Date
Details
Price
Change
Source
3/03/2026
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 5505 Cottonwood Ln SE
General
- Price: $2,500,000
- Taxes: $78,374 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7030374
- Updated: 3/4/2026
- Added to Site: 2 day(s) ago
Interior
- Appliances: Refrigerator
- Flooring: Carpet
Additional Information
- Amenities: Exercise Room, Patio, Security System
Exterior
- Porch/Patio/Deck: Patio
Parking
- Garage: Yes
- Garage Spaces: 60
- Parking Features: Parking Lot
Location
- County: Scott
- Township: Prior Lake
- Subdivision: Waterfront Passage Add
- Driving Directions: https://maps.app.goo.gl/xrvHPKcwtBpdWQak8
School Information
- School District: 2232 - Prior Lake-Savage Area Schools
- High School District: Prior Lake-Savage Area Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Common, Heating Common
Structural Information
- Foundation Size: 21000
- Roof: Asphalt
- Disability Access: No Stairs Internal, Other
- Square Feet: 19,962
- Finished Down/Base.: 19,962 Sq. Ft.
- Current Bldg. Use: Office
- Year Built: 2002
Unit Information
- Units w/Refrigerators: 1
Lot Features
- Lot Size (Acres): 8.95
- Lot Dimensions: 8.95 AC
- Frontage: City Street, Curbs, Paved Streets
- Potential Use: Office, Professional Service
- Zoning: Business/Commercial
- Lot Description: Irregular Lot, Light Tree Coverage
Financial Considerations
- Tax Amount: $78,374
- Tax Year: 2025
- Terms: Conventional, Cash
Disclosures and Reports
- 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
- Inclusions: Building, Land, Leases
- Property ID: 252960020
Listed by eXp Realty
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Schools
Schools serving 5505 Cottonwood Ln SE
School District:Prior Lake-Savage Area Schools
| Name | Grades | Distance |
|---|---|---|
Hamilton Ridge Elementary School 8100 157th Street, Savage, MN 55378 | K-5 | 1.9 mi |
Hidden Oaks Middle School 15855 Fish Point Road, Prior Lake, MN 55372 | 6-8 | 1.1 mi |
Prior Lake High School 7575 150th Street West, Savage, MN 55378 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5505 Cottonwood Ln SE
Tax History
Tax History for 5505 Cottonwood Ln SE
Year
Property Taxes
Change
Tax Assessment
Change
2024
$78,654
20%
$2,995,400
—
2023
$65,660
-10%
$2,995,400
25%
2022
$72,868
-1%
$2,396,300
—
2021
$73,388
10%
$2,396,290
14%
2020
$66,658
—
$2,093,600
-13%
2020
$66,658
1%
$2,396,290
20%
2019
$65,826
—
$1,990,700
4%
2018
$65,510
-1%
$1,905,000
2%
2017
$65,916
-2%
$1,870,700
—
2016
$67,296
-3%
$1,870,700
—
2015
$69,646
6%
$1,870,700
10%
2014
$65,506
—
$1,700,000
—
2013
$65,346
—
$1,700,000
—
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 5505 Cottonwood Ln SE
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Sold by Mnstar Realty
5505 Cottonwood Lane SE, Prior Lake, MN 55372 (MLS# 7030374) is a Commercial property. 5505 Cottonwood Lane SE is currently listed for $2,500,000 and was received on March 03, 2026. Want to learn more about 5505 Cottonwood Lane SE? Do you have questions about finding other Commercial real estate for sale in Prior Lake? You can browse all Prior Lake real estate or contact a Coldwell Banker agent to request more information.