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NOREX Professional Building 5505 Cottonwood Ln 19,962 SF Office Building Prior Lake, MN 55372 $2,500,000 ($125.24/SF)
Investment Highlights
- Pond Views
- Numerous amenities including: conference rooms, a conference room and a workout room
- 11 x 9 Office's
- Abundance of surface parking including extra wide spaces
Executive Summary
PROPERTY DESCRIPTION
Welcome to this standout 19,962 SF office building built in 2002. This well-maintained property features a versatile layout that accommodates a variety of office needs, along with room for potential expansion. Situated in the growing Prior Lake area, it offers excellent visibility, convenient access, and a professional setting ideal for businesses looking to establish or grow their presence. With its flexible design and prime location, this property is ready to support a wide range of commercial uses.
LOCATION DESCRIPTION
5505 Cottonwood Lane SE is ideally located in a quiet, professional area of Prior Lake, just minutes from Hwy 13 and County Road 42. Surrounded by established neighborhoods and local amenities, it offers easy access to restaurants, shops, and parks—plus a short 35-minute drive to the Twin Cities. A perfect blend of convenience and tranquility in a growing, high-demand community.
Welcome to this standout 19,962 SF office building built in 2002. This well-maintained property features a versatile layout that accommodates a variety of office needs, along with room for potential expansion. Situated in the growing Prior Lake area, it offers excellent visibility, convenient access, and a professional setting ideal for businesses looking to establish or grow their presence. With its flexible design and prime location, this property is ready to support a wide range of commercial uses.
LOCATION DESCRIPTION
5505 Cottonwood Lane SE is ideally located in a quiet, professional area of Prior Lake, just minutes from Hwy 13 and County Road 42. Surrounded by established neighborhoods and local amenities, it offers easy access to restaurants, shops, and parks—plus a short 35-minute drive to the Twin Cities. A perfect blend of convenience and tranquility in a growing, high-demand community.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
19,962 SF
Building Class
B
Year Built/Renovated
2002/2019
Price
$2,500,000
Price Per SF
$125.24
Tenancy
Single
Building Height
1 Story
Typical Floor Size
19,962 SF
Slab To Slab
9’
Building FAR
0.05
Lot Size
8.95 AC
Zoning
C5 - Business Park
Parking
60 Spaces (3.01 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Conferencing Facility
- Courtyard
- Fitness Center
- Pond
- Property Manager on Site
- Security System
- Signage
- Kitchen
- Bicycle Storage
- Central Heating
- Fully Carpeted
- Natural Light
- Partitioned Offices
- Reception
- Recessed Lighting
- Shower Facilities
- Drop Ceiling
- Monument Signage
- Outdoor Seating
- Air Conditioning
Property Taxes
| Parcel Number | 25-296-002-0 | Improvements Assessment | $1,947,000 |
| Land Assessment | $1,048,400 | Total Assessment | $2,995,400 |
Property Taxes
Parcel Number
25-296-002-0
Land Assessment
$1,048,400
Improvements Assessment
$1,947,000
Total Assessment
$2,995,400
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NOREX Professional Building | 5505 Cottonwood Ln
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