1 River Bend Place presents a rare opportunity to acquire a riverfront hospitality asset with immediate in-place income and significant long-term redevelopment optionality in one of the fastest-growing submarkets of the southwest Minneapolis–St. Paul metro. Located directly on the Minnesota River in downtown Chaska, the property occupies one of the most visible and irreplaceable sites in the city’s riverfront corridor. The asset benefits from walkable access to Firemen’s Park, the nationally recognized Chaska Curling Center, regional trail systems, and downtown restaurants and retail, positioning it as a true destination location. Chaska is a high-growth, high-income community with a population of approximately 29,000 and a median household income near $110,000. Recent infrastructure investments — including improvements to Highway 41 / CSAH 61 and Highway 212 — continue to enhance regional accessibility, visibility, and long-term economic momentum. The property is further strengthened by a new, directly connected on-site restaurant tenant, which has recently signed a lease with annual rent escalations. The restaurant has quickly become a local favorite and serves as a key amenity for hotel guests, improving tenant satisfaction, length of stay, and overall destination appeal. With approximately 82 hotel rooms located just steps away, the restaurant benefits from built-in daily demand, while simultaneously enhancing the property’s lifestyle positioning for both hospitality and future residential use. While the asset currently operates 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, recognizing its potential to serve as a catalyst project for downtown revitalization. A transition in ownership provides a clean slate opportunity to reposition the asset and reset market perception. Investors are presented with two primary, highly compelling strategies: Hospitality Repositioning – Rehabilitate and reposition the asset as a branded upscale or boutique riverfront hotel, capturing underserved demand in a submarket with limited competitive supply and strong regional attractions. Multifamily / Mixed-Use Redevelopment – Redevelop the site into a premium riverfront residential or mixed-use project, leveraging scenic views, trail connectivity, and downtown walkability to deliver a differentiated Class A living environment. The combination of irreplaceable riverfront land, municipal alignment, in-place amenity income, and flexible redevelopment pathways makes 1 River Bend Place a uniquely positioned investment opportunity. Few assets in the Twin Cities metro offer this level of income today and transformational upside tomorrow. Pricing is based on 65% expense ratio