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    Property profile & analytics

    501 3rd St Waconia, MN 55387-1269

    • Commercial kitchens
    • 4,272 SF
    • 14.23 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-0999999
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial kitchens

    Property Details for 501 3rd St

    Year built
    1955
    Lot size
    14.23 lot acres
    Property size
    4,272 SF
    Property type
    Commercial kitchens
    APN
    75-0230900
    APU
    750230900

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waconia
    County
    Carver
    State
    Minnesota
    Longitude
    -93.7954
    Latitude
    44.8462
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $2,108,500
    $1,812,600
    $3,921,100
    -
    $2,108,500
    $1,812,600
    $3,921,100

    Comparable in this City

    • Value Estimation
      $290,000
      220 SF

      9125 Is Vw Rd

      TAKE-OUT RESTAURANT • 220 SF
      9125 Is Vw Rd, Waconia, MN 55387
      View Details
    • Value Estimation
      $310,000
      1,404 SF

      37 1st St

      RESTAURANT • 1,404 SF
      37 1st St, Waconia, MN 55387-1411
      View Details
    • Value Estimation
      $250,000
      2,500 SF

      119 Olive St

      BAR, TAVERN • 2,500 SF
      119 Olive St, Waconia, MN 55387-1421
      View Details
    • Value Estimation
      $380,000
      3,828 SF

      241 Frontage Rd

      RESTAURANT • 3,828 SF
      241 Frontage Rd, Waconia, MN 55387-1862
      View Details
    • Value Estimation
      $1,190,000
      4,728 SF

      520 Cherry Dr

      RESTAURANT • 4,728 SF
      520 Cherry Dr, Waconia, MN 55387-4578
      View Details
    • Value Estimation
      $635,000
      3,844 SF

      140 Depot Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,844 SF
      140 Depot Dr, Waconia, MN 55387-1800
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,412 SF

      Waconia Square Retail/Office Center

      Neighborhood center in downtown Waconia, one block from Lake Waconia.
      236 West 1 St, Waconia, MN 55387
      View Details
    • $475,000
      621 SF

      Excelsior Office/Retail Space For Sale

      New office/retail space in downtown Excelsior with high visibility.
      511 2Nd St, Excelsior, MN 55387
      View Details
    • Contact for pricing

      Established Brewery in Prime Location

      Turnkey brewery with strong brand recognition and growth potential.
      255 West Main St, Waconia, MN 55387
      View Details
    • $20,217,000
      76.70 Acres

      Prime Land in Waconia Twp

      76.7 acres of land with tremendous potential in Waconia.
      700 10 St E, Waconia, MN 55387
      View Details
    • Contact for pricing
      0.11 Acres

      Downtown Waconia Office Opportunity

      Versatile commercial space in downtown Waconia, ideal for growing businesses.
      29 E Main St, Waconia, MN 55387
      View Details
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    501 3rd St
    Waconia, MN 55387-1269
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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