Inside One of Minneapolis's Best Suburbs: Shakopee MN

Jason Huerkamp · Living in MinneapolisMay 29, 202638:02712 views

About this video

Shakopee is quickly becoming one of the fastest-growing suburbs in the Twin Cities, offering affordable housing, entertainment, parks, trails, and major new development. In this driving tour, we explore neighborhoods, downtown Shakopee, Lake O’Dow, Canterbury Park, new construction, and what makes this suburb stand out.

Key takeaways

A spring 2026 driving tour of Shakopee, one of the metro's oldest river towns and now one of its busiest for new building permits. Highway 169 runs through the middle, so you're never more than a few minutes from it.
Attractions: Valleyfair (celebrating its 50th year), Canterbury Park (horse racing and a 24/7 card casino), the new 19,000-seat Mystic Lake Amphitheater next door (the largest in Minnesota) and Murphy's Landing, a free living-history village on the Minnesota River with an 1844 Faribault house.
Around the amphitheater: about 1,000 new apartments, restaurants and Badger Hill Brewing. Historic downtown along Highway 101 has been revitalized, with older homes (late 1800s to about 1960, roughly 1,500 to 2,500 square feet) from the high $200,000s to mid-$400,000s.
Prices as stated in the video: mid-1990s townhomes about $225,000 to $280,000, existing single-family homes mostly in the mid-$300,000s to mid-$500,000s, and new construction townhomes from the low to mid-$300,000s and single-family homes from the low $500,000s to about $900,000. Homes on Lake O'Dowd, the city's only full recreational lake, run from about $800,000 to several million.
More than 70 miles of trails, 35 parks and a community center with an ice rink, indoor pool and fitness center. St. Francis Regional Medical Center is the largest hospital in the southwest metro.
About 20 to 25 minutes to MSP Airport, 25 to 30 minutes to downtown Minneapolis and about 35 to downtown Saint Paul. The Shakopee Mdewakanton Sioux Community is restoring prairie land, complete with bison.

Questions this video answers

How big is the new amphitheater in Shakopee?

About 19,000 seats, the largest amphitheater in Minnesota, next to Canterbury Park, according to the video.

Is there a lake in Shakopee?

Lake O'Dowd is Shakopee's only full recreational lake, known for bass fishing, with homes from about $800,000 to several million dollars at the time of the video.

How far is Shakopee from Minneapolis?

About 25 to 30 minutes to downtown Minneapolis, about 35 minutes to downtown Saint Paul and 20 to 25 minutes to MSP Airport, depending on traffic.

Notes written by Huerkamp Home Group from this video. Figures are as stated in the video on May 29, 2026; check the current numbers in our market reports.