- Parcel_Points FeatureServer, layer 3 'Hennepin County Parcel Points' (current quarter): 20,981 Minnetonka records (CTU_NAME = Minnetonka) with OWNER_NAME, TAX_NAME, EMV_LAND/BLDG/TOTAL, USECLASS1, YEAR_BUILT, ACRES_POLY, SALE_DATE, SALE_VALUE, TOTAL_TAX; extract date 19 Oct 2026; full Minnetonka attribute read 4 Nov 2026 — Metropolitan Council (MetroGIS), compiled from Hennepin County · openA
- Metropolitan 7-County Parcel Points - 2025, item description and licence: 'all 7 metro counties that have made their parcel data freely available without a license or fees'; 'None. This dataset is public domain under the Minnesota Government Data Practices Act' — Metropolitan Council via ArcGIS Online · openA
- Land title records access: RecordEASE Pro $2.50 per document, certificate of title or plat, 'no monthly subscription or search fees'; ordered copies $10 (document or certificate), $15 (plat), $3 service fee; ban on bulk downloads and screen scraping — Hennepin County · openA
- Record land title documents: recording fees ('Abstract or Torrens Memorial $46 per document') — Hennepin County · openA
- Property information search: 'This is public information as mandated by the State of Minnesota Data Practices Act' — Hennepin County · openA
- Minn. Stat. 272.115, Certificate of value: filing required whenever real estate 'is sold for a consideration in excess of $3,000'; value is 'the amount of the full actual consideration' — Minnesota Office of the Revisor of Statutes · openA
- Minn. Stat. 287.21, Imposition of deed tax: '.0033 of the net consideration' over $3,000 — Minnesota Office of the Revisor of Statutes · openA
- Minn. Stat. 383B.80, Hennepin County deed and mortgage tax: 'The rate of the deed tax equals .0001 of the amount' — Minnesota Office of the Revisor of Statutes · openA
- Ridgedale Center: 'jointly owned by and CBRE Group and GGP, a subsidiary of Brookfield Properties, which also manages the mall'; infobox owner GGP (51%), CBRE Group (49%); address 12401 Wayzata Boulevard; opened 1974; 1,105,337 sq ft; anchors JCPenney, Nordstrom, Macy's and Dick's House of Sport — Wikipedia · openA
- Cargill: 'Headquartered in Minnetonka, Minnesota'; owner Cargill family (88%); 'The Cargill Lake Office, occupying the former Rufus Rand mansion on the main corporate campus in Minnetonka ... the historic mansion was demolished by Cargill in 2020' — Wikipedia · openA
- UnitedHealth Group: 'In 2023, UnitedHealthGroup announced it would move its headquarters from Minnetonka to Eden Prairie, Minnesota' (citing Star Tribune, 18 Sep 2023); headquarters now Eden Prairie — Wikipedia · openA
- Minnetonka, Minnesota: 'The headquarters of Carlson is in Minnetonka' (reference: Carlson contact page, '701 Carlson Parkway Minnetonka, MN 55305'); 'The Hennepin County Library has its headquarters in the Ridgedale Library in Minnetonka' — Wikipedia · openA
- Carlson: 'an American privately held company headquartered in Minnetonka, Minnesota ... Its primary subsidiary is Carlson Private Capital Partners, a family office' — Wikipedia · openA
- Building Permits Survey, annual place files mw2021a-mw2025a.txt (Minnetonka, MN, place code 43252): new privately owned units authorised by building size — U.S. Census Bureau · openA