21 County Rd 42 & County Rd Prior Lake, MN 55372
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.