124 1st Avenue W, Shakopee, MN 55379 (MLS# 7140624)

124 1st Avenue W, Shakopee, MN 55379

$1,000,000
Property Type: Commercial Square Footage: 3,927 Lot Size (sq. ft.): 14,810 Status: Active
Current Price: $1,000,000 List Date: 9/17/2026 Last Modified: 9/17/2026

Overview

Description

Well known, well established downtown Shakopee bar since 1947. Strong customer base and great reputation. Same owner since 1988. Almost 4,000 sf with outdoor patio and ownership of large parking lot. Custom mahogany bar, classic woodwork and yesterday charm. Tons of space for pool, dart, poker leagues and game day promotions. Partial basement with walk in coolers, newer roof 2020, rooftop HVAC 2021, windows 2020, patio 2021. Second bar available, currently for special gatherings and private parties. Located steps to the river and near attractions such as ValleyFair, the new Mystic Ampitheater, Canterbury Downs. Great opportunity to continue this historical bar or create your new presence. Purchase includes building, land, equipment and business.

Listing Details MLS# 7140624

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
20
Owner Occupied
No
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3927
For Sale or Lease
For Sale
Acres
0.34
Lot Dimensions
60 x 142 Building 31 x 27 x 89 x 44 x 120 x 71 Parking lot
Assessment Pending
No

Property Features

Accessible: Other Air Conditioning: Central Air Amenities Unit: Natural Woodwork; Patio Basement: Concrete Block; Partial; Other CMU Style: Business Opportunity; Freestanding; Other; Retail/Shopping Center Construction Status: Previously Owned Current Use: Tavern/Lounge Existing Financing: Free and Clear Exterior: Block; Stucco Foundation: Concrete Block; Stone Fuel: Electric; Natural Gas Heating: Forced Air Internet Options: Cable; DSL; Fiber Optic; Satellite Loan Terms: Cash; Contract for Deed; Conventional; Other Location Description: Downtown Lock Box Type: None Miscellaneous Information: Building Sign; Delivery Door; Exterior Lighting On Site Utilities: Electric Separate; Heating Separate Parking Characteristics: Parking Lot Potential Use: Diversified; Lounge/Bar; Office; Other; Professional; Rest/Lounge; Restaurant; Retail Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Flat Sewer: City Sewer/Connected Stories: One Water: City Water/Connected Window Features: Display Window(s)

Contract Information

Contingency
None
ListPrice
1000000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
124
Street Name
1st
Street Suffix
Avenue
Street Direction Suffix
W
Postal City
Shakopee
County
Scott
State
MN
Zip Code
55379
Complex/Dev/Subdivision
City Of Shakopee

Additional Parcels Information

Property ID #2
270011550

Assessments

Tax With Assessments
8559

More Information

Building Information

Building Finished SqFt
3927
Building SqFt
3927

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Business Assets, Business, Fixture/Equipment, Land, Liquor License

Unit Details

Total Units
Yes
IDX
Listing Office: Coldwell Banker Realty - Southwest Regional
Last Updated: September - 17 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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