Property profile

141 1st St Waconia, MN 55387

OFF-MARKET
Specialty properties
Property ID
US46-0588734
4,500 SF 0.44 ac lot Built 1948
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 141 1st Street W in Waconia, Minnesota, offers a fantastic opportunity for businesses seeking high-visibility space in a thriving community. The building, constructed in 2001, boasts a total of 11,000 square feet, with 8,038 square feet currently vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 2,538 square feet to a maximum contiguous space of 5,500 square feet, providing flexibility for various business needs. Situated in the heart of downtown Waconia, this property benefits from unparalleled visibility and exposure, just steps away from a vibrant mix of shops, restaurants, and other businesses. The location offers excellent signage opportunities, capitalizing on the high foot traffic of this bustling area. Waconia's pro-business environment and active chamber of commerce further enhance the appeal of this location. The building is ideally suited for businesses seeking a strong community presence and easy access to amenities. Tenant improvements are available, allowing for customization to meet specific business requirements. This is a rare opportunity to secure prime retail space in a desirable and growing community within Carver County. Don't miss out on this chance to establish your business in a thriving location.

Property profile

Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1948
Total area 4,500 SF
Lot 0.44 ac (19,166 SF)
APN 75-0501800
UPID US46-0588734

Cap rate & NOI

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

Location

141 1st St Waconia, MN 55387-1527
Waconia metro Census 90303 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

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
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