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Mixed-Use Office Building Corner Lot
For Sale
$800,000

179 Lake St S, Forest Lake, MN

Three-story office building offers nine suites with several currently vacant, plus new air conditioning and on-site parking.

Property SizeContact for details
Days on Market40

Property Features for 179 Lake St S

General Information

Standard status Active
Total Parking Spaces 10

Additional Details

Office Units 9

Taxes and HOA fees

Annual Taxes $3,202

Building Details

Stories 3
Tenancy Multi
Listing Agency: eXp Realty
Listed By: Shawn Augustine
Source: Exprealty
Added: Jul 16 Changed: Aug 23 Last Checked: Aug 22 at 10:28AM

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 eXp Realty

Investment Insights

Based on property information with market context.

Well-maintained three-story mixed-use office building on a prominent corner lot, offering nine office suites with approximately three currently vacant. The property is designed for professional office operations and includes recent improvements with a new $20,000 air conditioning system.

The building is described as being in the heart of downtown Forest Lake, just blocks from Forest Lake, and surrounded by restaurants, shops, and local amenities. Access is supported by ample on-site parking, with approximately 10 spaces.

For-sale as a versatile office property, it is suited for a range of professional uses including financial services, legal, insurance, consulting, and appointment-based medical or dental offices.

Key Highlights

  • Three‑story office building with nine office suites in downtown Forest Lake
  • Approximately three suites currently vacant—space available for owner‑occupant or expansion
  • New $20,000 air conditioning system (recent improvements)

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Locksmith Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Storage Facility 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

9
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

781
Businesses Nearby

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Three-story office building offers nine suites with several currently vacant, plus new air conditioning and on-site parking.
Where is this office building located?
The property is located at 179 Lake St S Forest Lake, MN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three‑story office building with nine office suites in downtown Forest Lake; Approximately three suites currently vacant—space available for owner‑occupant or expansion; New $20,000 air conditioning system (recent improvements)
More about this property
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