1 Premier Drive, Long Lake, MN 55356 - Photo 1

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1/19

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$2,950,000 -$250,000 (-7.81%) Price Reduced

For Sale
Active
Commercial
26,820 Sq. Ft.
1.39 Acres
Updated 7 hours ago

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1/19

Property 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

Full Property Details

Full Property Details for 1 Premier Dr

General

Price: $2,950,000
Taxes: $51,451 (2025)
Status: Active
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 6820365
Updated: 9/9/2026
Added to Site: 294 day(s) ago

Interior

Flooring: Carpet

Parking

Parking Features: Parking Lot, Paved Lot, Open

Location

County: Hennepin
Township: Long Lake
Subdivision: Shaughnessy Circle
Driving Directions: 1 block south of Wayzata Boulevard in Long Lake's industrial park. Located across the street from the post office.

School Information

School District: 278 - Orono
High School District: Orono

Heating & Cooling

Cooling Type: Zoned
Heating Type: Forced Air, Radiant, Zoned
Heating Fuel: Natural Gas

Utilities

Sewer: City Sewer Connected
Water: City Water (Connected)
Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

Exterior Const.: Block
Foundation Size: 19413
Roof: Age 8 Years or Less, Flat, Rubber
Ceiling Height: Varied Heights
Disability Access: Doors 36"+, Hallways 42"+
Square Feet: 26,820
Finished Down/Base.: 26,820 Sq. Ft.
Current Bldg. Use: Commercial, Industrial, Manufacturing, Warehouse
Year Built: 1984

Lot Features

Lot Size (Acres): 1.39
Lot Dimensions: 204 x 309
Frontage: City Street
Potential Use: Warehouse, Income, Industrial
Zoning: Business/Commercial, Industrial
Lot Description: Corner Lot

Financial Considerations

Tax Amount: $51,451.76
Tax Year: 2025
Terms: Assumable, Conventional, Cash, Other
Owner Pays: Electricity, Gas, Heat, Insurance, Janitorial Service, Grounds Care, Repairs, Roof Maintenance, Sewer, Snow Removal, Taxes, Trash Collection, Water
Tenant Pays: Telephone
Pays Electric: Owner Pays
Pays Gas: Owner Pays
Pays Heat: Owner Pays
Pays Trash: Owner Pays
Pays Water: Owner Pays

Disclosures and Reports

Legal Description: BLOCK 002 SHAUGHNESSY CIRCLE LOTS 1 AND 2
Inclusions: Building, Land, Leases
Property ID: 3411823240067

Listed by Keller Williams Premier Realty Lake Minnetonka

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Schools

Schools serving 1 Premier Dr

School District:Orono Public School District

Name	Grades	Distance
Schumann Elementary School 765 Old Crystal Bay Road North, Long Lake, MN 55356	K-2	1 mi
Orono Intermediate Elementary School 685 Old Crystal Bay Rd N, Long Lake, MN 55356	3-5	1 mi
Orono Middle School 800 Old Crystal Bay Road North, Long Lake, MN 55356	6-8	1 mi
Orono Senior High School 795 Old Crystal Bay Road North, Long Lake, MN 55356	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1 Premier Dr Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/09/2026

Price Reduced

$2,950,000

-7.81%

MLS

11/20/2025

Listed

$3,200,000

128.57%

MLS

2/26/2019

Sold

$1,400,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1 Premier Dr

Year

Property Taxes

Change

Tax Assessment

Change

2025

$64,227

14%

$2,228,000

12%

2024

$56,201

$1,992,000

2023

$52,280

$1,897,000

2023

$50,968

—

$1,750,000

2023

$50,968

$1,619,000

11%

2020

$48,256

$1,455,000

12%

2019

$44,246

$1,299,000

2018

$43,265

14%

$1,251,000

19%

2017

$37,868

—

$1,053,000

2016

$37,684

-4%

$1,015,000

—

2015

$39,101

-7%

$1,015,000

—

2014

$42,064

$1,015,000

—

2013

$41,284

—

$1,019,000

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1 Premier Dr

1 Premier Drive, Long Lake, MN 55356 (MLS# 6820365) is a Commercial property. 1 Premier Drive is currently listed for $2,950,000 and was received on November 20, 2025. Want to learn more about 1 Premier Drive? Do you have questions about finding other Commercial real estate for sale in Long Lake? You can browse all Long Lake real estate or contact a Coldwell Banker agent to request more information.

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1 Premier Dr Long Lake, MN 55356