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20830 Keokuk Ave

$1,120,000

20830 Keokuk Ave, Lakeville, MN 55044

Active
Last Updated: 03/06/2026

19,611 sqft

Building Size

2.7381 acres

Lot Area

Details:
Building Size:    19,611 sqft
Lot Area:    2.7381 acres
Year Built:    2021
Highlights:
  • ✔ C-3 zoning (broad commercial flexibility)
  • ✔ Utilities stubbed = lower upfront cost
  • ✔ Stormwater complete = huge development advantage
  • ✔ Monument signage on both Keokuk + I-35
  • ✔ Located in growing Lakeville trade area
Description:

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, service-oriented 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.

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.

Strategically located in the heart of Lakeville, 20880 Keokuk Ave offers a strong commercial opportunity with excellent visibility and convenient access to Interstate 35. Positioned within a growing trade area and surrounded by established residential neighborhoods and thriving businesses, this site benefits from steady traffic counts and strong local demographics. Ideal for a variety of commercial development uses, this property presents a prime opportunity in one of the south metro’s fastest-growing communities.

The property is zoned C-3, General Commercial and includes electrical service, sanitary sewer, water, and storm sewer utilities all stubbed to the property. All stormwater treatment requirements have been met with the existing stormwater treatment ponds constructed on the site. The property also includes commercial monument signage along Keokuk Avenue and Interstate-35, available for use by the future property owner.

Map:
Documents:
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20830_Keokuk_Ave__Lakeville__MN_55044.pdf
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20830_Keokuk_Ave__Lakeville__MN_55044.pdf
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