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4540 Tower St SE 21,588 SF Office Building Prior Lake, MN 55372 $2,750,000 ($127.39/SF)
INVESTMENT HIGHLIGHTS
- Prime Prior Lake location near Hwy 13 and retail amenities
- 29 offices, six conference rooms, and secure dual entrances
- Zoned for office, medical, or educational use; move-in ready
- 21,588 SF professional office plus 2,700 SF storage/garage
- Expansive parking with 146+ stalls on a 2.66-acre site
EXECUTIVE SUMMARY
Positioned in the heart of Prior Lake, this professional office building offers a rare opportunity for ownership in a thriving suburban community. The property spans a generous 2.66-acre site and features a well-maintained, single-level structure totaling approximately 21,588 square feet, complemented by a 2,700-square-foot storage and garage facility with three drive-in doors. Originally serving as the Prior Lake–Savage School District office, the building is thoughtfully designed with 29 private offices, six conference rooms, three restroom sets, and a convenient kitchenette, making it ideal for educational, medical, or professional office use.
Two secure entrances with vestibules enhance privacy and security, while a large parking lot with over 146 stalls ensures ample capacity for staff and visitors. Recent renovations in 1993 and 2016, along with sprinkler systems throughout, underscore the property’s readiness for immediate occupancy or tailored customization. Located just south of the Post Office and minutes from Hwy 13, the site offers excellent connectivity to retail, dining, and residential neighborhoods, including Lunds & Byerlys and Caribou Coffee. Its strategic position within Scott County provides access to a growing population base and a vibrant business environment.
Whether you envision a corporate headquarters, a medical campus, or a specialized service center, this property delivers flexibility, visibility, and long-term value. This offering represents a compelling investment in one of Minnesota’s most desirable suburban markets.
PROPERTY HIGHLIGHTS
Former Prior Lake –Savage School District Office Building for Sale
Approx. 21,588 SF Building, plus approx. 2,700 SF Storage/Garage Building on Approx. 2.66 Acre Site
29+ Offices, 6 Conference Rooms, 3 Sets of Restrooms, 1 Kitchenette, 2 Secure Entrances with Vestibules
Scott County PID# 250220050
RE Taxes: TBD
Located just south of the Post Office
Close to retail, fast food, and Hwy 13
Available June 2026
Two secure entrances with vestibules enhance privacy and security, while a large parking lot with over 146 stalls ensures ample capacity for staff and visitors. Recent renovations in 1993 and 2016, along with sprinkler systems throughout, underscore the property’s readiness for immediate occupancy or tailored customization. Located just south of the Post Office and minutes from Hwy 13, the site offers excellent connectivity to retail, dining, and residential neighborhoods, including Lunds & Byerlys and Caribou Coffee. Its strategic position within Scott County provides access to a growing population base and a vibrant business environment.
Whether you envision a corporate headquarters, a medical campus, or a specialized service center, this property delivers flexibility, visibility, and long-term value. This offering represents a compelling investment in one of Minnesota’s most desirable suburban markets.
PROPERTY HIGHLIGHTS
Former Prior Lake –Savage School District Office Building for Sale
Approx. 21,588 SF Building, plus approx. 2,700 SF Storage/Garage Building on Approx. 2.66 Acre Site
29+ Offices, 6 Conference Rooms, 3 Sets of Restrooms, 1 Kitchenette, 2 Secure Entrances with Vestibules
Scott County PID# 250220050
RE Taxes: TBD
Located just south of the Post Office
Close to retail, fast food, and Hwy 13
Available June 2026
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
21,588 SF
Building Class
C
Year Built/Renovated
1979/2006
Price
$2,750,000
Price Per SF
$127.39
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
21,588 SF
Building FAR
0.19
Lot Size
2.66 AC
Zoning
R2/R3 - Zoned R2/R3 Residential; permitted for School/Office/Medical
Parking
120 Spaces (5.56 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 25-022-005-0 | Improvements Assessment | $1,942,700 |
| Land Assessment | $463,500 | Total Assessment | $2,406,200 |
PROPERTY TAXES
Parcel Number
25-022-005-0
Land Assessment
$463,500
Improvements Assessment
$1,942,700
Total Assessment
$2,406,200
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4540 Tower St SE
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