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$1,000,000

  • For Sale
  • Active
  • Commercial
  • 3,927 Sq. Ft.
  • 0.34 Acres
See This Home
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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.

Full Property Details for 124 1st Ave W

General

  • Price: $1,000,000
  • Taxes: $8,559 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7140624
  • Updated: 9/17/2026
  • Added to Site: 44 day(s) ago

Additional Information

  • Amenities: Natural Woodwork, Patio

Exterior

  • Porch/Patio/Deck: Patio

Parking

  • Parking Features: Parking Lot

Location

  • County: Scott
  • Township: Shakopee
  • Subdivision: City Of Shakopee
  • Driving Directions: Downtown Shakopee. 101 to 1st Ave East, go west to end of 1st Ave West

School Information

  • School District: 720 - Shakopee
  • High School District: Shakopee

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate

Structural Information

  • Basement: Yes
  • Basement Desc.: Block, Other, Partial
  • Foundation Size: 3927
  • Roof: Age 8 Years or Less, Flat
  • Disability Access: Other
  • Square Feet: 3,927
  • Finished Down/Base.: 3,927 Sq. Ft.
  • Current Bldg. Use: Bar/Tavern
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.34
  • Lot Dimensions: 60 x 142 Building 31 x 27 x 89 x 44 x 120 x 71 Parking lot
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights
  • Potential Use: Office, Other, Professional Service, Rest/Lounge, Restaurant, Retail, Diversified, Lounge/Bar
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $8,559
  • Tax Year: 2026
  • Terms: Contract for Deed, Conventional, Cash, Other

Disclosures and Reports

  • Legal Description: SUBDIVISIONNAME CITY OF SHAKOPEE LOT 006 BLOCK 022 SUBDIVISIONCD 27001 N1/2 OF 6 & 7 EX N 27.4' OF E 89'
  • Inclusions: Building, Business Assets, Business, Fixture/Equipment, Land, Liquor License
  • Property ID: 270011530
Buyer's Brokerage Compensation: 3%
Not binding unless confirmed by separate agreement among applicable parties.

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— 124 1st Ave W —

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 124 1st Ave W

School District:Shakopee Public School District
NameGradesDistance
Sweeney Elementary School
1001 Adams Street South, Shakopee, MN 55379
K-51 mi
Shakopee West Junior High School
200 10th Avenue East, Shakopee, MN 55379
6-80.8 mi
Shakopee Senior High School
100 17th Avenue West, Shakopee, MN 55379
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 124 1st Ave W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/17/2026
Listed
$1,000,000
173.97%
MLS
8/02/2023
Sold
$365,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 124 1st Ave W

Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,807
5%
$64,100
2%
2024
$1,726
4%
$62,800
—
2023
$1,662
-8%
$62,800
12%
2022
$1,814
-8%
$56,100
—
2021
$1,968
-6%
$56,100
-7%
2020
$2,098
—
$60,600
-2%
2020
$2,098
9%
$62,100
17%
2019
$1,928
3%
$53,000
5%
2018
$1,876
5%
$50,500
6%
2017
$1,782
8%
$47,600
12%
2016
$1,650
3%
$42,500
—
2015
$1,598
1%
$42,500
6%
2014
$1,578
—
$40,000
—
2013
$1,584
—
$40,000
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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124 1st Avenue W, Shakopee, MN 55379 (MLS# 7140624) is a Commercial property. 124 1st Avenue W is currently listed for $1,000,000 and was received on September 17, 2026. This property is listed by Chris Johnson Team from our Southwest Regional Office.Want to learn more about 124 1st Avenue W? Do you have questions about finding other Commercial real estate for sale in Shakopee? You can browse all Shakopee real estate or contact a Coldwell Banker agent to request more information.

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