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Mixed-Use Project in Downtown
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56 E Broadway Ave, Forest Lake, MN

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

Space Size1,770 SF
Lot Size0.32 Acres
Days on Market672

Property Features for 56 E Broadway Ave

General Information

Standard status Active
Size 1,770 SF
Lot size 0.32 Acres
Property subtype RETAIL

Spaces For Lease

at 56 E Broadway Ave Contact us

The Plaza on the Lake

Floor
1
Size
1,770 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
• Mixed-Use Project Downtown Forest Lake • Visibility off Hwy 61 • 22,000-9,000...
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Listing Agency: Gaughan Companies
Listed By: Dan Hebert
Source: Moodyscre
Added: Oct 9, 2024 Changed: Aug 8 Last Checked: Aug 10 at 9:42AM

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 Gaughan Companies

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nail Salon Hair Salon 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

781
Businesses Nearby

Market

Vacancy Rate% for Retail in Midwest region

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

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 Call to check price and availability
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