Redevelopment Opportunity

121 Chestnut Street E Stillwater, MN 55082

121 Chestnut Street E, Stillwater, MN, 55082
121 Chestnut Street E, Stillwater, MN, 55082
Property Type:
Other Hospitality
Please Call Broker for Price

Last Verified:
Sep 13, 2018


  • Located on the scenic St. Croix River and in one of America's Great River Valleys
  • 30 minutes to the Twin Cities, Mall of America, International Airport
  • Ideal location for downtown redevelopment -office, retail, housing and government uses
  • Be apart of the repositioning of Stillwater's downtown from high vehicular traffic to Pedestrian centered
  • Top Minnesota tourist location
  • Business and FF&E are NOT included in sale


This offering is for the 2 parcels located at the corner of Chestnut Street E and 2nd Street S in Stillwater, MN. The sale is for real estate only, and not the Shorty's Cleaners business or equipment. Shorty's is willing to move their production and retail business off site or lease back the retail space. The lots are part of the Stillwater CBDH - Central Business District Historic which will allow up to 3 stories in building height. The property is adjacent to a City parking lot and the former Minnesota National Guard Armory; which is the early stages of repurposing.

Located on the corner of Chestnut Street E and 2nd Street S.

Year Built: 1906
Building Size: 2830.0sq ft
Lot Size: 0.31 acres

Map of 121 Chestnut Street E, Stillwater, MN, 55082

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.