Listed at
$1,120,000

Lakeville Commerce Center

20830 Keokuk Avenue, Lakeville, MN, 55044
1.83  Acres
Days on market220
TypeLand
Est. $30,600buyer credit when you buy with SODL
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About this home

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.

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Home facts

Property typeLand
Lot size1.83 acres (381'x269'x300'x24'x42'x86'x86')
Days on market220
ListedFeb 20, 2026
MLS #NST7024234
CountyDakota
SubdivisionLakeville Commerce Center
Parcel #224434001033

Facts & features

Interior

Bathrooms
0

Property

Lot size
1.83 acres
Lot dimensions
381'x269'x300'x24'x42'x86'x86'
Road frontage
City Street
Road responsibility
Public Maintained Road
Parcel #
224434001033
Zoning
Business/Commercial

Construction

Property type
Land

Utilities

Utilities
Electricity Available, None Connected, Sewer Available, Storm Sewer Available, Water Available

Community & HOA

Subdivision
Lakeville Commerce Center
HOA
No HOA
School district
194 - Lakeville
High school district
Lakeville

Financial & listing details

Annual tax
$0 (2025)
Listed
Feb 20, 2026
Days on market
220
Inclusions
Other

Interior details

Total bathrooms0

Exterior & lot

Road frontageCity Street
Road responsibilityPublic Maintained Road
ZoningBusiness/Commercial

Utilities

Parking & garage

Financial details

Annual taxes$0
Tax year2025
Taxes w/ assessments0
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District194 - Lakeville
District number194
District phone9522322000
High schoolLakeville
SODL flat fee brokerage
$30,600Estimated buyer credit
SODL platform fee $3,000Your buyer credit $30,600

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$7,379/mo
Principal & interest$5,886
Property taxes (est.)$1,120
Home insurance (est.)$373
%
$224,000
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

20830 Keokuk Avenue, Lakeville, MN, 55044

Listing information

MLS #NST7024234
StatusActive
Last updatedMay 27, 2026, 5:28 PM
Originally listedFeb 20, 2026, 12:06 PM
Listing officeeXp Realty

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.