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Downtown Prior Lake Retail Space
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4662-4664 Dakota St SE, Prior Lake, MN

Retail space for lease in a newly approved apartment building.

Space Size3,533 SF
Lot Size1.03 Acres
Days on Market281

Property Features for 4662-4664 Dakota St SE

General Information

Standard status Active
Size 3,533 SF
Lot size 1.03 Acres
Property subtype RETAIL
Lease Type Gross

Spaces For Lease

at 4662-4664 Dakota St SE Contact us

Restaurant Space w/ Roof Deck in The Cora $40/SF/Yr

Floor
1 and 5
Size
3,533 SF
Type
RETAIL
Lease Type
GROSS
Availability
AVAILABLE, Completion
Sublease
No
Northland Real Estate Group's Recently Approved 105-Unit Market Rate Apartment in...
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Listing Agency: Northland Real Estate Group, LLC
Listed By: Cameron Beiersdorf
Source: Moodyscre
Added: Nov 13, 2025 Changed: Aug 8 Last Checked: Aug 20 at 2:07PM

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 Northland Real Estate Group, LLC

Investment Insights

Based on property information with market context.

Located in downtown Prior Lake, this retail space is part of a recently approved 105-unit market-rate apartment building. The space offers a total of 3,533 square feet, including 2,028 square feet in the lower level and 1,505 square feet on the rooftop. The property benefits from its prime downtown location, strong neighborhood anchors, and high foot traffic. The area features excellent demographics with high incomes per household. An iconic roof deck provides views. Delivery is scheduled for 2027. The asking rate is $40 per square foot gross.

Key Highlights

  • Recently approved 105‑unit market rate apartment
  • Prime downtown Prior Lake location
  • Iconic roof deck with great views

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Grocery & Convenience Store Bakery Auto Parts Store Garden Center

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

Lease Details

NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

669
Businesses Nearby

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space for lease in a newly approved apartment building.
Where is this retail space located?
The property is located at 4662-4664 Dakota St SE Prior Lake, MN.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: Recently approved 105‑unit market rate apartment; Prime downtown Prior Lake location; Iconic roof deck with great views
(952) 451-1061 Call to check price and availability
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