Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1126 Shakopee Town Square Shakopee, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Former Marcus Theatre site available within Shakopee Town Square.

    Type:SPECIALTY
    Property size:
    40,967 SF
    Lot size:
    17.79 Acres
    Price / SF:
    $24/SF
    Added:
    Oct 6, 2020
    Days on Market:
    2029
    Last Refresh:
    Apr 5 at 8:08 pm

    Property Features for 1126 Shakopee Town Square

    General Information

    Standard status
    Active
    Size
    40,967 SF
    Lot size
    17.79 Acres
    Property subtype
    SPECIALTY

    We can help!

    Listing Contact
    Bruce Westling

    Listing agent Bruce Westling

    Listing office Newmark - Milwaukee WI

    Listing date Oct 6, 2020

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Milwaukee WI

    Overview

    Former Theater in Shakopee Square

    The former Marcus Theatre site, situated within Shakopee Town Square, is available for sale. The property encompasses 40967 square feet. It benefits from an abundance of parking. Prominent signage opportunities are available within the shopping center. The location provides additional parking and access at the rear of the shopping center. The property is located within a shopping center with tenants such as Shakopee Public Schools, Shakopee VA Clinic, Aspire Academy, and Dollar General. Note that the Marcus Theatre is available for sale, not the shopping center itself. Shakopee has experienced significant residential and commercial growth in recent years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Theaters & concert halls

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shakopee
    County
    Scott
    State
    Minnesota
    Longitude
    -93.5534
    Latitude
    44.7846

    Nearby Similar for Sale

    • $699,000

      Shakopee Commercial Building For Sale

      Versatile commercial building in downtown Shakopee, suitable for various uses.
      230 1st Avenue E, Shakopee, MN 55379
      View Details
    • $875,000
      7,000 SF

      Downtown Shakopee Commercial Building

      Highly visible commercial building in the heart of Downtown Shakopee.
      112 Sommerville St S, Shakopee, MN 55379
      View Details
    • $1,895,000
      13,360 SF

      Downtown Shakopee Flex/Industrial Building

      13,360 sq ft building in Downtown Shakopee for sale.
      123 2nd W Avenue, Shakopee, MN 55379
      View Details
    • $1,495,000
      7,520 SF

      Downtown Shakopee Commercial Building For Sale

      Newly built commercial building in downtown Shakopee with office and shop.
      160-190 Market St S, Shakopee, MN
      View Details
    • $2,575,000

      Restaurant Investment Opportunity

      Restaurant property for sale in Shakopee, Minnesota.
      4041 Dean Lakes Boulevard | Shakopee, MN 55379, MN 55379
      View Details
    • $1,786,960
      7,136 SF

      Shakopee Montessori School Investment Opportunity

      NNN leased Montessori school in growing Shakopee, MN suburb.
      3150 Eagle Creek Blvd, Shakopee, MN
      View Details
    • Contact for pricing

      Former Theater Site For Sale

      Former Marcus Theatre site in Shakopee Town Square for sale.
      1116 Shakopee Town Sq, Shakopee, MN 55379
      View Details
    • Contact for pricing
      60,695 SF

      Shakopee Warehouse with Climate Control

      60,695 SF climate-controlled warehouse with expansion potential in Shakopee.
      4500 Valley Industrial Blvd S, Shakopee, MN
      View Details
    • Contact for pricing
      95,000 SF

      Shakopee Industrial Property For Sale

      95,000 SF industrial property available in Shakopee, Minnesota.
      4471 Valley Industrial Blvd, Shakopee, MN
      View Details
    • Contact for pricing
      301,800 SF

      Shakopee Warehouse Space Available

      301,800 square foot warehouse space for lease in Shakopee.
      3050 Emery Way, Shakopee, MN
      View Details
    • Contact for pricing
      148,800 SF

      Shakopee Industrial Property for Sale

      148,800 square foot industrial property in Shakopee, Minnesota.
      3000 Emery Way, Shakopee, MN
      View Details
    • Contact for pricing
      136,092 SF

      New Class A Industrial Building

      New industrial building for sale in Shakopee, Minnesota.
      5225 Dean Lakes Blvd, Shakopee, MN
      View Details

    FAQs

    What type of property is this?
    Theater & concert hall - Former Marcus Theatre site available within Shakopee Town Square.
    Where is this theater & concert hall located?
    The property is located at 1126 Shakopee Town Square Shakopee, MN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Former Marcus Theatre site – a landmark location.; Located at Shakopee Town Square.; Abundance of parking available.
    (414) 347-9400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bruce Westling
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!