1 Premier Drive, Long Lake, MN 55356 (MLS# 6820365)

1 Premier Drive, Long Lake, MN 55356

$2,950,000
Property Type: Commercial Square Footage: 26,820 Lot Size (sq. ft.): 60,548 Status: Active
Current Price: $2,950,000 List Date: 11/20/2025 Last Modified: 9/09/2026

Overview

Description

Building Size: 8,738 SF Office; 14,083 SF Manufacturing/Tech; 3,999 SF Warehouse Space Available: 5,886 SF Office; 14,083 SF Manufacturing/Tech; 3,999 SF Warehouse Acres: 1.39 Acres Percent Leased: 10.63% Annual Gross Rental Income: $51,451.76 per year Year Built: 1984 original building, 1996 Addition Parking: 77 off-street parking stalls Zoning: I-1 Industrial Clear Height: 12 ft. in manufacturing/tech areas, 20 ft. in warehouse area Loading: 4 drive-in doors Power: Heavy 3-phase Roof & HVAC: New rubber membrane roof in 2019; 9 new rooftop HVAC units in 2019; Warehouse is fully heated and air-conditioned Fire Suppression: Wet, fully sprinkled

Listing Details MLS# 6820365

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
77
Waterfront YN
No
Year Built
1984
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Industrial
Foundation Size
19413
For Sale or Lease
For Sale
Acres
1.39
Lot Dimensions
204x309
Assessment Pending
Unknown

Property Features

Accessible: Doors 36"+; Hallways 42"+ Air Conditioning: Zoned Amenities Shared: Fire Sprinkler System Assumable Loan: Yes w/ Qualifying CMU Style: Freestanding; Industrial; Warehouse Construction Materials: Block Construction Status: Previously Owned Current Use: Commercial; Industrial; Manufacturing; Warehouse Existing Financing: Other Exterior: Block Flooring: Carpet Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air; Radiant; Zoned Internet Options: Cable; Fiber Optic; Satellite Loan Terms: Assumable; Cash; Conventional; Other Location Description: Industrial Park Lot Description: Corner Lot Miscellaneous Information: Building Sign; Delivery Door; Exterior Lighting; Overhead Doors; Three Phase On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: Electricity; Gas; Heat; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Repairs; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Paved Lot; Uncovered/Open Potential Use: Income; Industrial; Warehouse Rent Rate per Foot: Gross Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Flat; Rubber Sewer: City Sewer/Connected Tenant Pays: Telephone Topography: Level Wall Description: Concrete/Block Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
2950000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
Yes
Street Name
Premier
Street Suffix
Drive
Postal City
Long Lake
County
Hennepin
State
MN
Zip Code
55356
Complex/Dev/Subdivision
Shaughnessy Circle

Assessments

Tax With Assessments
51451.76

Building Information

Building Finished SqFt
26820
Building SqFt
26820
Ceiling Height
Varied Heights

More Information

Income and Expenses

Annual Gross Income
56201.3

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
23
Section#
34
Township#
118

Sale Options

Sale Includes
Building, Land, Leases

Unit Details

Total Units
3

Documents

IDX
Listing Office: Keller Williams Premier Realty Lake Minnetonka
Last Updated: September - 09 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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