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    56 E Broadway Ave Forest Lake, MN

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    For Lease
    Contact for pricing

    Lakefront mixed-use property with high visibility and boat access.

    Property size:
    1,770 SF
    Lot size:
    0.32 Acres

    Property Features for 56 E Broadway Ave

    General Information

    Size
    1,770 SF
    Lot size
    0.32 Acres

    Source: Gaughan Companies Agent Dan Hebert

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

    Overview

    Mixed-Use Project in Downtown

    This mixed-use project is located in downtown Forest Lake, offering visibility off Highway 61. Traffic counts reach 22,000 to 9,000 vehicles per day on Broadway Avenue and 19,000 vehicles per day on Highway 61. The property is situated on the lakefront, providing boat access and views. A neighboring park hosts recreational activities and weekly events. Gas and electric utilities are included in the CAM/Taxes. The location is in the heart of Forest Lake, an area experiencing economic growth and population expansion. Current tenants include Johnson and Turner Law, Allstate Insurance, La Grande Salon, and Gaughan Companies. The property size is 1,770 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Realty agency Spa & Massage Hotel & Motel Hair Salon Clothing Store Auto Repair 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
    -92.9852183
    Latitude
    45.2788561

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    FAQs

    What type of property is this?
    Retail space - Lakefront mixed-use property with high visibility and boat access.
    Where is this retail space located?
    The property is located at 56 E Broadway Ave Forest Lake, MN.
    What are key features of this property?
    This property features: - Lake Front Property with Boat Access and Amazing Views; - High Visibility off Hwy 61; - Located in the Heart of Forest Lake with its Large Economic Growth and Expanding Population
    (651) 255-5558
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    56 E Broadway Ave Forest Lake, MN
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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
    56 E Broadway Ave Forest Lake, MN
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