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    20 Lake St Forest Lake, MN 55025

    For Sale
    Contact for pricing

    Prime .85-acre commercial lot in Forest Lake, MN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial land offering presents a rare opportunity to acquire two contiguous parcels totaling approximately 0.85 acres (36,850 square feet) in the heart of downtown Forest Lake, Minnesota. Strategically located directly off the roundabout, this property enjoys high visibility and accessibility, ensuring maximum exposure for any commercial venture. The combined parcels, identified as 20 Lake Street South (Parcel ID: 0803221130143) and 32 Lake Street South (Parcel ID: 0803221130144), offer significant development potential. The location within the vibrant downtown area provides easy access to local amenities, businesses, and a strong residential population. This prime real estate is ideal for a variety of commercial uses, making it an attractive investment for developers and entrepreneurs seeking a high-traffic location with excellent visibility. The property's size and central location make it a highly desirable asset in a growing community. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The address is 20-32 Lake Street South, Forest Lake, MN 55025. The property is conveniently located at latitude 45.278123 and longitude -92.9852391.

    Property Features for 20 Lake St

    General Information

    Property type
    Land

    HighLights

    • ~.85‑acre commercial land parcel in downtown Forest Lake, MN.
    • Located directly off the roundabout.
    • Two parcels included: 20 Lake St S and 32 Lake St S.
    • Totaling approximately 36,850 square feet.
    • Parcel IDs: 0803221130143 and 0803221130144.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -92.9852391
    Latitude
    45.278123

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    FAQs

    What type of property is this?
    Land - Prime .85-acre commercial lot in Forest Lake, MN
    Where is this land located?
    The property is located at 20 Lake St Forest Lake, MN.
    What are key features of this property?
    This property features: ~.85-acre commercial land parcel in downtown Forest Lake, MN.; Located directly off the roundabout.; Two parcels included: 20 Lake St S and 32 Lake St S.
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    20 Lake St 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
    20 Lake St Forest Lake, MN 55025
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