16731 State Hwy Prior Lake, MN 55372
South Lake Village, located at 16731 State Hwy 13 in Prior Lake, MN 55372, offers exceptional retail opportunities. This single-story, 81,229 square foot commercial center, built in 1975, sits on a 5.48-acre lot (APN 254700010, Scott County). Currently, there are multiple spaces available, ranging from 1,008 to 3,436 contiguous square feet, with a total of 4,444 square feet currently vacant. The property boasts prime frontage along Highway 13, within Prior Lake's central business district, benefiting from high visibility and accessibility. Anchored by Lunds & Byerlys, the center offers a diverse tenant mix, including dining and entertainment options such as the Pointe Grill & Bar. Ample parking is available for customers and employees. This established commercial destination is situated in an affluent suburb of the Twin Cities, providing a strong customer base. The property offers both storefront and interior retail spaces, catering to a variety of business needs. This is an excellent opportunity to establish or expand your business in a thriving retail environment.
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.