Retail/Office Space For Lease

2635 W 78th St Chanhassen, MN 55317

2635 W 78th St, Chanhassen, MN, 55317
2635 W 78th St, Chanhassen, MN, 55317
Property Type:
Mixed Use
Please Call Broker for Price

Cap Rate:
Last Verified:
Mar 31, 2023

2,719 SF Retail/Office Space For Lease Chanhassen Ridge is a convenient neighborhood center. Located on Hwy 5 in the fast-growing suburb of Chanhassen. Join co-tenants Jimmy John’s, Mathnasium, Country Financial, and Edina Realty. Highlights and Features: • Easy access and great visibility from Highway 5 • Ample parking • Building signage • Zoning: PUD Planned Unit Development District • Strong demographics • Area tenants: Burger King, Taco Depot, BP, Viverant, Elite Nails, Restoration Chiropractic, Express Employment Professionals, Ivy Aesthetics, Michael Orthodontics, Tweet Pediatric Orthodontics, Holiday Inn Express, KinderCare, US Bank, Crème de la Crème Learning, CVS, Kwik Trip, Chan Rec Center Demographics: • Average Household Population: 1 mile - 2,394, 3 miles - 14,804 and 5 miles - 50,885 • Average Household Income: 1 mile $130,722, 3 miles - $118,918 and 5 miles - $119,403 • Traffic Counts: Hwy 5 - 25,665 vpd, Hwy 41 - 14,258 vpd and W 78th St - 1,716 vpd Space Available: • Suite 2651: 2,719 sf • 2023 CAM: $5.07 psf and Tax: $5.05 psf • Lease Rate: Negotiable NNN

Map of 2635 W 78th St, Chanhassen, MN, 55317

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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.