Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    34x 3 Ave NW Forest Lake, MN 55025

    Sponsored
    For Sale
    $138,500

    Lots & Land - Forest Lake, MN

    Lot size:
    0.42 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 31 at 11:06 pm

    Property Features for 34x 3 Ave NW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Single Family
    APN
    TBD
    Lot size
    0.42 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Stephen K. Hursh

    LaBelle Real Estate Group (651) 705-0166

    Listing agent Stephen K. Hursh (651) 705-0166

    Listing date Jan 30, 2026

    MLS# 7013927 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Forest Lake

    This 0.42-acre lot is one of four newly created prime lots situated within a long-established neighborhood in Forest Lake. The lots were created from a larger parcel owned by the same family for decades. Identified as Parcel A-4 on the survey, the property features high ground with light tree cover, including mature oaks and spruce trees. Its location offers convenient access to downtown Forest Lake, the Hardwood Creek Trail, and I-35.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Daycare Center Department Store Building Supply Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forest Lake
    County
    Washington
    State
    Minnesota
    Longitude
    -92.98805127
    Latitude
    45.28263648

    Nearby Similar for Sale

    • $150,000
      0.02 Acres

      Affordable Office Space on Highway

      Office space with private offices and conference room available for sale.
      255 Highway Dr, Forest Lake, MN 55025
      View Details
    • $695,000
      0.60 Acres

      Mixed-Use Commercial Property For Sale

      Highly visible property with recent improvements and convenient highway access.
      1910 Lake St S, Forest Lake, MN 55025
      View Details
    • $690,000
      8,430 SF

      Profitable Liquor Store Business

      Established liquor store business for sale in Forest Lake, Minnesota.
      1107 Lake St S, Forest Lake, MN 55025
      View Details
    • $899,000
      4,680 SF

      Forest Lake Car Wash Opportunity

      Car wash business and redevelopment opportunity in Forest Lake.
      955 W Broadway Ave, Forest Lake, MN
      View Details
    • $120,000

      Profitable Muffler Business For Sale

      Profitable muffler business for sale with consistent revenue.
      Business For Sale, Forest Lake, MN
      View Details
    • $2,100,000
      32,487 SF

      Industrial Property with Outdoor Storage

      Functional industrial property with loading doors and outdoor storage potential.
      1391 11 Ave SW, Forest Lake, MN
      View Details
    • Contact for pricing
      13,863 SF

      Retail Portfolio in Developing Area

      Three-parcel retail portfolio with redevelopment potential and highway access.
      67-91 Lk St S, Forest Lake, MN
      View Details
    • Contact for pricing
      4,070 SF

      Retail Property Near I-35

      Retail property with high traffic and easy highway access.
      108 SW 12 St, Forest Lake, MN
      View Details
    • $998,000
      7,331 SF

      Forest Lake Office Building For Sale

      Office building for sale near Running Aces in Forest Lake.
      15252 W Freeway Dr NE, Forest Lake, MN
      View Details
    • $289,000
      1,800 SF

      Office Condo at Schilling Plaza

      Office condo for sale with highway frontage and exposure.
      255 Scandia Trl N, Forest Lake, MN
      View Details
    • $2,745,000
      12,480 SF

      Broadway Business Center Retail Space

      Multitenant retail center in the Broadway Business district.
      555 W Broadway Ave, Forest Lake, MN
      View Details
    • Contact for pricing
      13,863 SF

      Lake Street Retail Portfolio

      Three-building retail investment opportunity
      67 Lake St, Forest Lake, MN 55025
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime residential lot in established Forest Lake neighborhood.
    Where is this residential land & home lot located?
    The property is located at 34x 3 Ave NW Forest Lake, MN.
    What is the asking price?
    The asking price for this property is $138,500.
    What are key features of this property?
    This property features: - Prime lot in a long-established neighborhood within the City of Forest Lake.; - Bring Your Own Builder - enjoy the flexibility to customize your home.; - All high ground, ensuring a stable building site.
    (651) 705-0166
    Request Owner's contact information
    34x 3 Ave NW Forest Lake, MN 55025
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    34x 3 Ave NW
    Forest Lake, MN 55025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34x 3 Ave NW Forest Lake, MN 55025
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stephen K. Hursh
    (651) 705-0166
    Learn more
    Google sign-in failed. Please try again or use another login method.