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Waconia Square Retail/Office Center
For Lease
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236 W 1st St, Waconia, MN 55387

Neighborhood center in downtown Waconia, near Lake Waconia.

Space Size849 SF - 1,830 SF
Property Size38,412 SF
Days on Market1430

Property Features for 236 W 1st St

General Information

Standard status Active
Size 849 SF - 1,830 SF
Class B
Total Parking Spaces 100
Property subtype Retail, Restaurant, Office
Lease Type NNN

Building Details

Building Size 38,412 SF
Year Built 1980
Tenancy Multiple

Spaces For Lease

at 236 W 1st St Contact us

Suite 240

Size
849 SF
Type
Office, Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 290

Size
1,830 SF
Type
Office, Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: SVN Northco Real Estate Services
Listed By: Edward Rupp · License #MN 40514585
Source: Crexi
Added: Oct 3, 2022 Changed: Aug 24 Last Checked: Aug 31 at 2:17AM

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

Investment Insights

Based on property information with market context.

Waconia Square is a neighborhood center offering retail and office suites, encompassing approximately 38,412 square feet. It is situated in downtown Waconia, Minnesota, a growing suburb within the Minneapolis-Saint Paul metropolitan area. The center features a mix of local and regional tenants. Located on Main Street, the property is one block from Lake Waconia, a scenic lake popular for recreational activities. Waconia is located 30 miles west of downtown Minneapolis and 10 miles from Victoria and Lake Minnetonka. The submarkets east of Waconia are known for their affluence and desirable communities. The Minneapolis-Saint Paul metropolitan statistical area is the 16th largest in the United States, with nearly 3,700,000 residents.

Key Highlights

  • Affluent and growing western suburb of Minneapolis‑Saint Paul.
  • Located in charming downtown Waconia on Main Street.
  • Fantastic tenant mix of local and regional tenants.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Big Box & Wholesale Store Bakery

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

23
Businesses Nearby
Well-served
Demand for This Use

Demographics for 55387, MN

14,552
Population
5,711
Households
2.5
Avg Household Size
38
Median Age
49%
College-Educated
98%
High-School Grad
31.5 sq mi
ZIP Area
462
Density / Sq Mi
$109,279
Median Household Income
$62,716
Median Earnings
$1,306
Median Rent
$418,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Waconia Square - Shops, Offices, Restaurants, and Brewing 235 W Main St, Waconia, MN 55387

Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood center in downtown Waconia, near Lake Waconia.
Where is this shopping center 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: Affluent and growing western suburb of Minneapolis‑Saint Paul.; Located in charming downtown Waconia on Main Street.; Fantastic tenant mix of local and regional tenants.
(651) 492-0563 Call to check price and availability
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