1591 Park RdChanhassen, MN 55317

Property Details for 1591 Park Rd

Year built

1980

Lot size

2.88 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,872,473

  6.5%

  $4,497,668

  7%

  $4,176,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,589,908

  Geo Method

  $2,589,908

• Alternative Use

  Use

  Valuation

  Residential

  $3,793,951

  Hospitality

  $3,475,238

  Educational

  $2,891,358

  Medical

  $2,990,796

  Retail

  $4,497,668

Location Insight

City

Chanhassen

County

Carver

State

Minnesota

Latitude

44.8563

Longitude

-93.5611

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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