230 1st Avenue E, Shakopee, MN 55379
Commercial - Shakopee, MN
- Added:
- Feb 11, 2026
- Days on Market:
- 119
- Last Refresh:
- Jun 10 at 8:06 am
Property Features for 230 1st Avenue E
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Parking features
- Parking Lot
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 270011840
- Size
- 4,125 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7944
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Roof type
- Flat
- Architectural style
- Other
Listing agent Bonnie H. Nguyen (612) 532-7445
Listing office eXp Realty 4525 White Bear Parkway, White Bear Lake, MN (320) 500-4397
Listing date Feb 11, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime downtown Shakopee location with high foot and vehicle traffic.
- Approximately 4,125 SF versatile space suitable for retail, office, or mixed‑use.
- 667 SF warehouse space with drive‑in door for storage or light industrial use.
- Seller is open to Contract for Deed financing.
- Welcoming storefront entrance on 1st Avenue and rear access.
- Flexible interior layout to accommodate various business types.
Overview
Located in downtown Shakopee, the property benefits from being positioned on a primary commercial street with convenient access from the front storefront and an additional rear entry point. The mix of storefront and warehouse configuration supports businesses that need both customer space and usable support space on the same site.
The combination of retail/office-friendly frontage and an attached warehouse makes this property a strong match for owner-users and operators seeking a single location to serve customers while maintaining practical storage or workflow space. It is available for sale or lease, and the seller is open to Contract for Deed financing, which may be worth considering for buyers looking for flexible acquisition terms.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.8k | $16.20 |
| − Vacancy | −$2.8k | −$0.68 |
| EGI | $64.0k | $15.52 |
| − OpEx | −$9.6k | −$2.33 |
| NOI | $54.4k | $13.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Shakopee
- County
- Scott
- State
- Minnesota
- Longitude
- -93.524358
- Latitude
- 44.798614
