510 Chestnut StChaska, MN 55318

Property Details for 510 Chestnut St

Year built

1990

Lot size

0.20 AC

Property size (Sq ft)

5,572 SF

Property type

Office buildings

APN

30-1210020

APU

301210020

Description

This exceptional 1,000-square-foot executive office suite is ideally located at 510 Chestnut Street North. The space is currently vacant and ready for immediate occupancy, offering a single-tenant configuration perfect for a discerning business seeking a prestigious address. The property is classified as an office building and specifically designated as an executive office suite, suggesting a high level of finish and amenities. The single-tenant occupancy ensures privacy and control over the entire space, eliminating the need to share common areas with other businesses. The 1,000 square feet provide ample room for a variety of office layouts, accommodating teams of various sizes. Given its classification as an "executive suite," potential tenants can anticipate a higher level of quality and sophistication in the building's design and infrastructure. The address, 510 Chestnut Street North, implies a desirable location, likely within a well-established business district. This property presents a unique opportunity for a company seeking a move-in ready, high-quality executive office space in a prime location. Interested parties are encouraged to inquire further to learn more about lease terms and specific building features. The property is available for lease immediately. This is a single-tenant space, offering complete privacy and control.

• CAP approach

  CAP return

  Valuation

  6%

  $917,213

  6.5%

  $846,658

  7%

  $786,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $284,395

  Geo Method

  $284,395

• Alternative Use

  Use

  Valuation

  Residential

  $1,049,856

  Hospitality

  $961,662

  Educational

  $800,092

  Medical

  $827,608

  Retail

  $1,244,587

Location Insight

City

Chaska

County

Carver

State

Minnesota

Latitude

44.7888

Longitude

-93.6013

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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