1 River Bend Pl, Chaska, MN 55318

1 River Bend Place presents a rare opportunity to acquire a riverfront hospitality asset with significant redevelopment potential in the heart of downtown Chaska, MN. Located directly on the Minnesota River, the property offers one of the most visible and irreplaceable sites in the southwest Twin Cities metro.

The asset benefits from exceptional walkability to Firemen’s Park, the nationally recognized Chaska Curling Center, regional trail systems, and downtown restaurants and retail. The site sits within Chaska’s active riverfront revitalization corridor and is surrounded by ongoing infrastructure investment and strong demographic growth.

The property is further enhanced by a new, directly connected on-site restaurant tenant, recently opened and operating under a lease with annual rent escalations. The restaurant has quickly become a local favorite and provides a key lifestyle amenity for hotel guests while benefiting from built-in demand generated by the approximately 82 on-site hotel rooms.

Operational Note: The on-site pool has not been serviced or operated since the COVID period and is currently inactive. A future owner may elect to reintroduce this amenity as part of a repositioning strategy or remove it as part of a broader redevelopment plan.

While currently operating as a hotel, the highest and best use is redevelopment. The City of Chaska has expressed support for a new long-term vision for the site, positioning it as a catalyst redevelopment opportunity. Investors can pursue either a hospitality repositioning strategy or a multifamily / mixed-use redevelopment, capitalizing on the site’s riverfront frontage, downtown connectivity, and strong municipal alignment.

Financial Assumptions: Underwritten returns are based on a conservative 65% expense ratio, reflecting current operating performance and providing a realistic baseline for investors evaluating both in-place cash flow and future repositioning scenarios.

This offering represents a unique chance to control a generational riverfront parcel with both in-place income and transformational upside in a high-growth, high-income submarket.