Shakopee Commercial Building For
230 1st Avenue E, Shakopee, MN 55379
Commercial - Shakopee, MN
Property size:
4,125 SFLot size:
0.10 AcresPrice / SF:
$169/SF- Added:
- Feb 11, 2026
- Days on Market:
- 100
- Last Refresh:
- May 22 at 2:06 am
Property Features for 230 1st Avenue E
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Parking features
- Parking Lot
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 270011840
- Size
- 4,125 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7944
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Roof type
- Flat
- Architectural style
- Other
Listing agent Bonnie H. Nguyen (612) 532-7445
Listing office eXp Realty 4525 White Bear Parkway, White Bear Lake, MN (320) 500-4397
Listing date Feb 11, 2026
MLS# 7020054
Listing URL
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime downtown Shakopee location with high foot and vehicle traffic.
- Approximately 4,125 SF versatile space suitable for retail, office, or mixed‑use.
- 667 SF warehouse space with drive‑in door for storage or light industrial use.
- Seller is open to Contract for Deed financing.
- Welcoming storefront entrance on 1st Avenue and rear access.
- Flexible interior layout to accommodate various business types.
Overview
This commercial building, approximately 4,125 square feet, is located in downtown Shakopee and is available for sale or lease. It features a storefront entrance on 1st Avenue, along with rear access. The property is suited for retail, office, or creative mixed-use concepts. The building includes approximately 667 square feet of warehouse space with a drive-in door, offering flexibility for storage, operations, or light industrial use. Its downtown location benefits from consistent foot and vehicle traffic. The flexible interior layout allows a variety of business types to thrive. The lot size is 0.1 acres. Seller is open to Contract for Deed financing, creating an attractive opportunity for owner-users or investors seeking flexible acquisition terms.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$604.6K
NOI $54,416 @ 9.00% cap · cautious / downside scenario
Moderate
$777.4K
NOI $54,416 @ 7.00% cap · market / base-case scenario
Aggressive
$1.09M
NOI $54,416 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.8k | $16.20 |
| − Vacancy | −$2.8k | −$0.68 |
| EGI | $64.0k | $15.52 |
| − OpEx | −$9.6k | −$2.33 |
| NOI | $54.4k | $13.19 |
4,125 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$777.4K
$680.2K – $906.9K
NOI $54,416 @ 7.0% cap · market cap 7.78%
Second Best
Office B
$731.0K
$639.6K – $852.8K
NOI $51,168 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$984.1K
$861.1K – $1.15M
NOI $68,890 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Shakopee
- County
- Scott
- State
- Minnesota
- Longitude
- -93.5243646
- Latitude
- 44.7985925
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile commercial building in downtown Shakopee, suitable for various uses.
Where is this mixed-use property located?
The property is located at 230 1st Avenue E Shakopee, MN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime downtown Shakopee location with high foot and vehicle traffic.; Approximately 4,125 SF versatile space suitable for retail, office, or mixed‑use.; 667 SF warehouse space with drive‑in door for storage or light industrial use.
