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5116 Gateway Street SE, Prior Lake, MN 55372

$4,100

Former Montessori School offering flexible space for Childcare, Retail, Office or Studio

5116 Gateway Ave street view to upper units

Property Type: Commercial Lot Size (sq. ft.): 50,530 Status: Closed

Current Price: $4,100 List Date: 1/08/2025 Last Modified: 4/24/2026

Overview

Description

C2 General Business zoned highway frontage space for lease. 2306 sq. ft. with two restrooms, 1 office and the remainder as open space. Nice Class B building with lots of windows facing Highway 13. Professional building with medical and office users. Permitted uses include retail, office, medical and showrooms. In addition to the permitted uses, Prior Lake allows many conditional uses. Available now as previous tenant retired after 27 years from a Montessori School.

Listing Details MLS# 6646225

General Property Information

Lot Measurement: Acres
Management Company Name: Owner
Multiple PIDs?: No
Other Parking Spaces: 10
Year Built: 1997
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 5315
Power Company: Xcel Energy
For Sale or Lease: For Lease
Acres: 1.16
Lot Dimensions: 317x167x93x360x40
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: Doors 36"+; Fully Wheelchair; Grab Bars In Bathroom Air Conditioning: Central Air CMU Style: Office Construction Materials: Block; Brick; Concrete Construction Status: Previously Owned Current Use: Business Service; Commercial; Office; Professional Service; Retail; Wholesale Existing Financing: Other Exterior: Brick/Stone Fencing: Wood Flooring: Carpet; Concrete Slab; Vinyl/Linoleum Fuel: Natural Gas Heating: Forced Air Lease Details: Gross Loan Terms: Other Location Description: Free Standing; Other/See Remarks Lock Box Type: Combo Lot Description: Irregular Lot; Tree Coverage - Light Miscellaneous Information: Building Sign On Site Utilities: Electric Separate Parking Characteristics: Parking Lot Potential Use: Office; Professional; Retail Rent Rate per Foot: Gross; Per Month Road Frontage: City Street; Highway Roof: Age Over 8 Years Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Janitorial Service Wall Description: Concrete/Block; Drywall; Finished Water: City Water/Connected Window Features: Aluminum Frames

Contract Information

Off Market Date: 2025-04-23
Closed Date: 2025-04-17
Sales Close Price: 4100
Original List Price: 4100
Contingency: None
ListPrice: 4100
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 5116
Street Name: Gateway
Street Suffix: Street
Street Direction Suffix: SE
Postal City: Prior Lake
County: Scott
State: MN
Zip Code: 55372

Assessments

Tax With Assessments: 56770
Assessment Balance: 0

Basement

Foundation Dimensions: 5315

More Information

Building Information

Building Finished SqFt: 10630
Building SqFt: 10630
Ceiling Height: 8-10

Lease Details

Land Leased: Not Applicable
Lease Amount Type: Monthly
Gross: Yes

Miscellaneous Information

Homestead: No
Building Sign: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 22
Section#: 36
Township#: 115

Sale Options

Sale Includes: Other

Unit Details

Total Units: 6

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: SECTION 36 TOWNSHIP 115 RANGE 022 THAT PART OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 36, TOWNSHIP 115, RANGE 22, SCOTT COUNTY, MINNESOTA DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID SOUTHWEST QUARTER OF THE SOU THWEST QUARTER, THENCE NORTH 89 DEGREES 44 MINUTES 21 SECONDS EAST, ASSUMED BEARING ALONG THE SOUTH LINE OF SAID SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER, A DISTANCE OF 393.00 FEET, TO A POINT HEREINAFTER REFERRED TO AS POINT A, THENCE NORTH 00 DE G REES 15 MINUTES 39 SECONDS WEST, AT RIGHT ANGLES TO SAID SOUTH LINE, A DISTANCE OF 173.00 FEET, THENCE NORTH 89 DEGREES 44 MINUTES 21 SECONDS EAST, PARALLEL WITH SAID SOUTH LINE, A DISTANCE OF 717.34 FEET, MORE OR LESS, TO A POINT 200.00 FEET
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: 1286
Property ID Number: 259360122
Tax Year: 2024
Tax Amount: 56770
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: C2 General Business zoned highway frontage space for lease. 2306 sq. ft. with two restrooms, 1 office and the remainder as open space. Nice Class B building with lots of windows facing Highway 13. Professional building with medical and office users. Permitted uses include retail, office, medical and showrooms. In addition to the permitted uses, Prior Lake allows many conditional uses. Available now as previous tenant retired after 27 years from a Montessori School.
Directions: Highway 13 to Franklin Trail S to Gateway W to building.

Accessible

Doors 36"+: Yes
Fully Wheelchair: Yes
Grab Bars In Bathroom: Yes

Air Conditioning

Central Air: Yes

Construction Materials

Block: Yes
Brick: Yes
Concrete: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Other: Yes

Exterior

Brick/Stone: Yes

Fencing

Wood: Yes

Flooring

Carpet: Yes
Concrete Slab: Yes
Vinyl/Linoleum: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Combo: Yes

Lot Description

Irregular Lot: Yes
Tree Coverage - Light: Yes

Parking Characteristics

Parking Lot: Yes

Road Frontage

City Street: Yes
Highway: Yes

Roof

Age Over 8 Years: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Wall Description

Concrete/Block: Yes
Drywall: Yes
Finished: Yes

Water

City Water/Connected: Yes

Window Features

Aluminum Frames: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Janitorial Service: Yes

On Site Utilities

Electric Separate: Yes

CMU Style

Office: Yes

Current Use

Business Service: Yes
Commercial: Yes
Office: Yes
Professional Service: Yes
Retail: Yes
Wholesale: Yes

Loan Terms

Other: Yes

Location Description

Free Standing: Yes
Other/See Remarks: Yes

Potential Use

Office: Yes
Professional: Yes
Retail: Yes

Rent Rate per Foot

Gross: Yes
Per Month: Yes

Listing Office: Edina Realty, Inc.

Last Updated: April - 24 - 2026

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