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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 Market326

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
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 the Heart of Downtown Prior Lake − 3,533 Total Square Foot (2,028 Lower Level, 1,505 Rooftop) − Prime downtown Prior Lake location − Iconic roof deck with great views − Strong neighborhood anchors and foot traffic − Excellent demographics with high incomes per household − Spring 2027 Delivery − Asking Rate is $40psf GROSS − Floor Plans and CAD file available
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Listing Agency: Northland Real Estate Group, LLC
Listed By: Cameron Beiersdorf
Source: Moodyscre
Added: Nov 13, 2025 Changed: Sep 13 Last Checked: Oct 4 at 12:11PM

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

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Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Grocery & Convenience Store Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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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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