Property profile

123 W 2Nd Ave Shakopee, MN 55379

FOR SALE
Commercial real estate
Property ID
US46-3174040
13,088 SF 0.59 ac lot Built 1984
Entity Owned 7-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail property, located at 123 2nd Avenue West in Shakopee, Minnesota, presents a compelling investment opportunity. Boasting a substantial 13,360 square feet of space, the building is situated on a 0.73-acre lot and offers ample parking for customers and employees. The interior features impressive ceiling heights ranging from 10 to 13 feet, creating a spacious and versatile environment. The open floor plan allows for flexible configurations to suit a wide range of retail businesses. The property is zoned B-3, providing considerable flexibility for various commercial uses. Its prime downtown Shakopee location ensures high visibility and accessibility, making it an ideal location for businesses seeking a strong presence in a thriving community. The asking price for this remarkable property is $2,200,000. The building's size, location, and zoning regulations combine to create a significant potential for future growth and profitability. This is a rare opportunity to acquire a substantial retail space in a desirable location with excellent potential for long-term investment returns. The property's features make it suitable for a variety of commercial ventures, offering a solid foundation for a successful business. Interested parties are encouraged to explore the possibilities this property offers.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1984
Total area 13,088 SF
Lot 0.59 ac (25,700 SF)
APN 27-001144-0
UPID US46-3174040

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

123 W 2Nd Ave Shakopee, MN 55379
Shakopee metro Census 80500 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$960k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
$250,000
2019
Price N/A
2015
Price N/A
2013
Price N/A
2008
$751,409
2007
$1.1M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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