1 River Bend Pl Chaska, MN 55318

Located on the Minnesota River in downtown Chaska, MN, 1 River Bend Place is a riverfront hospitality asset with significant redevelopment potential. The property is situated on one of the most visible sites in the southwest Twin Cities metro, offering walkability to Firemen’s Park, the Chaska Curling Center, regional trail systems, and downtown restaurants and retail. The site is located within Chaska’s active riverfront revitalization corridor and benefits from ongoing infrastructure investment and strong demographic growth. A new, directly connected on-site restaurant tenant operates under a lease with annual rent escalations and has become a local favorite, providing a key lifestyle amenity for hotel guests while benefiting from demand generated by the approximately 82 on-site hotel rooms. The on-site pool has not been serviced or operated since the COVID period and is currently inactive. While currently operating as a hotel, the highest and best use is redevelopment. The City of Chaska has expressed support for a new long-term vision for the site, positioning it as a catalyst redevelopment opportunity. Investors can pursue either a hospitality repositioning strategy or a multifamily / mixed-use redevelopment, capitalizing on the site’s riverfront frontage, downtown connectivity, and strong municipal alignment. The property size is 72578 square feet.