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    14XXX W Freeway Dr Forest Lake, MN 55038

    For Sale
    $599,000

    8.39 acres of development land with I-35 visibility.

    Property size:
    8 SF
    Lot size:
    8.39 Acres

    Property Features for 14XXX W Freeway Dr

    General Information

    Size
    8 SF
    Lot size
    8.39 Acres

    Source: Edward Rupp Agent Edward Rupp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Development Land I-35 Frontage

    This property consists of approximately 8.39 acres of prime development land located along I-35 near Forest Lake, MN. Situated at the confluence of I-35E and I-35W, the parcel is highly visible with frontage and potential for signage along I-35. Over 84,000 vehicles pass the site daily. The location is just north of the core Twin Cities and a few minutes from Forest Lake, MN, which offers dining, shops, and local amenities. The property is zoned Highway Commercial, allowing for a variety of developments and businesses. Water and sewer connections are readily available. The site is located approximately one mile from Running Aces Casino, Hotel & Racetrack and is under 30 miles from both downtown Saint Paul and downtown Minneapolis. Nearby businesses include Camping World and others. This property is suitable for retail, light industrial, or mixed-use development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Clothing Store Building Supply Auto Repair Shop Daycare Center Kitchen & Bath Wholesale Shop HVAC Service Cafe & Coffee Shop Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Lake
    County
    Washington
    State
    Minnesota
    Longitude
    -92.9662
    Latitude
    45.1696

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    FAQs

    What type of property is this?
    Commercial land - 8.39 acres of development land with I-35 visibility.
    Where is this commercial land located?
    The property is located at 14XXX W Freeway Dr Forest Lake, MN.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Prime development land with high visibility on I-35, seeing over 84,000 vehicles per day.; - Strategic location at the confluence of I-35E and I-35W, north of the Twin Cities.; - Flexible Highway Commercial Zoning allows for a wide variety of developments.
    (651) 492-0563
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    Realmo Value Estimation

    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.

    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.

    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
    14XXX W Freeway Dr Forest Lake, MN 55038
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