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End-Cap Flex Space
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2885-2945 Water Tower Pl, Chanhassen, MN 55317

The suite pairs private and open office areas with warehouse features and full-building air conditioning.

Space Size20,519 SF
Days on Market5

Property Features for 2885-2945 Water Tower Pl

General Information

Standard status Active
Size 20,519 SF
Property subtype INDUSTRIAL
Lease Type NNN

Warehouse & Industrial

Clear Height 18 ft
Dock-High Doors 2
Drive-In Doors 2
Voltage 480 V
Heavy Power Yes
Conditioned Warehouse Yes

Additional Details

Space Use Industrial

Amenities

Break Room
Direct access to City of Chanhassen trail system

Spaces For Lease

at 2885-2945 Water Tower Pl
20,519 SF Available in Arboretum Business Park III, Former Pickleball Facility $7 – $12/SF/Yr
Size 20,519 SF
Type INDUSTRIAL
Lease Type NNN
Availability AVAILABLE, On Available Date
• Rare availability at Arboretum Business Park. • End-cap space with windows on two sides. • Former pickleball facility, easily converted back to warehouse/industrial use. Functional combination of privates and open office. • Break Room and ADA Restrooms. • Heavy 480 Volt Power and 100% Air-conditioned. • 2 Drive-in Doors . 12’w x 14’h and 16’w x 16’ h. 2 Dock Doors, one with leveler. • 18’ clear height. • Many area amenities including Lifetime Fitness, Holiday Inn Express, restaurants, US Bank, KinderCare, gas/convenience and auto repair. • Locally owned and managed. • Direct access to City of Chanhassen trail system.
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Listing Agency: Summerhill Commercial Real Estate, LLC
Listed By: Patrick Lensing
Source: Moodyscre
Added: Oct 13 Changed: Oct 16 Last Checked: Oct 16 at 1:58PM

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 Summerhill Commercial Real Estate, LLC

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Investment Insights

Based on property information with market context.

This 20,519-square-foot end-cap flex space has windows on two sides and a mix of private offices and open office area. The property was previously used as a pickleball facility and can be adapted for warehouse or industrial use. Building features include a break room, ADA restrooms, 100% air conditioning, and 480-volt power.

Two drive-in doors measure 12’ wide by 14’ high and 16’ wide by 16’ high. The space also has two dock doors, one equipped with a leveler, and an 18’ clear height.

Area amenities include Lifetime Fitness, Holiday Inn Express, restaurants, US Bank, KinderCare, gas and convenience stores, and auto repair. The property provides direct access to the City of Chanhassen trail system and is locally owned and managed.

Key Highlights

  • 20,519 square feet of end‑cap flex space with windows on two sides
  • 480‑volt power and 100% air conditioning
  • Two drive‑in doors: 12’w x 14’h and 16’w x 16’h

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Hair Salon Restaurant Auto Repair Shop Electrical Service Auto Parts Store Storage Facility

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

18 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Heavy power
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

299
Businesses Nearby
Balanced
Demand for This Use

Demographics for 55317, MN

21,774
Population
8,731
Households
2.5
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
13.1 sq mi
ZIP Area
1,662
Density / Sq Mi
$133,573
Median Household Income
$65,655
Median Earnings
$1,763
Median Rent
$505,300
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - The suite pairs private and open office areas with warehouse features and full-building air conditioning.
Where is this flex space located?
The property is located at 2885-2945 Water Tower Pl Chanhassen, MN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 20,519 square feet of end‑cap flex space with windows on two sides; 480‑volt power and 100% air conditioning; Two drive‑in doors: 12’w x 14’h and 16’w x 16’h
(612) 669-1565 Call to check price and availability
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