4636 Colorado Street SE, Prior Lake, MN 55372

Property Type: Commercial Lot Size (sq. ft.): 6,098 Status: Active
List Date: 5/14/2026 Last Modified: 5/27/2026

Overview

Description

Position your business for success in the heart of downtown Prior Lake. This first- or second-floor commercial space offers a flexible layout ideal for retail, office, or service-based users in one of the area’s fastestgrowing and most vibrant communities. The property is anchored by the highly anticipated Chula’s Mexican-Latin Food & Spirits, an exciting new restaurant bringing a unique dining experience, handcrafted cocktails, and strong destination traffic to downtown Prior Lake. In addition, the neighboring dance studio generates consistent daily foot traffic from students, families, and visitors, creating added visibility and exposure for tenants. Combined with strong area traffic, excellent frontage, and convenient access to Minneapolis, Saint Paul, and Mystic Lake Casino Hotel, this location offers exceptional synergy and energy for businesses looking to establish or expand in a high-demand market.

Listing Details MLS# 7072438

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
5
Waterfront Present
No
Year Built
2026
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
4634
For Sale or Lease
For Lease
Acres
0.14
Lot Dimensions
148' x 116'
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: Other Air Conditioning: Central Air Amenities Shared: Elevator(s) CMU Style: Common Wall; Office; Retail/Shopping Center Construction Status: Completed New Construction Current Use: Commercial; Office; Retail Exterior: Brick Veneer Foundation: Concrete Block Fuel: Propane Heating: Forced Air Lease Details: Triple Net Loan Terms: Cash; Conventional Location Description: Downtown Miscellaneous Information: Building Sign On Site Utilities: Electric Separate; Heating Separate Road Frontage: City Street Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected Window Features: Skylight(s)

Contract Information

Contingency
None
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
4636
Street Name
Colorado
Street Suffix
Street
Street Direction Suffix
SE
Postal City
Prior Lake
County
Scott
State
MN
Zip Code
55372
Complex/Dev/Subdivision
City Of Prior Lake

Assessments

Tax With Assessments
4732
Assessment Balance
0

Building Information

Building Finished SqFt
9004

More Information

Lease Details

Land Leased
Not Applicable
Lease Amount Type
Monthly
Triple Net
Yes

Miscellaneous Information

Homestead
No
Building Sign
Yes

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Total Rooms
Yes
Level
Main Level
Unit Total SqFt
896
Leased?
No

Unit 2

Leased?
No
Level
2nd Level
Total Rooms
Yes
Unit Number
2
Unit Total SqFt
1823

Unit Details

Total Units
2

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
SUBDIVISIONNAME CITY OF PRIOR LAKE LOT 011 BLOCK 013 SUBDIVISIONCD 25001 & E 28' OF LOT 12
Listing City
Prior Lake
Map Page
161
Municipality
Prior Lake
School District
Prior Lake-Savage Area Schools
School District Phone
952-226-0000
Zip Plus 4
3990
Property ID Number
250011020
Tax Year
2025
Tax Amount
4732
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Position your business for success in the heart of downtown Prior Lake. This first- or second-floor commercial space offers a flexible layout ideal for retail, office, or service-based users in one of the area’s fastestgrowing and most vibrant communities. The property is anchored by the highly anticipated Chula’s Mexican-Latin Food & Spirits, an exciting new restaurant bringing a unique dining experience, handcrafted cocktails, and strong destination traffic to downtown Prior Lake. In addition, the neighboring dance studio generates consistent daily foot traffic from students, families, and visitors, creating added visibility and exposure for tenants. Combined with strong area traffic, excellent frontage, and convenient access to Minneapolis, Saint Paul, and Mystic Lake Casino Hotel, this location offers exceptional synergy and energy for businesses looking to establish or expand in a high-demand market.
Directions
Take Hwy 13 to Dakota Trail. Head east on Dakota Trail, then turn right onto Colorado St SE. Follow the road as it curves; your destination will be on the right. This route avoids heavy local traffic and is the most direct way to the property.

Accessible

Other
Yes

Air Conditioning

Central Air
Yes

Amenities Shared

Elevator(s)
Yes

Construction Status

Completed New Construction
Yes

Exterior

Brick Veneer
Yes

Foundation

Concrete Block
Yes

Fuel

Propane
Yes

Heating

Forced Air
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Window Features

Skylight(s)
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes

CMU Style

Common Wall
Yes
Office
Yes
Retail/Shopping Center
Yes

Current Use

Commercial
Yes
Office
Yes
Retail
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Location Description

Downtown
Yes
IDX
Listing Office: eXp Realty
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.
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