Lakeville, MN Commercial Property for Sale (1 Real Estate Listings)
Lakeville, MN Real Estate Statistics
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Property Types (active listings)
As of April 1, 2023 there are 1 active Lakeville, MN commercial real estate listings for sale with an average listing price of $1,075,000. The highest-priced commercial property listing is $1,075,000, while the lowest priced commercial property can be purchased for $1,075,000. Lakeville, MN Commercial properties for sale have an average price of $538 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 1,997 square feet of living space.
Lakeville, MN Commercial Real Estate & Properties
Situated in the heart of the Twin Cities metropolitan area, Lakeville is a thriving community that offers many opportunities for businesses and investors. Commercial real estate in Lakeville is precious due to the city's strong economy and growing population.
Commercial real estate in Lakeville is worth considering if you're looking for a solid investment opportunity. The city's strong economy and growing population make it an attractive market for businesses, and there are many different property types available to suit any investment strategy.
Multifamily properties are an excellent option for investors looking to generate rental income. Lakeville has many high-quality apartment complexes that would be perfect for this purpose. Industrial properties are also suitable for leasing space to businesses. There are several industrial parks located in the city.
Retail properties are another type of commercial real estate found in Lakeville. The city is home to several retail centers, including the Lakeville Shoppes, which offer various stores and businesses. There are several mixed-use properties available if you're looking for a property that can be used for retail and office space.
No matter what type of commercial real estate you're interested in, Lakeville has something to offer. The city's strong economy and growing population make it an attractive market for investors, and various property types are available to suit any investment strategy. Contact a local real estate agent today to learn more about Lakeville's commercial real estate opportunities.
Lakeville, Minnesota's History
Take a step back as you stroll down Mainstreet in historic Lakeville. This quaint town, rich in historical lore, originated in 1853. That's when Captain William B. Dodd, who came from the east to serve the military forts in the Minnesota Territory, designed and directed the construction of a road that would serve as a practical land route connecting the military bastions in St. Paul to the southern forts. The road, named for Captain Dodd after he was killed in the Sioux uprising in 1862, bisects present-day Lakeville. As you walk along Mainstreet, you'll see many of the original buildings that were here when Lakeville was first settled. Make sure to visit the Museum of Lakeville History to learn more about the town's rich history. And don't forget to enjoy a delicious meal at one of the many locally-owned restaurants - after all, part of experiencing history is enjoying the good things that come with it!
Lakeville, Minnesota's Demographics
According to the most recent census, Lakeville's population is 72,198. This makes it the 10th largest city in Minnesota and the 554th largest city in the United States. Lakeville is growing at a rate of 1.91% annually, and its population has increased by 3.90% since the last census was taken in 2020. The city spans over 38 miles and has a population density of 1,988 people per square mile. The median age in Lakeville is 37 years old, and the gender makeup of the city is 50.8% male and 49.2% female. 86.3% of residents are white, 3.7% are black or African American, 1.1% are Asian, 0.4% are Native American or Alaska Native, 0.1% are Native Hawaiian or other Pacific Islanders, 4.5% are of a different race, and 3.9% are of two or more races. Finally, 11.6% of residents are Hispanic or Latino of any race.
Lakeville, Minnesota's Geographic Makeup
Lakeville is a city in Minnesota located 23 miles south of downtown Minneapolis. According to the United States Census Bureau, the city has a total area of 37.83 square miles (97.98 km2). Of this, 36.06 square miles (93.39 km2) is land, and 1.77 square miles (4.58 km2) is water. The elevation of Lakeville is 971 ft (296 m) above sea level. Lakeville is the largest city in Dakota County and is one of the fastest-growing cities in the Twin Cities area. The town has a variety of businesses and parks for residents to enjoy. Lakeville also offers residents access to quality education, with several school districts serving the city. Overall, Lakeville provides its residents with many amenities and opportunities for growth.
Lakeville, Minnesota‘s Economy
Lakeville's economy is doing well compared to other cities in Minnesota. The average household income is $128,390, higher than the state average of $78,629. The poverty rate in Lakeville is 4.13%, which is lower than the state average of 11.19%. The median rental costs in recent years have been $1,464 per month, and the median house value is $325,400. The median age in Lakeville is 36.6 years, which is lower than the state average of 37.4 years. The unemployment rate in Lakeville is 3.60%, which is lower than the state average of 5.65%.
Lakeville, Minnesota's Employment
The economy of Lakeville, MN, employs 37.2k people. The largest industries in Lakeville, MN, are Health Care & Social Assistance (5,621 people), Retail Trade (5,107 people), and Manufacturing (3,594 people). The median household income in Lakeville, MN, is $101,480, and the median family income is $108,957. The per capita income in Lakeville, MN, is $37,901. The median rental price in Lakeville, MN, is $1,595, and the median house value is $271,100. The unemployment rate in Lakeville, MN, is 1.7%, and the poverty rate is 3.0%. Are you thinking about moving to Lakeville, Minnesota? These facts may be helpful in your decision-making process.
Why Commercial Real Estate In Lakeville, Minnesota?
If you're looking for a city with a strong economy, quality schools, and plenty of amenities, Lakeville, Minnesota, is the perfect place. The town offers residents a variety of opportunities for employment, education, and recreation. And, with over 72,000 people, there's always something new to discover in Lakeville. Regarding commercial real estate, Lakeville has a lot to offer businesses of all types. Whether you're looking for office space, retail space, or industrial space, you'll be sure to find what you're looking for in Lakeville.
So why choose commercial real estate in Lakeville, Minnesota? Here are just a few reasons:
1. A Strong Economy: As mentioned before, Lakeville's economy is doing well compared to other cities in Minnesota. The average household income is $128,390, and the unemployment rate is 3.60%. This means that there are plenty of job opportunities available in Lakeville.
2. Quality Education: If you're looking for a city with quality schools, look no further than Lakeville. The town has several school districts serving the community, so you'll be sure to find a school that meets your needs.
3. A Variety of Amenities: From businesses to parks, Lakeville has a little bit of everything for residents to enjoy. There's always something new to discover in this vibrant city.
4. Access to the Twin Cities: Lakeville is just a short drive from the Twin Cities, so you'll have easy access to all the area offers.
5. A Growing Population: With over 72,000 people, Lakeville is one of the fastest-growing cities in the Twin Cities area. This means that there are always new opportunities and experiences to be had in Lakeville.
Whether you're looking for a strong economy, quality schools, or a variety of amenities, Lakeville, Minnesota, is the perfect place. So why not consider commercial real estate in this vibrant city? You won't be disappointed!