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    232 1St Ave E Shakopee, MN 55379

    Under Contract
    For Sale
    $400,000

    Commercial - Shakopee, MN

    Lot size:
    0.09 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 232 1St Ave E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Business/Commercial
    APN
    270011830
    Parking features
    Parking Lot
    Exterior features
    Wood
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1985
    Architectural style
    Other

    EXP REALTY (612) 751-9303 [email protected]

    Listing agent Bonnie H. Nguyen (612) 751-9303

    Listing date Oct 8, 2025

    MLS# 6714322 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space in Shakopee

    Located in the Historic Shakopee Downtown District, this retail space presents an opportunity for business growth. The space, previously a smoked meats outlet, includes floor drains and plumbing, accommodating various business types, including food and beverage, boutique retail, or specialty services. Situated in downtown Shakopee, the property benefits from pedestrian traffic and local events. A new amphitheater is planned for Shakopee, which is expected to increase visitor traffic year-round. The property is located at 232 1st Avenue E, Shakopee, MN 55379, in Scott County. The lot size is 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shakopee
    County
    Scott
    State
    Minnesota
    Longitude
    -93.524243
    Latitude
    44.798621

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    FAQs

    What type of property is this?
    Retail space - Retail space in the heart of Shakopee's Historic Downtown District.
    Where is this retail space located?
    The property is located at 232 1St Ave E Shakopee, MN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Prime location in the heart of the bustling Historic Shakopee Downtown District, ensuring high visibility and foot traffic.; - Proximity to a brand new amphitheater expected to draw thousands of visitors year-round, providing a consistent influx of potential customers.; - Versatile space suitable for various business types.
    (612) 751-9303
    Request Owner's contact information
    232 1St Ave E Shakopee, MN 55379
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    Shakopee, MN 55379
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 1St Ave E Shakopee, MN 55379
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