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    555 W Broadway Ave Forest Lake, MN

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    For Sale
    $2,745,000

    Multitenant retail center in the Broadway Business district.

    Property size:
    12,480 SF
    Lot size:
    0.34 Acres

    Property Features for 555 W Broadway Ave

    General Information

    Size
    12,480 SF
    Lot size
    0.34 Acres

    Source: Metro East Commercial Real Estate Agent Jon Whitcomb

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

    Overview

    Broadway Business Center Retail Space

    The offering is Broadway Business Center, a multitenant retail center situated in the center of the Broadway Business district. The property has a size of 12480 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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?
    Shopping center - Multitenant retail center in the Broadway Business district.
    Where is this shopping center located?
    The property is located at 555 W Broadway Ave Forest Lake, MN.
    What is the asking price?
    The asking price for this property is $2,745,000.
    What are key features of this property?
    This property features: - Prominent multitenant retail center.; - Located in the center of the Broadway Business district.
    (651) 351-5130
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    555 W Broadway Ave Forest Lake, MN
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    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
    555 W Broadway Ave Forest Lake, MN
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