255 Hwy 97 Forest Lake, MN 55025
Versatile 1,464 SF unit ideal for office, retail, or medical.
- Added:
- Apr 23, 2026
- Days on Market:
- 81
- Last Refresh:
- May 8 at 3:27 am
Property Features for 255 Hwy 97
General Information
- Standard status
- Active
- Size
- 1,464 SF
- Property subtype
- OFFICE
Listing office Essence Real Estate Services Inc. (651) 341-5044
Listing date Apr 23, 2026
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 Essence Real Estate Services Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- High traffic and visibility with terrific access to Hwy.97 and Hwy.61 (Forest Blvd.)
- Rare main level corner unit
- Ideal for office, retail, service or medical
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $24.96 |
| − Vacancy | −$9.5k | −$6.46 |
| EGI | $27.1k | $18.50 |
| − OpEx | −$6.8k | −$4.62 |
| NOI | $20.3k | $13.87 |
