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    County Rd 42 & County Rd 21 Prior Lake, MN 55372

    Sponsored
    For Sale
    Contact for pricing

    Mixed-use development opportunity in Prior Lake.

    Property size:
    37,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use Planned Unit Development (PUD) in Prior Lake, Minnesota, presents a unique investment opportunity. Located at the intersection of County Road 42 and County Road 21 (APN 254371701 & 255690020), this property offers flexible zoning allowing for retail, office, and medical uses. The site encompasses 4.95 to 11.28 acres and includes two distinct areas. The west site offers up to 37,000 square feet with excellent visibility on County Road 42 and ample parking. Concept plans illustrate potential for single and two-story buildings with underground parking, complementing a planned 140-unit apartment complex. The east site provides up to 34,000 square feet, boasting visibility on County Road 21 and access from Fountain Hills Drive NW. Concept plans showcase the potential for three stand-alone buildings suitable for single or multi-tenant occupancy. This area also includes an existing Lil Explorers childcare center and the soon-to-open Jeffers Lodge, housing the Jeffers Foundation Learning Center (opening Fall 2024). Sale, lease, and build-to-suit options are available with negotiable pricing. This development benefits from a rapidly expanding residential population base and a prime location in Prior Lake, MN, zip code 55372. The property's strategic location ensures high visibility and accessibility, making it an ideal investment for discerning developers and businesses.

    Property Features for 0 County Rd 42 & County Rd 21

    General Information

    Property type
    Mixed-use properties
    Square Feet
    37,000 SF
    Lot Size
    215,622 SF

    HighLights

    • Sale/Lease/Build‑to‑Suit (BTS) opportunities available.
    • Planned mixed‑use development in rapidly growing Prior Lake, MN.
    • Flexible PUD zoning permits retail, office, and medical uses.
    • Negotiable pricing.
    • High‑visibility location at CR‑42 & CR‑21 intersection in Prior Lake, offering ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Prior Lake
    County
    Scott
    State
    Minnesota
    Longitude
    -93.439444316565
    Latitude
    44.746683030922

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use development opportunity in Prior Lake.
    Where is this mixed-use property located?
    The property is located at County Rd 42 & County Rd 21 Prior Lake, MN.
    What are key features of this property?
    This property features: Sale/Lease/Build-to-Suit (BTS) opportunities available.; Planned mixed-use development in rapidly growing Prior Lake, MN.; Flexible PUD zoning permits retail, office, and medical uses.
    Request Owner's contact information
    County Rd 42 & County Rd 21 Prior Lake, MN 55372
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    Prior Lake, MN 55372
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    County Rd 42 & County Rd 21 Prior Lake, MN 55372
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