236 W 1 St Waconia, MN 55387
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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