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Neighborhood Shopping Center with Pylon Signage
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8240 Commonwealth Dr, Eden Prairie, MN 55344

Multi-tenant neighborhood retail center at a signalized intersection with pylon signage and convenient access in Eden Prairie.

Space Size1,400 SF
Property Size28,684 SF
Days on Market95

Property Features for 8240 Commonwealth Dr

General Information

Standard status Active
Size 1,400 SF
Property subtype Retail

Additional Details

Road Access Yes

Amenities

pylon signage

Building Details

Building Size 28,684 SF
Tenancy Multi

Spaces For Lease

at 8240 Commonwealth Dr Contact us

1,400 SF (Suite 8250)

Size
1,400 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listed By: Jen Helm
Source: Midamericagrp
Added: Jun 2 Changed: Sep 3 Last Checked: Sep 4 at 2:49AM

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 Jen Helm

Investment Insights

Based on property information with market context.

Lariat Center II is a neighborhood shopping center offering a multi-tenant retail layout with 28,684 square feet of gross leasable area. The center includes pylon signage and is designed for convenient access.

Located at 8240 Commonwealth Dr in Eden Prairie, MN, the property sits at the signalized intersection of Commonwealth Drive and Prairie Center Drive. It is positioned just west of Eden Prairie Center, and the center’s exposure is supported by nearby Flying Cloud Drive and Prairie Center Drive traffic.

For tenants and users seeking neighborhood-oriented retail space with straightforward access and prominent roadside identification, Lariat Center II provides an established multi-tenant format in a high-traffic retail corridor setting.

Key Highlights

  • 28,684 square feet of gross leasable area
  • Multi‑tenant neighborhood retail center
  • Pylon signage

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Storage Facility HVAC Service Big Box & Wholesale Store Garden Center Electrical 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.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,608
Businesses Nearby
1.1M
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 31% Apparel 28% Dining 20% Shops & Services 16%
Scheels Apparel
280,471 visits/mo 0.4 miles
Costco Wholesale Superstores
125,636 visits/mo 0.4 miles
Target Superstores
125,374 visits/mo 0.4 miles
Walmart Superstores
98,473 visits/mo 0.2 miles
Costco Gasoline Shops & Services
63,135 visits/mo 0.4 miles

Demographics for 55344, MN

15,837
Population
7,416
Households
2.1
Avg Household Size
35
Median Age
61%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,779
Density / Sq Mi
$89,590
Median Household Income
$64,278
Median Earnings
$1,725
Median Rent
$351,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant neighborhood retail center at a signalized intersection with pylon signage and convenient access in Eden Prairie.
Where is this shopping center located?
The property is located at 8240 Commonwealth Dr Eden Prairie, MN.
What are key features of this property?
This property features: 28,684 square feet of gross leasable area; Multi‑tenant neighborhood retail center; Pylon signage
More about this property
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