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BETTENDORF ROHRER KNOCHE WALL, INC. <br /> Orono Profile - Continued <br /> Single FamilyHousing <br /> Orono and the neighboring Lake Minnetonka communities are primarily residential in character <br /> with housing values among the highest in the Twin Cities. Per the Minnesota Multiple Listing <br /> Services, single family housing sales in the Lake Minnetonka area including Orono are reported <br /> as follows: <br /> Year Units Sold Median Selling Price <br /> 1994 780 $165,000 <br /> 1995 745 $162,500 <br /> The above figures pertain to the market area which includes Orono, Deephaven, Excelsior, <br /> Greenwood, Long Lake, Minnetonka Beach, Minnetrista, Mound, Shorewood, Spring Park, <br /> ' Tonka Bay, Wayzata, Victoria and St. Bonifacius. <br /> The more established housing in Orono is typically found in the southern part of the city near <br /> lake Minnetonka. Minimum lot sizes range from 1/2 to one acre in the southern portions of the <br /> community where public sanitary sewer is available. Most of Orono is zoned for single family <br /> ' development at 2-5 acre minimum lot size without public sanitary sewer. Upper scale housing <br /> on estate-type lots is common in areas with 2-5 acre lot requirements. <br /> Commercial/Industrial <br /> ' The areas zoned for commercial/industrial use are very limited in Orono. A few areas along the <br /> Lake Minnetonka lakeshore are spot zoned for retail and commercial. A small tract near Long <br /> Lake in the north central part of Orono is designated industrial. For the most part, adjacent <br /> communities such as Long Lake provide the bulk of commercial/industrial services. <br /> ' Access <br /> The primary access route to Orono from Minneapolis is by Interstate 394 which becomes US <br /> Highway 12 as it goes from Plymouth into Long Lake and then Orono. <br /> 21 <br />