Office Building with
1225 Lakeview Dr, Chaska, MN 55318
For Sale
Contact for pricing
The corporate headquarters was completely renovated in 2020 and sits in a lakeside setting in Chaska.
Property Size40,826 SF
Lot Size4.89 Acres
Price / SF$139.62
Days on Market201
Property Features for 1225 Lakeview Dr
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Property Use
Building Details
Year Renovated
Listing Agency:
Copperwood Real Estate LLC
(952) 392-1310
Listed By:
Mark A Steingas
(612) 720-1306
Source:
Moodyscre
Added: Apr 28
Changed: Nov 12
Last Checked: Nov 12 at 2:39PM
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 Copperwood Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 40,826-square-foot office building occupies a 4.89-acre site in Chaska, Minnesota. Built as a custom corporate headquarters, the property was completely renovated in 2020. The site includes lakeshore along Lake Hazeltine.
Hazeltine National Golf Club’s 16th hole is directly across from the property. The building is offered for sale following the retirement of its longtime business occupant.
Hazeltine National Golf Club’s 16th hole is directly across from the property. The building is offered for sale following the retirement of its longtime business occupant.
Key Highlights
- 40,826‑square‑foot office building
- 4.89‑acre site with lakeshore on Lake Hazeltine
- Completely renovated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$484,803
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,696,060
$9.7M
Cap Rate 7%
$6,925,757
$6.9M
Cap Rate 9%
$5,386,700
$5.4M
Market Conditions
NOI Build-Up for 40,826 SF
Gross rent
$896.5K $21.96/SF
− Vacancy
−$250.1K −$6.13/SF
EGI
$646.4K $15.83/SF
− OpEx
−$161.6K −$3.96/SF
NOI
$484.8K $11.87/SF
Area
Carver County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,696,060
Cap Rate 7%
$6,925,757
Cap Rate 9%
$5,386,700
Alternative Uses
Best Use
Office B
$6.93M
$6.06M – $8.08M
NOI $484,803 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.74M
$8.52M – $11.36M
NOI $681,816 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 55318, MN
29,729
Population
11,453
Households
2.6
Avg Household Size
37
Median Age
47%
College-Educated
93%
High-School Grad
39.9 sq mi
ZIP Area
745
Density / Sq Mi
$111,781
Median Household Income
$63,293
Median Earnings
$1,430
Median Rent
$389,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The corporate headquarters was completely renovated in 2020 and sits in a lakeside setting in Chaska.
Where is this office building located?
The property is located at 1225 Lakeview Dr Chaska, MN.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: 40,826‑square‑foot office building; 4.89‑acre site with lakeshore on Lake Hazeltine; Completely renovated in 2020
