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Bank-Anchored Office Building
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706 N Walnut St, Chaska, MN 55318

Four-suite office property with shopping-center adjacency and Walgreens directly across the street.

Property Size9,718 SF
Lot Size0.54 Acres
Days on Market144

Property Features for 706 N Walnut St

General Information

Standard status Active
Size 9,718 SF
Lot size 0.54 Acres
Property subtype Office, Retail
Occupancy 100%

Additional Details

Office Units 4

Building Details

Year Built 2000
Buildings 1
Building Size 9,718 SF
Tenancy Multi
Listing Agency: Marcus & Millichap - Indianapolis
Listed By: Nathan Whalen · License #IN AB21402364
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 4:20AM

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 Marcus & Millichap - Indianapolis

Investment Insights

Based on property information with market context.

Built in 2000, this 9,718-square-foot office property contains four suites on a 0.54-acre parcel. Charter Bank occupies the entire 4,984-square-foot first floor and guarantees an additional 2,647-square-foot second-floor suite under a triple-net lease with more than 6 years remaining. Other improvements include a 1,215-square-foot second-floor suite occupied by Connection Care Group and an 872-square-foot vacant suite.

The property occupies the corner of Chaska Boulevard and North Walnut Street at 706 N Walnut St. It functions as an outlot to the shopping center anchored by Coopers Foods and Dollar Tree, with Walgreens located across the street. Chaska Boulevard provides east-west connectivity through Chaska and continues toward Carver. The property is approximately 26 miles from Minneapolis and near Chanhassen, Eden Prairie, Bloomington, Edina, and Burnsville.

Key Highlights

  • 9,718‑square‑foot office building on 0.54 acres
  • Four total suites; originally built in 2000
  • Charter Bank occupies 4,984 square feet on the first floor

Property Analytics

Current Use

ATM Community Bank ... Atm BRIX Recruiting Partners Employment Agency Nicolet National Bank Bank

Suggested Use

Top Pick Auto Parts Store Parking Lot & Garage Building Supply Nail Salon Skin Care Clinic Hair Salon

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

4
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

625
Businesses Nearby

Demographics for 55318, MN

29,729
Population
11,453
Households
2.6
Avg Household Size
37
Median Age
47%
College-Educated
93%
High-School Grad
39.9 sq mi
ZIP Area
745
Density / Sq Mi
$111,781
Median Household Income
$63,293
Median Earnings
$1,430
Median Rent
$389,200
Median Home Value

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 building - Four-suite office property with shopping-center adjacency and Walgreens directly across the street.
Where is this office building located?
The property is located at 706 N Walnut St Chaska, MN.
What are key features of this property?
This property features: 9,718‑square‑foot office building on 0.54 acres; Four total suites; originally built in 2000; Charter Bank occupies 4,984 square feet on the first floor
(317) 218-5329 Call to check price and availability
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