Property profile

590 Citation Dr Shakopee, MN 55379

FOR LEASE
Manufacturing properties
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Property ID
US46-0481630
25,148 SF 2.13 ac Built 1998
Last sale Dec 2022·$2,850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This flex/light-industrial property was built in 2008 and is zoned I-2 heavy industrial, providing warehouse and distribution-oriented space with an 18-foot clear height. Each suite includes 14-foot by 14-foot drive-in doors and rail spur access for material handling and deliveries. The building is fully sprinklered and includes trench drainage with flam traps, and it is served by 3-phase power rated at 120/208 volts with 200 amps. Suite F/G is fully temperature controlled, and the site…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$76k
Tax billed · 2024
Assessed value$2.88M
Assessed land$884k
Assessed improvement$1.99M
Effective rate2.64%

Value estimate

· Nov 2026
$2.68M
$2.41M – $2.95M
AI approach$2.87M
Submarket $/SF estimate$2.17M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$93/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$75 – $127
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSCOTT

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop8.6
Carpet & Flooring Store8.1
Home Appliance Store7.7

Location

590 Citation Dr Shakopee, MN 55379
County assessor Recorded deeds · 1 transfer 11 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
491 Citation, Shakopee, MN 55379-7748 $1,900,000 Nov 2023 14,144 SF
539 Citation, Shakopee, MN 55379-1888 $1,125,000 Nov 2023 12,000 SF
4500 Vly Industrial S, Shakopee, MN 55379-1833 $6,630,000 Aug 2022 60,695 SF
587 Citation, Shakopee, MN 55379-1888 $4,000,000 May 2022 36,450 SF
2915 133rd W, Shakopee, MN 55379-9281 $1,150,000 Apr 2022 12,710 SF
1425 Stagecoach, Shakopee, MN 55379-8045 $927,500 Feb 2022 25,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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