Mixed-Use Building with Upstairs
210 Chestnut St N, Chaska, MN 55318
For Sale
New
Contact for pricing
Ground-floor office or retail space is paired with three residential rentals above.
Property Size5,600 SF
Price / SF$175
Days on Market4
Property Features for 210 Chestnut St N
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Mixed-Use Components
Additional Details
Multifamily Units
Building Details
Stories
Listing Agency:
Modern CRE
(952) 929-2020
Listed By:
David Wiegratz · License #40043321
(612) 203-9917
Source:
Moodyscre
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:27PM
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 Modern CRE
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Investment Insights
Based on property information with market context.
At 210 Chestnut St N, this 5,600-square-foot mixed-use property combines office or retail space on the first floor with three rental residences on the second. The arrangement brings commercial and residential space together in one building.
Downtown Chaska amenities include dining, coffee shops, retail, banks, City Square Park, riverfront trails and the Chaska Community Center. Hundreds of free municipal parking stalls are available downtown, with spaces directly beside the property. US-212 connects the area to MSP Airport in about 20 minutes and downtown Minneapolis in about 25 minutes.
Downtown Chaska amenities include dining, coffee shops, retail, banks, City Square Park, riverfront trails and the Chaska Community Center. Hundreds of free municipal parking stalls are available downtown, with spaces directly beside the property. US-212 connects the area to MSP Airport in about 20 minutes and downtown Minneapolis in about 25 minutes.
Key Highlights
- 5,600‑square‑foot mixed‑use property
- First‑floor office or retail space
- Three residential rental units on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,150
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,503,000
$1.5M
Cap Rate 7%
$1,073,571
$1.1M
Cap Rate 9%
$835,000
$835.0K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$145.8K $26.04/SF
− Vacancy
−$9.2K −$1.64/SF
EGI
$136.6K $24.40/SF
− OpEx
−$61.5K −$10.98/SF
NOI
$75.2K $13.42/SF
Area
Carver County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,503,000
Cap Rate 7%
$1,073,571
Cap Rate 9%
$835,000
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$939.4K – $1.25M
NOI $75,150 @ 7.0% cap · market cap 7.67%
Second Best
Retail
$985.3K
$862.2K – $1.15M
NOI $68,972 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,523 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 45%
Electronics 3%
Dollar Tree
Shops & Services
12,309 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,298 visits/mo
0.4 miles
Arby's
Dining
7,266 visits/mo
0.5 miles
Wells Fargo
Shops & Services
4,920 visits/mo
0.2 miles
SUBWAY
Dining
2,787 visits/mo
0.4 miles
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor office or retail space is paired with three residential rentals above.
Where is this mixed-use property located?
The property is located at 210 Chestnut St N Chaska, MN.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 5,600‑square‑foot mixed‑use property; First‑floor office or retail space; Three residential rental units on the second floor
