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236 W 1st St, Waconia, MN

Neighborhood center with retail and office suites in Waconia, MN.

Space Size539 SF - 1,830 SF
Lot Size2.26 Acres
Days on Market316

Property Features for 236 W 1st St

General Information

Standard status Active
Size 539 SF - 1,830 SF
Lot size 2.26 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 236 W 1st St Contact us

Waconia Square Space for Lease AVAILABLE, Now

Floor 1
Size 1,830 SF
Type OFFICE
Rate Contact for pricing
Lease Type NNN
Sublease No
Contact us

Waconia Square Space for Lease $9/SF/Yr

Floor 2
Size 849 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
PROPERTY OVERVIEW SVN | Northco is pleased to present for lease Waconia Square, a ±38,412 SF neighborhood center in charming downtown Waconia, MN. Waconia is an affluent and growing western suburb in the Minneapolis-Saint Paul metropolitan area. The center has a fantastic tenant mix of local and regional tenants, and contains both retail and office suites. PROPERTY HIGHLIGHTS • Neighborhood center located in the heart of downtown Waconia only one block from scenic Lake Waconia • Available office spaces range from ±539 SF to ±849 SF; all retail suites feature their own street address • Great tenant mix including Waconia Brewing Company, Dominos, T- Mobile, and many more • Strong local ownership; negotiable TIs • Large surface lot available to all tenants with a 4.68 stalls per 1,000 SF ratio • Strong demographics including nearly $120K average HH income within 5 miles
Contact us

Waconia Square Space for Lease $9/SF/Yr

Floor 2
Size 539 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
PROPERTY OVERVIEW SVN | Northco is pleased to present for lease Waconia Square, a ±38,412 SF neighborhood center in charming downtown Waconia, MN. Waconia is an affluent and growing western suburb in the Minneapolis-Saint Paul metropolitan area. The center has a fantastic tenant mix of local and regional tenants, and contains both retail and office suites. PROPERTY HIGHLIGHTS • Neighborhood center located in the heart of downtown Waconia only one block from scenic Lake Waconia • Available spaces range from ±539 SF to ±849 SF; all retail suites feature their own street address • Great tenant mix including Waconia Brewing Company, Dominos, T- Mobile, and many more • Strong local ownership; negotiable TIs • Large surface lot available to all tenants with a 4.68 stalls per 1,000 SF ratio • Strong demographics including nearly $120K average HH income within 5 miles
Contact us
Listing Agency: SVN | Northco Real Estate Services LLC
Listed By: Edward Rupp · License #40514585
Source: Moodyscre
Added: Nov 23, 2025 Changed: Oct 3 Last Checked: Oct 4 at 11:55AM

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 SVN | Northco Real Estate Services LLC

Investment Insights

Based on property information with market context.

Located in downtown Waconia, MN, this neighborhood center offers retail and office suites. The center, with a total area of approximately 38,412 square feet, features a mix of local and regional tenants. Available spaces range from approximately 539 square feet to 849 square feet. All retail suites have their own street address. The property benefits from a large surface lot, providing a ratio of 4.68 stalls per 1,000 square feet. The surrounding area has strong demographics, including an average household income of nearly $120,000 within a 5-mile radius. The center is located one block from Lake Waconia.

Key Highlights

  • Located in downtown Waconia, an affluent and growing Minneapolis‑Saint Paul suburb.
  • Strong demographics with an average household income of nearly $120K within 5 miles.
  • Fantastic tenant mix of local and regional tenants, including Waconia Brewing Company and Dominos.

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Garden Center Bakery Carpet & Flooring Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,074
Businesses Nearby
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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Neighborhood center with retail and office suites in Waconia, MN.
Where is this office units located?
The property is located at 236 W 1st St Waconia, MN.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: Located in downtown Waconia, an affluent and growing Minneapolis‑Saint Paul suburb.; Strong demographics with an average household income of nearly $120K within 5 miles.; Fantastic tenant mix of local and regional tenants, including Waconia Brewing Company and Dominos.
(651) 492-0563 Call to check price and availability
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