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Commercial Land for Sale in Lakeville, Minnesota

20830 Keokuk Ave, Lakeville, MN 55044

$1,120,000
1.83 acres
Active
ago
Est $8,624/mo

Located in the heart of Lakeville, 20880 Keokuk Ave offers a rare opportunity to invest in one of the fastest-growing communities in the south metro.

Positioned along a well-traveled corridor, this site provides excellent visibility and convenient access to major transportation routes, including Interstate

35.

The City of Lakeville envisions a multi-tenant commercial building at this location--such as a sandwich shop, coffee shop, boutique retail, serviceoriented businesses, or a medical office--designed to serve the growing surrounding community. To enhance development potential, the City is willing to work with a prospective buyer to relocate the existing stormwater treatment area, currently positioned at the rear of the property near the highway, beneath a future parking lot. This flexibility would significantly increase the site's buildable area and overall design efficiency. The property is zoned C-3, General Commercial and includes electrical service, sanitary sewer, water, and storm sewer utilities all stubbed to the property.

With strong visibility, monument signage along Keokuk Avenue and Interstate

35, and a cooperative, business-friendly municipality, this site presents a strategic and forward-thinking development opportunity in a highly desirable Lakeville location.

Location

Street address
20830 Keokuk Ave
Community
Lakeville Commerce Center
Elevation
1,068 feet
Coordinates
44.6472, -93.2976

Directions

Located in Lakeville just east of Interstate 35. Take I-35 to the County Road 50 exit, head east on County Road 50, then turn south onto Keokuk Avenue. Property is located along Keokuk Avenue with direct frontage and visibility from the main corridor.

Property details

Acreage
1.83 acres
Zoning
Business/Commercial
MLS #
RMLS 7024234
Posted

Parcels

  • 224434001033

Legal description

Listing history

DateEventPriceChangeSource
Feb 20, 2026New listing$1,120,000RMLS
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This 1.83-acre property is located at 20830 Keokuk Ave in Lakeville, MN 55044. The property is available for sale for $1,120,000 with a price per acre of $612,022.

Checked 2 hours ago — Updated

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