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Flex Space with Outside Storage
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16740 Welcome Avenue SE, Prior Lake, MN 55372

Flexible commercial layout with four separately configured spaces and individual restrooms.

Property SizeContact for details
Days on Market131

Property Features for 16740 Welcome Avenue SE

General Information

Standard status Active
Property subtype Retail, Industrial
Listing Agency: Boyd Perkins Group
Listed By: Yvonne Perkins · License #MN 731479
Source: Crexi
Added: Apr 24 Changed: Aug 31 Last Checked: Aug 29 at 7:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boyd Perkins Group

Investment Insights

Based on property information with market context.

This flex space property includes a 4,990-square-foot industrial building arranged into four separate spaces, with a restroom serving each one. The site also contains two open sheds and 11-14 storage containers, providing additional covered and container-based storage areas.

Set on 1.21 acres in Prior Lake, the property includes fenced, gated parking and outside storage. The address is 16740 Welcome Avenue SE, offering a consolidated setup for commercial operations requiring building space, secured parking, and supplemental storage.

Key Highlights

  • 4,990‑square‑foot industrial building on 1.21 acres
  • Four separate spaces, each with its own restroom
  • Two additional open sheds on site

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Hair Salon Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

157
Businesses Nearby
Under-served
Demand for This Use

Demographics for 55372, MN

34,327
Population
12,631
Households
2.7
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
58.5 sq mi
ZIP Area
587
Density / Sq Mi
$140,835
Median Household Income
$66,558
Median Earnings
$1,406
Median Rent
$450,100
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Flexible commercial layout with four separately configured spaces and individual restrooms.
Where is this flex space located?
The property is located at 16740 Welcome Avenue SE Prior Lake, MN.
What are key features of this property?
This property features: 4,990‑square‑foot industrial building on 1.21 acres; Four separate spaces, each with its own restroom; Two additional open sheds on site
(612) 709-1555 Call to check price and availability
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