15870 Franklin Trail SE, Prior Lake, MN 55372 (MLS# 7048110)

15870 Franklin Trail SE, Prior Lake, MN 55372

$1,100,000
Property Type: Commercial Square Footage: 6,866 Lot Size (sq. ft.): 101,495 Status: Active
Current Price: $1,100,000 List Date: 4/02/2026 Last Modified: 8/31/2026

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 YN
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

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

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

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
IDX
Listing Office: Edina Realty, Inc.
Last Updated: August - 31 - 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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