Add Listing
    For Lease
    • 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

    212 W Main St Waconia, MN 55387

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Stand-alone office/retail building in downtown Waconia, unbeatable signage.

    Property Features for 212 W Main St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Justin M Stueve
    Source: Crexi

    Listing Agency: Copperwood Real Estate LLC Listing Agent: Justin M Stueve

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

    Learn more

    Overview

    Downtown Waconia Office/Retail Building

    The building at 212 W Main Street is a stand-alone office/retail building located in downtown Waconia. The property is positioned steps from the lake and is near shops, eateries, and other businesses. The location offers signage and exposure with a community feel. The city of Waconia has a pro-business government and an active chamber.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Dental Office Auto Repair Shop Law Firm Spa & Massage Center Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Waconia
    County
    Carver
    State
    Minnesota
    Longitude
    -93.7796
    Latitude
    44.8587

    Nearby Similar for Lease

    • $9 SF/Yr
      1,830 SF

      Retail and Office Suites Available

      Neighborhood center with retail and office suites in Waconia, MN.
      236 W 1 St, Waconia, MN
      View Details
    • Contact for pricing
      1,222 SF

      Downtown Waconia Office/Retail Space

      First-class office or retail space in a landmark building.
      101-129 W Main St, Waconia, MN
      View Details
    • Contact for pricing
      1,259 SF

      Waconia Tech Center Flex Space

      Flex space ideal for commercial use or storage.
      96 E 8 St, Waconia, MN
      View Details
    • $25 SF/Yr
      4,360 SF

      Restaurant Space in Waconia Entertainment

      Restaurant space with patio in Waconia's Entertainment District.
      140 S Elm St, Waconia, MN
      View Details
    • Contact for pricing

      Waconia Industrial Self Storage Space

      Industrial self-storage space for lease in Waconia, Minnesota.
      96 E 8 St, Waconia, MN 55387
      View Details
    • Contact for pricing

      Industrial Self Storage For Lease

      Industrial self-storage space for lease, located across from water tower.
      96 8 St, Waconia, MN 55387
      View Details
    • Contact for pricing
      10,961 SF

      Industrial Space with Outdoor Storage

      Industrial space with outdoor storage available for rent in Waconia.
      820 S Pine St, Waconia, MN
      View Details
    • Contact for pricing
      3,850 SF

      New Industrial Building Downtown

      New construction industrial building with flexible space in downtown Waconia.
      80 E 8 St, Waconia, MN
      View Details
    • Contact for pricing
      20,051 SF

      Waconia Office Space Available

      Office space available for rent in Waconia, Minnesota.
      560 S Maple St, Waconia, MN
      View Details
    • Contact for pricing
      450 SF

      Waconia Tech Center II Space

      Flex space ideal for storage or commercial use.
      96 8 St E, Waconia, MN
      View Details
    • Contact for pricing

      Waconia Square Retail/Office Center

      Neighborhood center in downtown Waconia, near Lake Waconia.
      236 W 1 St, Waconia, MN 55387
      View Details
    • Contact for pricing

      Industrial Property For Lease

      Industrial property available for lease in Waconia, Minnesota.
      141 Industrial Blvd, Waconia, MN
      View Details

    FAQs

    What type of property is this?
    Retail space - Stand-alone office/retail building in downtown Waconia, unbeatable signage.
    Where is this retail space located?
    The property is located at 212 W Main St Waconia, MN.
    What are key features of this property?
    This property features: - Unbeatable signage and exposure in downtown Waconia.; - Prime location steps from the lake, shops, and restaurants.; - Stand-alone office/retail building.
    Request Owner's contact information
    212 W Main St Waconia, MN 55387
    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.
    212 W Main St
    Waconia, MN 55387
    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
    212 W Main St Waconia, MN 55387
    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

    We can help!
    Listing Contact
    Justin M Stueve
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!