955 W Broadway Ave Forest Lake, MN
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Car wash business and redevelopment opportunity in Forest Lake.
Type:RETAIL
Property size:
4,680 SFLot size:
0.64 AcresPrice / SF:
$192/SF- Added:
- Dec 5, 2022
- Days on Market:
- 1243
- Last Refresh:
- Apr 5 at 8:34 pm
Property Features for 955 W Broadway Ave
General Information
- Standard status
- Active
- Size
- 4,680 SF
- Lot size
- 0.64 Acres
- Property subtype
- RETAIL
Listing agent Lisa Christianson (952) 393-1212
Listing office Colliers (952) 393-1212
Listing date Dec 5, 2022
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers
Overview
Forest Lake Car Wash Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Forest Lake
- County
- Washington
- State
- Minnesota
- Longitude
- -92.9852
- Latitude
- 45.2789
Nearby Similar for Sale
FAQs
What type of property is this?
Car wash - Car wash business and redevelopment opportunity in Forest Lake.
Where is this car wash located?
The property is located at 955 W Broadway Ave Forest Lake, MN.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Redevelopment opportunity in a highly desirable retail trade area.; Existing car wash business provides immediate cash flow.; Strategic location just 2 blocks off I‑35 with high traffic counts and great visibility.
