Single-Tenant Weather
For Sale
Contact for pricing
Pending
1733 Lake Dr W, Chanhassen, MN 55317
Fully leased federal weather facility with a long operating history and recent building-system and site improvements.
Property SizeContact for details
Days on Market142
Property Features for 1733 Lake Dr W
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
Northmarq Capital, LLC
Listed By:
Brandon Duff · License #IL 475139166
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 3:25PM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This single-tenant office property at 1733 Lake Drive West in Chanhassen, Minnesota, is occupied by the General Services Administration for National Weather Service operations. The facility has supported the tenant for more than 25 years and includes an active NEXRAD Doppler radar, weather-balloon launch capability, and a new HVAC system. Renovations completed in 2019 also addressed the roof, parking areas, office interior, and grounds.
The property encompasses 9.74 acres and sits approximately 12 miles southwest of Minneapolis within the Chanhassen Business Park. Surrounding users include General Mills, a USPS Carrier Annex, IDI Distributors, Snap Fitness, Target, Starbucks, and Sherwin-Williams. The lease provides a 15-year firm term with a 5-year renewal option and no termination options during the base term. The tenant pays operating costs, annual CPI increases, and real estate taxes above the base-year amount.
The property encompasses 9.74 acres and sits approximately 12 miles southwest of Minneapolis within the Chanhassen Business Park. Surrounding users include General Mills, a USPS Carrier Annex, IDI Distributors, Snap Fitness, Target, Starbucks, and Sherwin-Williams. The lease provides a 15-year firm term with a 5-year renewal option and no termination options during the base term. The tenant pays operating costs, annual CPI increases, and real estate taxes above the base-year amount.
Key Highlights
- 9.74‑acre office property at 1733 Lake Dr W, Chanhassen, MN 55317
- Fully leased to the General Services Administration for National Weather Service operations
- 15‑year firm lease with an additional 5‑year renewal option
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 55317, MN
21,774
Population
8,731
Households
2.5
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
13.1 sq mi
ZIP Area
1,662
Density / Sq Mi
$133,573
Median Household Income
$65,655
Median Earnings
$1,763
Median Rent
$505,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased federal weather facility with a long operating history and recent building-system and site improvements.
Where is this office building located?
The property is located at 1733 Lake Dr W Chanhassen, MN.
What are key features of this property?
This property features: 9.74‑acre office property at 1733 Lake Dr W, Chanhassen, MN 55317; Fully leased to the General Services Administration for National Weather Service operations; 15‑year firm lease with an additional 5‑year renewal option
