1131 Shakopee Town Sq | Shakopee, MN 55379
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1131 Shakopee Town Sq
Shakopee, MN 55379
Shakopee Town Square · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- SOLID TENANCY - ISD 720 leases 50% of the GLA creating a solid core tenancy with strong credit.
- POTENTIAL TO REPOSITION - A future owner has the flexibility to reposition the Property or lease it in its current configuration.
- HIGHWAY INTERCHANGE - The Property is located directly off the interchange of U.S. Highway 169 and Highway 69.
- VALUE ADD - At 69% occupancy, a future investor has the ability to capture immediate increase in income through lease-up.
- BELOW REPLACEMENT COST - It is expected the Property will trade significantly below replacement cost.
PROPERTY FACTS
Property Type
Building Size
120,018 SF
Building Class
C
Year Built/Renovated
1974/1992
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.16
Lot Size
17.44 AC
Zoning
B1 - Highway Business
Parking
669 Spaces (5.57 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 27-093-001-1 | Improvements Assessment | $1,069,300 |
| Land Assessment | $237,300 | Total Assessment | $1,306,600 |
PROPERTY TAXES
Parcel Number
27-093-001-1
Land Assessment
$237,300
Improvements Assessment
$1,069,300
Total Assessment
$1,306,600
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