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Property profile & analytics
OFF-MARKET
Mixed-use properties

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

37,000 SF 4.95 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Mixed-use properties
Total area 37,000 SF
Lot 4.95 ac (215,622 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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