20830 Keokuk AvenueLakeville, MN 55044
$1.12 million
1.83 acre lot
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.
Home facts
- Home type
- Land and lot
- Style
- Other
- Lot
- 1.83 acres
- Listed
- February 20, 2026
- MLS number
- 7024234
Listing courtesy of eXp Realty (Bonnie H. Nguyen). MLS #7024234.
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How it compares
20830 Keokuk Avenue, Lakeville, MN 55044 is a lot, listed for $1.12 million on February 20, 2026 by eXp Realty. That is in the upper quarter of the 14 land and lots for sale in Lakeville right now (median $387,000).
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Lakeville community guideSchools, commutes, parks, home values and local stories.
- Lakeville housing market, September 2026Homes sold for a median $510,000 over 12 months (+2.0%), 58 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026). Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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