5505 Cottonwood Lane SE, Prior Lake, MN 55372

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
Other Parking Spaces: 0

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

Contract Information

Contingency: None
ListPrice: 2500000
Owner is an Agent?: No
Auction?: No

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
Assessment Balance: 0

Building Information

Building Finished SqFt: 19962
Building SqFt: 19962

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
Kitchen Facilities: Yes

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Land, Leases

Unit 1

Unit Number: Yes
Level: Main Level
Unit Total SqFt: 14000
Leased?: No

Unit Details

Total Units: Yes

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: SUBDIVISIONNAME WATERFRONT PASSAGE ADDN LOT 001 BLOCK 002 SUBDIVISIONCD 25296 LYING SE OF LINE COM MOST ERLY COR, W ALONG N LINE 131.41', NW ALONG N LINE 79.85', NW ALONG N LINE 593.15' TO POB, S 61-45-56 W 106', S 33-45-56 W 70', S 14-15-56 W 70', S 48-45-56 W 87', S 75-45-56 E 185.99' TO W LINE OF LOT & THERE TERMINATING EX COM NW COR 2-2, N 147', CURVE NE 26.08', N 82-30-56 E 195.73', S 85-59-04 E 217.67', S 412.6' W 100.52', N 228', W 310' TO POB
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: 8561
Property ID Number: 252960020
Tax Year: 2025
Tax Amount: 78374
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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.
Directions: MN-13 to 150th St SE, west to Cottonwood Ln SE, north to 5505 Cottonwood Ln SE.

Accessible

No Stairs Internal: Yes
Other: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

Patio: Yes

Amenities Unit

Exercise Room: Yes
Patio: Yes
Security System: Yes

Appliances

Refrigerator: Yes

Basement

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Flooring

Carpet: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lot Description

Irregular Lot: Yes
Tree Coverage - Light: Yes

Parking Characteristics

Parking Lot: Yes

Patio, Porch and Deck Features

Patio: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

No. of Refrigerators

One: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes

CMU Style

Business Opportunity: Yes
Freestanding: Yes
Office: Yes

Current Use

Office: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Free Standing: Yes

Potential Use

Office: Yes
Professional: Yes

Rent Rate per Foot

Other: Yes