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

    110 East 1st Street Chaska, MN

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

    Upscale retail, office, and multi-tenant housing in downtown Chaska.

    Type:RETAIL
    Property size:
    3,100 SF
    Lot size:
    1.13 Acres
    Added:
    Jul 22, 2024
    Days on Market:
    647
    Last Refresh:
    Apr 5 at 8:08 pm

    Property Features for 110 East 1st Street

    General Information

    Standard status
    Active
    Size
    3,100 SF
    Lot size
    1.13 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 110 East 1st Street Contact us

    We can help!

    Listing Contact
    Emily Massie

    Listing agent Emily Massie

    Listing office Colliers

    Listing date Jul 22, 2024

    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 Colliers

    Overview

    Mixed-Use Property in Historic Chaska

    This mixed-use property is located in historic downtown Chaska. It offers retail, office, and multi-tenant housing. The property has 164 tenants located above, intended for those fifty-five and up. Two suites are available for lease: Suite R101, an 1,828-square-foot office space, and Suite R108, a 3,100-square-foot retail space. The rental rate is $16.00 per square foot gross. The property is located on heavily trafficked Highway 41, where traffic counts exceed 38,000 vehicles per day. Free street parking is available. Traffic count on N Chestnut St / 41 is 16,915 vehicles per day. The population within a 1-mile radius is 5,034, within 3 miles is 34,942, and within 5 miles is 75,401. The median household income within a 1-mile radius is $82,449, within 3 miles is $113,108, and within 5 miles is $112,435. The average household income within a 1-mile radius is $117,420, within 3 miles is $144,969, and within 5 miles is $146,029. The daytime population within a 1-mile radius is 4,424, within 3 miles is 12,134, and within 5 miles is 33,202.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zen Chaska Senior ... Real Estate Agency Shoe Button Boutique Clothing & Fashion Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chaska
    County
    Carver
    State
    Minnesota
    Longitude
    -93.9147
    Latitude
    44.7816

    Nearby Similar for Lease

    • $35 SF/Yr

      Downtown Chaska Office Space

      Office space in downtown Chaska with highway exposure.
      207 N Chestnut St, Chaska, MN
      View Details
    • Contact for pricing

      Building with Outdoor Storage Available

      Lease opportunity: flexible layout, A/C, suitable for various businesses.
      3700 CHASKA BLVD , Chaska, MN 55318
      View Details
    • Contact for pricing

      Chaska Office Space Available

      Office space for rent in Chaska, Minnesota, 1100 square feet.
      510 Chestnut St N, Chaska, MN
      View Details
    • Contact for pricing

      Chaska Office Condo For Sale

      1,536 SF end cap office condo in Chaska, MN.
      572-568 Bavaria Ln, Chaska, MN
      View Details
    • $23 SF/Yr

      Class A Medical Building

      Medical building with lake views, ample parking, and on-site facilities.
      110105 Pioneer Trail, Chaska, MN
      View Details
    • $12 SF/Yr

      Chaska Warehouse with Air Conditioning

      28,538 SF industrial/warehouse space available for sublease in Chaska.
      4264 Norex Dr, Chaska, MN
      View Details
    • Contact for pricing

      Chaska Shop with Outside Storage

      4,800 SF shop with +1.25 acres outside storage.
      525 Creekridge Dr, Chaska, MN
      View Details
    • $24 SF/Yr

      Retail Space in Chaska Center

      Retail space available in community shopping center in Chaska, MN.
      104-120 Pioneer Trl, Chaska, MN
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property with tenant income available for lease.
      4100 Peavey Rd, Chaska, MN
      View Details
    • $11 SF/Yr

      Chaska Office Space for Lease

      Office spaces available for lease with ample parking.
      1107 Hazeltine Blvd, Chaska, MN
      View Details
    • Contact for pricing

      New Industrial Development in Chaska

      Industrial facility with freeway access and adaptable space.
      1215 Chaska Creek Blvd, Chaska, MN
      View Details
    • $24 SF/Yr

      Retail Space in Chaska Commons

      Retail spaces available for lease in Chaska, Minnesota.
      162-172 Pioneer Trl, Chaska, MN
      View Details

    FAQs

    What type of property is this?
    Retail space - Upscale retail, office, and multi-tenant housing in downtown Chaska.
    Where is this retail space located?
    The property is located at 110 East 1st Street Chaska, MN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: High traffic location on Highway 41 with over 38,000 vehicles per day; Located in historic downtown Chaska; Mixed‑use property with retail, office, and multi‑tenant housing
    (612) 750-6480 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Emily Massie
    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!