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Property profile & analytics
FOR LEASE
Strip malls

236 W 1 St Waconia, MN 55387

30,542 SF 0.92 ac lot Built 1980
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US46-0554741
Property summary
AI-generated overview

Waconia Square, a two-story, 38,412-square-foot Class B building located at 236 W 1st St, Waconia, MN 55387, offers multiple executive office and retail spaces for lease. This 1980-built property, renovated in 2022, sits on a 0.92-acre lot in the charming downtown area, just one block from Lake Waconia. The building features a diverse tenant mix and offers units ranging from 849 to 7,013 contiguous square feet, with a minimum divisible space of 849 square feet. Amenities include ample parking (100+ spaces) and elevators. The property's convenient location is approximately 30 miles west of downtown Minneapolis and 10 miles from Victoria and Lake Minnetonka, providing easy access to a thriving metropolitan area and affluent surrounding communities. The property's APN is 750502980. This is a prime opportunity for businesses seeking a well-maintained space in a desirable location. The property is zoned for retail, office, and restaurant uses.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Total area 30,542 SF
Lot 0.92 ac (40,075 SF)
APN 75-0502980
UPID US46-0554741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
by Request
Comparable Approach Comparable
$935k
Blend (final) Blend
$805k
Owner & transaction history
Waconia Square LLC · 7 yrs held
Waconia Square LLC
since 2018
7 recorded transactions
2018
Price N/A
2016
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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