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1 Premier Drive, Long Lake, MN 55356

$3,200,000

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Property Type: Commercial Lot Size (sq. ft.): 60,548 Status: Active

Current Price: $3,200,000 List Date: 11/20/2025 Last Modified: 5/27/2026

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
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
Garage Stalls: 0

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: 3200000
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
Assessment Balance: 0

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
Building Sign: Yes
Delivery Door: Yes
Exterior Lighting: Yes
Overhead Doors: Yes
Three Phase: Yes

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

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 002 SHAUGHNESSY CIRCLE LOTS 1 AND 2
Listing City: Long Lake
Map Page: 103
Municipality: Long Lake
School District: Orono
School District Phone: 952-449-8305
Zip Plus 4: 5400
Property ID Number: 3411823240067
Tax Year: 2025
Tax Amount: 51451.76
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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
Directions: 1 block south of Wayzata Boulevard in Long Lake's industrial park. Located across the street from the post office.

Accessible

Doors 36"+: Yes
Hallways 42"+: Yes

Air Conditioning

Zoned: Yes

Amenities Shared

Fire Sprinkler System: Yes

Assumable Loan

Yes w/ Qualifying: Yes

Construction Materials

Block: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Other: Yes

Exterior

Block: Yes

Flooring

Carpet: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes
Radiant: Yes
Zoned: Yes

Internet Options

Cable: Yes
Fiber Optic: Yes
Satellite: Yes

Lot Description

Corner Lot: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Heat: Yes
Insurance: Yes
Janitorial Service: Yes
Lawn: Yes
Maintenance/Repair: Yes
Repairs: Yes
Roof Maintenance: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Paved Lot: Yes
Uncovered/Open: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Flat: Yes
Rubber: Yes

Sewer

City Sewer/Connected: Yes

Topography

Level: Yes

Wall Description

Concrete/Block: Yes

Water

City Water/Connected: Yes

Tenant Pays

Telephone: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Freestanding: Yes
Industrial: Yes
Warehouse: Yes

Current Use

Commercial: Yes
Industrial: Yes
Manufacturing: Yes
Warehouse: Yes

Loan Terms

Assumable: Yes
Cash: Yes
Conventional: Yes
Other: Yes

Location Description

Industrial Park: Yes

Potential Use

Income: Yes
Industrial: Yes
Warehouse: Yes

Rent Rate per Foot

Gross: Yes

Listing Office: Keller Williams Premier Realty Lake Minnetonka

Last Updated: May - 27 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.