Property profile

124 1St Ave W Shakopee, MN 55379

FOR SALE
Commercial real estate
Saved · see the list in your Dashboard
Property ID
US46-0511128
3,927 SF 0.2 ac Built 1900
Last sale Aug 2023·$365,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

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?
$6k
Tax billed · 2024
Assessed value$289k
Assessed land$96k
Assessed improvement$193k
Effective rate2.20%

Value estimate

· Nov 2026
$365k
$329k – $402k
AI approach$365k
NOI build-up
Gross scheduled income$85k
Vacancy & credit loss−$4k
Operating expenses−$20k
NOI · 6.08% cap applied$61k

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

Recently sold

What actually traded nearby?
$178/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$89 – $247
Qualifying comparables11

Cap rate analysis

How does the asset earn?
6.08%
$61k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.9
Electrical Service11.0
HVAC Service11.0

Location

124 1St Ave W Shakopee, MN 55379
County assessor Recorded deeds · 7 transfers 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
612 1st E, Shakopee, MN 55379-1506 $1,550,000 Dec 2025 4,180 SF
507 1st E, Shakopee, MN 55379-1503 $250,000 Jan 2023 4,940 SF
403 1st E, Shakopee, MN 55379-1439 $730,000 Dec 2022 3,332 SF
911 1st E, Shakopee, MN 55379-1604 $420,000 Dec 2022 6,480 SF
8021 Old Carriage, Shakopee, MN 55379-3157 $1,386,000 Feb 2022 4,023 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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