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Property profile & analytics
OFF-MARKET
Neighborhood centers

16731 State Hwy Prior Lake, MN 55372

81,229 SF Built 1975
Property ID
Property summary
AI-generated overview

South Lake Village offers 4 available medical office suites ranging from 860 to 3,436 square feet within an 81,229 square foot, single-story Class B building situated on a 5.48-acre lot in Prior Lake's central business district. This multi-tenant property, built in 1975, boasts a prime location with frontage along Highway 13 and is anchored by Lunds & Byerly's grocery store, ensuring high visibility and foot traffic. The complex provides ample parking for tenants and patrons, and benefits from the presence of nearby dining and entertainment options. The available spaces are ideal for medical practices seeking a well-established location in a thriving community. The property features both storefront and interior suite options, catering to diverse business needs. Located in the Southwest submarket of Scott County, Minnesota, with a cross street of Duluth Avenue SE and APN 254700010, this property offers a unique opportunity to establish or expand a medical practice in an affluent area with an average household income exceeding $102,000 within a one-mile radius. Currently, 4,596 square feet of space is vacant. The property is categorized as Retail, Office, with subtypes including Medical Office, Storefront, and Strip Center.

Property profile
Verified
Property type Neighborhood centers
Year built 1975
Total area 81,229 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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