Prior Lake, MN High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Prior Lake, Minnesota Market population: 23K. Browse multifamily, office, retail, industrial, and mixed-use investment...
Advertisement
12 properties found
Investor Pitch Deck
Don’t just search properties. See why investors choose REI Capital.
Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.
⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Prior Lake MN Properties: 0.9900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Prior Lake MN
Common questions from investors exploring commercial real estate in Prior Lake MN.
What is the overall investment potential of Prior Lake, MN?
+
The combination of a high median household income of $93,897, low poverty rate of 4.5%, and strong health insurance coverage of 95.8% suggests a stable and attractive market for real estate investment, with a diverse economy driven by top industries like Information and Finance & Insurance.
How does the local economy impact rental demand in Prior Lake, MN?
+
The presence of thriving industries such as Wholesale Trade and Finance & Insurance, along with a high employment rate and relatively short average commute time of 27 minutes, indicates a strong demand for rental properties, particularly from the 15.8% of the population that does not own homes.
What are the key factors influencing property values in Prior Lake, MN?
+
The median property value of $261,000 is influenced by factors such as the high median household income, low poverty rate, and the town's ethnic diversity, with 46.4% of the population identifying as White and 2.3% as Asian, contributing to a vibrant and desirable community.
How does the quality of life in Prior Lake, MN affect its attractiveness to investors?
+
The city's high health insurance coverage rate of 95.8%, combined with a short average commute time of 27 minutes and a high percentage of the population holding a Bachelor's degree or higher, suggests a high quality of life that can attract and retain tenants and increase property values over time.
What role does demographic diversity play in the investment potential of Prior Lake, MN?
+
The diversity of Prior Lake, with top ethnicities including White, White Non-Hispanic, and Asian, and a foreign-born rate of 2.8%, contributes to a culturally rich and dynamic community, which can drive demand for housing and support long-term investment growth, particularly when combined with the town's strong economic indicators and high median household income.
Prior Lake MN Real Estate & City Facts
Key facts and real estate information about Prior Lake MN.
What are some of the best neighborhoods to live in Prior Lake?
+
Some of the best neighborhoods to live in Prior Lake include Maple Glen, Fairway Heights, and Tara Farm. These neighborhoods offer a range of options for residents, from upscale golf communities to lakeside living and family-friendly environments. For example, Maple Glen is a well-maintained neighborhood with beautiful trails and abundant trees, while Fairway Heights is a peaceful and family-friendly neighborhood.
What are some fun things to do in Prior Lake?
+
There are plenty of fun things to do in Prior Lake, including visiting Cleary Lake Regional Park, playing a round of golf at The Wilds Golf Club, and trying your luck at Mystic Showroom. You can also check out the Prior Lake Farmer's Market, grab a bite to eat at one of the many local restaurants, such as Charlie's On Prior or Plate, and enjoy the city's community events, like the 4th of July Celebrations and Beach Party.
What is the food scene like in Prior Lake?
+
The food scene in Prior Lake is diverse and exciting, with a range of options to suit every taste and budget. Some popular restaurants include Charlie's On Prior, Plate, and Pau Hana, which serve up everything from classic American fare to international cuisine. There are also plenty of great food trucks and bakeries, like Edelweiss Bakery, to grab a quick bite or satisfy your sweet tooth. Additionally, you can find a variety of restaurants, food, and beverages at the Prior Lake Chamber of Commerce.
What are the pros and cons of living in Prior Lake?
+
The pros of living in Prior Lake include its beautiful lakeside location, family-friendly atmosphere, and range of outdoor recreational activities. However, some cons include the potential for high property taxes and the need for a car to get around, as public transportation options may be limited. Additionally, the city can get busy during peak tourist season, which may be a drawback for some residents. Overall, Prior Lake is a great place to live for those who value a strong sense of community and easy access to outdoor recreation.
Is Prior Lake a good place to live?
+
Yes, Prior Lake is a good place to live, offering a unique blend of small-town charm and big-city amenities. With its strong sense of community, beautiful lakeside location, and range of outdoor recreational activities, Prior Lake is an attractive option for families, retirees, and young professionals alike. While it may have some drawbacks, such as high property taxes and limited public transportation, the city's many advantages make it a great choice for those looking for a high quality of life.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Prior Lake MN Commercial Property: $93,897
Advertisement
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
Advertisement
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
Advertisement
⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
Advertisement