Prior Lake, MN Commercial Property for Sale (2 Real Estate Listings)

Prior Lake, MN Real Estate Statistics

Average Price $1.4M
Lowest Price $15
Highest Price $52M
Total Listings 157
Avg. Price/SQFT $264

Property Types (active listings)

As of June 12, 2024 there are 2 active Prior Lake, MN commercial real estate listings for sale with an average listing price of $650,008. The highest-priced commercial property listing is $1,300,000, while the lowest priced commercial property can be purchased for $15. Prior Lake, MN Commercial properties for sale have an average price of $97 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 3,966 square feet of living space.

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Prior Lake, MN Commercial Real Estate & Properties 

Whether you're looking to buy or lease commercial real estate in Prior Lake, Minnesota, our team of experts can help you find the perfect property for your business. We have various commercial properties, from office space and retail storefronts to industrial warehouses. No matter your needs, we can help you find the right property for your business.

Prior Lake, Minnesota's History

The city of Prior Lake, Minnesota, has a long and rich history dating back to the early days of European settlement in North America. Prior Lake was initially inhabited by the Dakota Sioux Indians, who called the area "Wakpa Takpat." The first European settlers arrived in the 1800s and officially incorporated the city in 1891. Since then, Prior Lake has grown and changed in many ways, but it remains a vibrant and beautiful community nestled in the Minnesota countryside. From its early days as a farming community to its present-day status as a bedroom community for the Twin Cities metropolis, Prior Lake has always been a special place to call home.

Prior Lake, Minnesota's Demographics

According to the most recent census, Prior Lake, Minnesota's population is 28,581. This makes it the 34th largest city in Minnesota and the 1593rd largest city in the United States. Prior Lake is growing at a rate of 1.72% annually, and its population has increased by 3.49% since the last census. The city spans over 19 miles and has a population density of 1,797 people per square mile. The median age in Prior Lake is 36 years old. 36.2% of residents are married, and 11.7% are divorced. As of 2018, 58.6% of Prior Lake residents were born in Minnesota, 38.3% were born in another U.S. state, 2.6% were born in Puerto Rico, 1.1% were born outside of the United States, and 0.5% were born in another country/territory. As of 2018, 92% of Prior Lake residents speak English as their first language, 4% speak Spanish, 1% speak Somali, and 0.4% speak another language other than English or Spanish.

Prior Lake, Minnesota's Geographic Makeup

Prior Lake is located in the U.S. state of Minnesota, southwest of downtown Minneapolis in Scott County. The town surrounds Lower and Upper Prior Lake shores and is south of the Minnesota River. According to the United States Census Bureau, the city has a total area of 18.33 square miles (47.47 km2), with 15.44 square miles (39.99 km2) being land and 2.89 square miles (7.49 km2) being water. The elevation of Prior Lake is 948 ft (289 m) above sea level. Prior Lake's geographic makeup provides its residents and visitors many opportunities to enjoy the outdoors and all that Minnesota offers.

Prior Lake, Minnesota's Economy

Prior Lake is a thriving city in Minnesota with a rich history and a bright future. The economy is booming, with a median household income of $133,700 and a poverty rate of just 4.58%. The median rental cost is affordable at $1,220 per month, and the median house value is a comfortable $328,400. The population is young and vibrant, with a median age of just 39.5 years. The city is also snowballing, with a population growth rate of 9.21% between 2010 and 2018. Prior Lake is an excellent place to live, work, and raise a family. Prior Lake will continue thriving for years thanks to its strong economy and high quality of life.

Prior Lake, Minnesota's Employment

Prior Lake, Minnesota's employment opportunities are vast and provide a good standard of living for its residents. The largest industries in Prior Lake, MN, are Retail Trade, Manufacturing, and Health Care & Social Assistance, which highlights the town's dedication to commerce and the well-being of its citizens. Furthermore, the highest paying industries in Prior Lake, MN are Finance & Insurance, Finance & Insurance, & Real Estate & Rental & Leasing, and Real Estate & Rental & Leasing. Consequently, Prior Lake has many employment options and provides its employees with lucrative salary options.

Why Commercial Real Estate In Prior Lake, Minnesota?

Prior Lake, Minnesota, is an excellent place to invest in commercial real estate. The city's population is multiplying, indicating a high demand for commercial real estate. Secondly, the economy is substantial and diversified, providing businesses with a stable customer base. Lastly, the median rental cost is affordable, making it easier for companies to find suitable premises.