Shakopee Retail

4340 12th Ave E Space
Shakopee, MN
# **INACTIVE** Shakopee Plaza Shakopee Plaza is a recently completed 40,000 sf retail center anchored by Warners' Stellian alongside Ashley Furniture and The Furniture Mart. The center has exceptional visibility, frontage and access to the more than 68,000 vehicles per day that travel Highway 169 to Shakopee and the Twin Cities. Highway 169 is the major artery connecting the metro area to the Minnesota River Valley cities of Le Sueur, St. Peter, New Ulm, Mankato and southwestern Minnesota. Shakopee Plaza is situated on the edge of the 2,000 acre Valley Green Business Park. Valley Green is home to many large national corporations including Seagate Technology; Shutterfly; Polaris; Emerson; FedEx Ground; Qlogic; Imagine! Print Solutions; Bayer Corp and currently Amazon is constructing an 850,000 square foot distribution center in Valley Green. #### Available Up to 24,548 square feet #### Demographics |   | **3 Mile** | **5 Miles** | **10 Miles** | | **2015 Population** | 35,548 | 104,473 | 397,296 | | **2015 Households** | 12,270 | 38,403 | 158,279 | | **Average Household Income** | $107,434 | $120,422 | $109,217 | | **Median Household Income** | $92,390 | $94,712 | $82,592 | | **Average Home Value** | $312,993 | $366,106 | $362,971 | | **Total Employees** | 19,892 | 55,748 | 355,562 |   #### CAM/Taxes Est. 2016 $1.00 psf CAM $0.80 psf Taxes $1.80 psf Total #### Net Rental Rate $14.50 psf NNN #### Nearby Retailers \> Ashley Furniture   \> Warners' Stellian   \> Lowe’s   \> The Furniture Mart \> Jo-Ann Fabrics   \> Goodwill   \> Slumberland #### Trade Area Retailers \> Target   \> Walmart   \> Sam’s Club   \> Best Buy \> Cub Foods   \> Pier 1   \> Michaels   \> Party City \> Home Depot   \> Office Max   \> Famous Footwear

Shakopee

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,130
As of: May 18, 2017

Shakopee Rates

The typical asking rate per listing is in the $10's per square foot per year. The Shakopee submarket is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 25% decrease in rent.

Shakopee Listing Supply

In the last 90 days, 15 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,130 sqft. Most buildings in this region are around 1 stories. Most buildings in this area were built in 1998 and are Class A.

Shakopee Community

Market Report

Trends and status of the commercial real estate market in Shakopee.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Shakopee.
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