Home › 5505 Cottonwood Lane SE, Prior Lake, MN 55372 (MLS# 7030374)

5505 Cottonwood Lane SE, Prior Lake, MN 55372 (MLS# 7030374)

$2,300,000
5505 Cottonwood Lane SE
Prior Lake, MN 55372
MLS# 7030374

5505 Cottonwood Lane SE, Prior Lake, MN 55372
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Property Description
Welcome to this standout 19,962 SF office building built in 2002. This wellmaintained 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. The current tenant occupies approximately 25% of the building and is open to vacating at closing or entering into a leaseback agreement, providing flexibility for an owner-user or investor.

Details
Maps
Contract Information
Status: Active
Current Price: 2300000
Contingency: Inspection
ListPrice: 2300000
List Date: 2026-03-03
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront Present: No
Year Built: 2002
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 21000
Garage Stalls: 60
For Sale or Lease: For Sale
Acres: 8.95
Lot Dimensions: 8.95 AC
Assessment Pending: Yes
Location Tax and Other Information
House Number: 5505
Street Name: Cottonwood
Street Suffix: Lane
Street Direction Suffix: SE
Postal City: Prior Lake
County: Scott
State: MN
Zip Code: 55372
Complex/Dev/Subdivision: Waterfront Passage Add
Assessments
Tax With Assessments: 78374
Building Information
Building Finished SqFt: 19962
Building SqFt: 19962
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Land, Leases
Unit 1
Unit Number: 1
Level: Main Level
Unit Total SqFt: 14000
Leased?: No
Unit Details
Total Units: 1
Property Features
Accessible: No Stairs Internal; Other
Air Conditioning: Central Air
Amenities Shared: Patio
Amenities Unit: Exercise Room; Patio; Security System
Appliances: Refrigerator
Basement: None
CMU Style: Business Opportunity; Freestanding; Office
Construction Status: Previously Owned
Current Use: Office
Exterior: Brick/Stone
Flooring: Carpet
Foundation: Other
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Free Standing
Lot Description: Irregular Lot; Tree Coverage - Light
Miscellaneous Information: Kitchen Facilities
On Site Utilities: Electric Common; Heating Common
Parking Characteristics: Parking Lot
Potential Use: Office; Professional
Rent Rate per Foot: Other
Road Frontage: City Street; Curbs; Paved Streets
Roof: Asphalt Shingles
Sewer: City Sewer/Connected
Stories: One
Water: City Water/Connected

Listing Office: eXp Realty

Last Updated: May - 11 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Tuesday 26th of May 2026 02:43 PM

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