955 W Broadway Ave Forest Lake, MN

This property features a fully staffed, owner-operated car wash, along with two rental spaces, offering an attractive investment opportunity. The property is situated in the desirable Forest Lake retail trade area. The underlying real estate presents a redevelopment opportunity. The property, built in 2001, is zoned B2 - Highway Business District. The building has 4,680 square feet of space on a 1.18-acre parcel. The 2025 tax is $23,374. The property benefits from its location in a local and regional trade area, just 2 blocks off I-35 at the Forest Lake exit, with high traffic counts and great visibility. It features two access points on West Broadway Avenue and First Avenue Northeast, placing it in the heart of the business district. Area tenants include Home Depot, Chipotle, Walmart Supercenter, Tires Plus, Northern Tool, Perkins, and Running Aces Casino, Hotel and Racetrack. The average household population within 1 mile is 3,223, within 3 miles is 12,795, and within 5 miles is 21,300. Average household income is $55,528 within 1 mile, $77,808 within 3 miles, and $78,262 within 5 miles. Traffic counts include 67,590 vehicles per day on I-35 and 24,665 vehicles per day on W Broadway Ave.