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

    2401-2497 Hwy 7 Chanhassen, MN

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

    Retail space in grocer-anchored corridor with high traffic.

    Property size:
    1,786 SF
    Lot size:
    5.02 Acres

    Property Features for 2401-2497 Hwy 7

    General Information

    Size
    1,786 SF
    Lot size
    5.02 Acres

    We can help!

    Listing Contact
    Colman Fagan
    Source: Moodyscre

    Listing Agency: CBRE - Minnesota Listing Agent: Colman Fagan

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

    Learn more

    Overview

    Retail Space in Chanhassen Corridor

    This retail space is located in a grocer-anchored retail corridor, serving many Lake residents traveling east on Highway 7. Nearby anchor stores include Cub, Speedway, and Walgreens. The property is positioned at the intersection of Highway 7 and Highway 41, which experiences a combined traffic count of 43,000 vehicles per day. Exterior renovations are planned for 2024. The property benefits from strong income, population, and daytime population demographics. The property size is 2,003 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Chanhassen
    County
    Carver
    State
    Minnesota
    Longitude
    -93.5509074
    Latitude
    44.8422533

    Nearby Similar for Lease

    • Contact for pricing
      22,368 SF

      Chanhassen Flex Space Available

      Flex space ideal for tech, R&D, or light manufacturing.
      1460 Lake Dr West, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      9,344 SF

      Chanhassen Warehouse with Highway Signage

      Flexible warehouse space with prominent signage and convenient highway access.
      2959-2989 Water Tower Pl, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      6,563 SF

      Retail Space Available For Rent

      Retail property with 6,563 square feet available for lease.
      2401 Highway 7, Chanhassen, MN 55331
      View Details
    • New
      Contact for pricing
      6,566 SF

      Chanhassen Warehouse Space Available

      8,403 SF warehouse space for rent in Chanhassen, MN.
      1341-1365 Park Rd, Chanhassen, MN 55317
      View Details
    • $6 SF/Yr
      31,200 SF

      Functional Warehouse Space Available

      31,200 SF warehouse space for sublease in Chanhassen.
      8085-8175 Century Blvd, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      1,428 SF

      Retail and Office Spaces Available

      Retail and office spaces for lease in Chanhassen, Minnesota.
      580-600 Market St, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      5,500 SF

      Redeveloped Retail Space in Chanhassen

      Redeveloped retail space with flexible opportunities in the heart of Chanhassen.
      7900-7924 Kerber Dr, Chanhassen, MN
      View Details
    • Contact for pricing
      22,368 SF

      Chanhassen Flex Space Available

      Flex space ideal for tech, R&D, or light manufacturing.
      1490 Lake Dr W, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      1,923 SF

      Chanhassen Office Space Available

      Office space for rent with highway access and visibility.
      18902-18926 Lake Dr E, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      53,612 SF

      Industrial Space in Chanhassen

      53,612 SF industrial property available for rent.
      8700 Shelby Ct, Chanhassen, MN
      View Details
    • Contact for pricing

      Retail Space in Chanhassen

      Retail property in Chanhassen, Minnesota, currently 100% leased.
      420-440 Pond Promenade, Chanhassen, MN 55317
      View Details
    • Contact for pricing
      6,648 SF

      Chanhassen Office Space Available

      Office space for rent with highway visibility and area amenities.
      18860-18900 Lake Dr E, Chanhassen, MN 55317
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in grocer-anchored corridor with high traffic.
    Where is this shopping center located?
    The property is located at 2401-2497 Hwy 7 Chanhassen, MN.
    What are key features of this property?
    This property features: - Grocer-anchored retail corridor; - High-traffic intersection with 43,000 vehicles per day; - Strong income, population, and daytime population
    (612) 336-4234 Call to check price and availability
    Request Owner's contact information
    2401-2497 Hwy 7 Chanhassen, MN
    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.
    2401-2497 Hwy 7
    Chanhassen, MN
    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
    2401-2497 Hwy 7 Chanhassen, MN
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Colman Fagan
    (612) 336-4234 (952) 924-4600
    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!