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Open-Plan Storefront
For Sale
$379,000

115 Lake Street N, Forest Lake, MN 55025

Commercial Sale, Forest Lake, MN

Property SizeContact for details
Days on Market171

Property Features for 115 Lake Street N

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Business/Commercial
Rooms Basement
Lot features Accessible Shoreline, Property Adjoins Public Land
High school district Forest Lake
Directions I35 to Forest Lake, go E on W Broadway to Lake Street, then North to Property
Standard status Active
APN 0803221120078

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6508

Utilities

Heating system Oil
Cooling system Central Air

Building Details

Year built 1914
Building materials Block, Brick, Frame
Roof type Shingle
Listing Agency: Keller Williams Integrity Realty · Keller Williams Realty
Listed By: Timothy O. Mogck
Added: Apr 24 Changed: Oct 8 Last Checked: Oct 11 at 1:06PM
MLS# 7061667

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.

Investment Insights

Based on property information with market context.

The storefront at 115 Lake Street N. has an open interior following demolition work. Built in 1914, the building features block, brick and frame construction, a shingle roof, oil heat, central air conditioning and a basement.

The property is adjacent to a public boat landing, Lakeside Park and Beach in Forest Lake.

Key Highlights

  • Open interior following demolition work
  • Built in 1914 with block, brick and frame construction
  • Oil heat and central air conditioning

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Locksmith Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

601
Businesses Nearby
Well-served
Demand for This Use

Demographics for 55025, MN

25,784
Population
10,522
Households
2.5
Avg Household Size
40
Median Age
36%
College-Educated
94%
High-School Grad
77.1 sq mi
ZIP Area
334
Density / Sq Mi
$95,993
Median Household Income
$51,041
Median Earnings
$1,355
Median Rent
$385,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Interior demolition has left an open area within the building.
Where is this storefront property located?
The property is located at 115 Lake Street N Forest Lake, MN.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Open interior following demolition work; Built in 1914 with block, brick and frame construction; Oil heat and central air conditioning
More about this property
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