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    67 Lake St Forest Lake, MN 55025

    Sponsored
    For Sale
    Contact for pricing

    Three-building retail investment opportunity

    Property size:
    13,863 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-building retail portfolio, totaling 13,863 square feet, presents a compelling value-add investment opportunity in Forest Lake, Minnesota. Located on Lake Street South, this property boasts a prime location with excellent visibility and immediate access to I-35 E, ensuring high traffic flow. The portfolio comprises four units across three buildings, currently configured as a bank, pharmacy/drug store, and storefront spaces. The 0.639-acre lot is zoned for mixed-use development, unlocking significant redevelopment potential for future expansion or repurposing. This presents a rare chance to acquire a well-situated property in a developing area of Washington County, offering substantial upside for investors seeking a strong return on investment. The existing buildings are Class D, providing a solid foundation for renovation or redevelopment projects. The property's strategic location and flexible zoning make it ideal for a variety of uses, catering to both established businesses and new ventures. This portfolio offers a unique blend of immediate income potential and long-term growth prospects. The address encompasses 67, 79, and 91 Lake Street South, Forest Lake, MN 55025.

    Property Features for 67 Lake St

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,863 SF
    Class
    D
    Lot Size
    27,835 SF

    Building Details

    Buildings
    3
    Units
    4

    HighLights

    • Exceptional value‑add opportunity.
    • Significant redevelopment potential.
    • Prime location in a rapidly growing area.
    • Direct access to I‑35 E.
    • High visibility from major thoroughfare.
    • Mixed‑use zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Daycare Center Department Store Building Supply Wholesale 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
    -92.984706
    Latitude
    45.2782631

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    FAQs

    What type of property is this?
    Individual retail property - Three-building retail investment opportunity
    Where is this individual retail property located?
    The property is located at 67 Lake St Forest Lake, MN.
    What are key features of this property?
    This property features: Exceptional value-add opportunity.; Significant redevelopment potential.; Prime location in a rapidly growing area.
    Request Owner's contact information
    67 Lake St Forest Lake, MN 55025
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    Forest Lake, MN 55025
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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
    67 Lake St Forest Lake, MN 55025
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