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For Lease or For Sale | Professional Building 5505 Cottonwood Ln 19,962 SF 100% Leased Office Building Prior Lake, MN 55372 $2,300,000 ($115.22/SF)
Investment Highlights
- Pond Views
- Numerous amenities including: conference rooms, a conference room and a workout room
- For Sale or For Lease
- 11 x 9 Office's
- Abundance of surface parking including extra wide spaces
Executive Summary
PROPERTY DESCRIPTION
For Sale or For Lease. 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.
Seller had a successful tax appeal reducing the tax value by $500,000
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.
For Sale or For Lease. 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.
Seller had a successful tax appeal reducing the tax value by $500,000
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 Conditions
Property Type
Office
Building Size
19,962 SF
Building Class
B
Year Built/Renovated
2002/2019
Price
$2,300,000
Price Per SF
$115.22
Percent Leased
100%
Tenancy
Multiple
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
- Property Manager on Site
- Security System
- Signage
- Reception
- Monument Signage
- Outdoor Seating
- Air Conditioning
Somewhat walkable
30/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-296-002-0 | Improvements Assessment | $2,025,600 |
| Land Assessment | $1,090,800 | Total Assessment | $3,116,400 |
Property Taxes
Parcel Number
25-296-002-0
Land Assessment
$1,090,800
Improvements Assessment
$2,025,600
Total Assessment
$3,116,400
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For Lease or For Sale | Professional Building | 5505 Cottonwood Ln