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14033 Commerce Ave NE 10,000 SF 100% Leased Retail Building Prior Lake, MN 55372 $1,775,000 ($177.50/SF) 7.35% Cap Rate

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EXECUTIVE SUMMARY

Located at the high-traffic intersection of Highway 13 and County Road 42 in Prior Lake, MN, this fully leased commercial property presents a premier investment opportunity. With 100% occupancy and a diverse tenant mix, it offers immediate income and long-term potential. The property features a balanced portfolio of long-term and short-term leases, providing both stability and flexibility for future renewals. Its prime frontage ensures excellent visibility, while the surrounding area continues to thrive with ongoing development and strong consumer demand. This turnkey asset is ideal for investors seeking dependable cash flow with minimal management, making it a proven performer in a sought-after commercial corridor.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
C
Year Built
1985
Price
$1,775,000
Price Per SF
$177.50
Cap Rate
7.35%
NOI
$130,463
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.17
Lot Size
1.38 AC
Zoning
Commercial
Parking
66 Spaces (6.6 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Banking
  • Signage
  • Air Conditioning
Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Pure Barre
Club Pilates
F45
Tim Hortons
Starbucks
Fresh Thyme Farmers Market
Caribou Coffee
Freddy's Frozen Custard & Steakburgers
Leeann Chin
Noodles & Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-194-006-0
Land Assessment
$1,412,100
Improvements Assessment
$187,900
Total Assessment
$1,600,000
  • Listing ID: 38433400

  • Date on Market: 11/13/2025

  • Last Updated:

  • Address: 14033 Commerce Ave NE, Prior Lake, MN 55372

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