15870 Franklin Trail SE, Prior Lake, MN 55372

New Listing
$1,100,000
Property Type: Commercial Lot Size (sq. ft.): 101,495 Status: Active
Current Price: $1,100,000 List Date: 4/02/2026 Last Modified: 4/08/2026

Overview

Description

Opportunity to obtain 2.33 acres with 186 feet of frontage on State Hwy 13 in Prior Lake. Purchase Gateway Office complex with various existing office spaces in use and more available. Multiple options for possible motel, restaurant/cafe combinations, apartments/condos with retail. Event or community center. Private, charter or language school options. Retail shopping mall. Located near local parks, schools, downtown Prior Lake, only a couple blocks from Lakefront Park and Beach!

Listing Details MLS# 7048110

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
143
Owner Occupied
No
Waterfront Present
No
Year Built
1974
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
6866
For Sale or Lease
For Sale
Acres
2.33
Lot Dimensions
230x306x144x100x367
Assessment Pending
Unknown
Garage Stalls
0

Property Features

Accessible: Wheelchair Ramp; Other Air Conditioning: Central Air Appliances: None Assumable Loan: Not Assumable CMU Style: Apartments and Retail; Business Opportunity; Car Wash; Funeral Home; Mixed Use; Office; Retail/Shopping Center Construction Status: Previously Owned Current Use: Business Service; Commercial; Other; Professional Service; Retail Exterior: Aluminum Siding; Brick/Stone Fencing: None Foundation: Slab Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional; Other Lot Description: Irregular Lot; Tree Coverage - Medium Miscellaneous Information: 2+ Lavatories; Building Sign On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Paved Lot; Uncovered/Open Sewer: City Sewer/Connected Stories: One Topography: Level Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1100000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
15870
Street Name
Franklin
Street Suffix
Trail
Street Direction Suffix
SE
Postal City
Prior Lake
County
Scott
State
MN
Zip Code
55372
Complex/Dev/Subdivision
Gateway Center

Assessments

Tax With Assessments
17530
Assessment Balance
0

Basement

Foundation Dimensions
57x56x57x56 x22x57x56x57x56x22

More Information

Building Information

Building Finished SqFt
5900
Building SqFt
6866

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No
2+ Lavatories
Yes
Building Sign
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
36
Township#
115

Sale Options

Sale Includes
Building, Fixture/Equipment, Other

Unit Details

Total Units
10

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
SECTION 36 TOWNSHIP 115 RANGE 022 THAT PART OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 36 TOWNSHIP 115 RANGE 22 SCOTT COUNTY, MINNESOTA DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHW
Listing City
Prior Lake
Map Page
161
Municipality
Prior Lake
School District
Prior Lake-Savage Area Schools
School District Phone
952-226-0000
Zip Plus 4
2561
Property ID Number
259360123
Tax Year
2024
Tax Amount
17530
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Opportunity to obtain 2.33 acres with 186 feet of frontage on State Hwy 13 in Prior Lake. Purchase Gateway Office complex with various existing office spaces in use and more available. Multiple options for possible motel, restaurant/cafe combinations, apartments/condos with retail. Event or community center. Private, charter or language school options. Retail shopping mall. Located near local parks, schools, downtown Prior Lake, only a couple blocks from Lakefront Park and Beach!
Directions
Highway 13 to Franklin Trail, South to 15870 Franklin Trail on West side of Gateway Office Park

Accessible

Wheelchair Ramp
Yes
Other
Yes

Air Conditioning

Central Air
Yes

Appliances

None
Yes

Assumable Loan

Not Assumable
Yes

Construction Status

Previously Owned
Yes

Exterior

Aluminum Siding
Yes
Brick/Stone
Yes

Fencing

None
Yes

Foundation

Slab
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Lot Description

Irregular Lot
Yes
Tree Coverage - Medium
Yes

Parking Characteristics

Paved Lot
Yes
Uncovered/Open
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Topography

Level
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Apartments and Retail
Yes
Business Opportunity
Yes
Car Wash
Yes
Funeral Home
Yes
Mixed Use
Yes
Office
Yes
Retail/Shopping Center
Yes

Current Use

Business Service
Yes
Commercial
Yes
Other
Yes
Professional Service
Yes
Retail
Yes

Loan Terms

Cash
Yes
Conventional
Yes
Other
Yes
Listing Office: Edina Realty, Inc.
IDX
Last Updated: April - 08 - 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.