Prairie Lakes Corporate Center I
Prime Commercial Building For Sale on 8+ Lakeside Acres in Eden Prairie, MN
Marketing description
CBRE is pleased to present qualified investors and owner-user occupiers the opportunity to acquire Prairie Lakes Corporate Center I (the "Property"), a well-located 130,645 square foot, 6-story office building in Eden Prairie, Minnesota. The Property offers an unmatched lakeside location and expansive lake views and sits on over 8 acres. The building has an expansive parking field and enclosed executive/underground parking and is protected from street visibility via a well-incorporated, beautiful berm. Located just off I-494 and steps away from the bustling Eden Prairie Center, both tenants and their clients have easy access to various dining, shopping, and entertainment options. Prairie Lakes Corporate Center I boasts a full amenity package, iconic Minnesota lakeside grounds, fully equipped gym, cafe infrastructure, 40 climate controlled executive parking stalls, and has been owned by one of the market's most renowned developers and operators. The building comes with approximately 8 acres and is an ideal fit for an investor or owner-user or alternative use.
Investment highlights
- 130,645 SF office building to be delivered vacant as of January 2027. (currently is NOI and cash flow positive, so closing sooner is benefit to buyer)
- Exceptional Accessibility: Prairie Lakes Corporate Center I has a prime Eden Prairie location adjacent to Eden Prairie Center with excellent access and visibility from I-494 and Prairie Center Drive. Just 4 minutes to the north, I-494 is traveled by over 102,000 vehicles per day and provides access to the Twin Cities' major transportation thoroughfare, with the Minneapolis- St. Paul International Airport a short 20-minute drive
- Dynamic, Amenity-Rich Eden Prairie Location: Eden Prairie Center less than 1-mile; 40+ dining options within a 3-mile radius; 20+ hotels within a 5-mile radius
- Functional 6-story office building constructed in 1981 with fitness center, complimentary shared conference room, and ample parking including 40 executive underground climate controlled, parking spaces
- 8.07 acre site size (estimated per approved lot subdivision) in Eden Prairie business district
- Potential for over 170+ units of multi family or townhomes but ownership prefers a short diligence period
- Annual 2026 expenses of approx. $1,144,450; $8.76 PSF
- Electronic CA: https://www.cbredealflow.com/buyer/agreement?pv=JFXOTOGNoAhJCp9i5yuo7WoxhWmJxVOHsGwXRCbNIxzNTDoHrmQmjnjf0WHN4IUr
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