1591 Park Rd Chanhassen, MN 55317-9594
- Auto shops
- 20,136 SF
- 2.88 lot acres
Current Use by Public Records
- Interstate Roadrunner / Trucking Company / Transportation Service
- Chanhassen Sewer Maintenance / City Government Office
Property Details for 1591 Park Rd
- Year built
- 1980
- Lot size
- 2.88 lot acres
- Property size
- 20,136 SF
- Property type
- Auto shops
- APN
- 25-1900310
- APU
- 251900310
Description
This exceptional commercial property, located at 1591 Park Road in Chanhassen, Minnesota, presents a significant investment opportunity. The property encompasses a substantial 2.89 acres of land, providing ample space for various commercial ventures. The main building boasts a generous 26,088 square feet of usable space, offering considerable flexibility for diverse business needs. Its strategic location in Chanhassen, a thriving community, ensures high visibility and accessibility. The asking price for this expansive property is $3,750,000. Given the size of the building and the substantial land area, this property is well-suited for a variety of uses, from warehousing and distribution to light manufacturing or office space. The substantial square footage allows for significant expansion or subdivision, catering to a range of business requirements. The property's location within Chanhassen offers easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. This presents a rare opportunity to acquire a large-scale commercial property in a desirable and rapidly developing area. Serious inquiries are encouraged to explore the full potential of this exceptional investment. The property is offered as-is. Further details and site visits can be arranged upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,000,000
- 6.5%
- $2,920,000
- 7%
- $2,745,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,805,000
- Geo Method
- $2,705,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,755,000
- Retail
- $3,305,000
- Mixed-Use
- $2,795,000
- Hospitality
- $3,030,000
- Educational
- $2,895,000
- Residential Income
- $2,735,000
- Energy
- $3,200,000
- Income-Based Land
- $2,910,000
- Food Service
- $2,940,000
Location Insight
- Map
- Local Demand
- City
- Chanhassen
- County
- Carver
- State
- Minnesota
- Longitude
- -93.5611
- Latitude
- 44.8563
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
