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    1500 Lake St Forest Lake, MN 55025

    For Lease
    $16 SF/Yr ($19,889 /Mo)

    Forest Lake retail space, multiple units available.

    Lot size:
    14,917 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Northland Plaza, located at 1500 Lake St S, Forest Lake, MN 55025, offers prime retail space for lease. This 14,917 square foot commercial property, built in 1995, sits on a 3.29-acre lot (APN: 1703221130026) and currently has 2,615 square feet of vacant space available. The property is ideal for multiple tenants, with individual units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 1,415 square feet. The flexible layout allows for various business configurations. This well-located property provides excellent visibility and accessibility for customers. Its strategic placement in Forest Lake, Minnesota, offers a strong potential for business growth and success. The property's age suggests established infrastructure and potential for cost-effective operation. Interested parties are encouraged to inquire about lease terms and availability for these versatile retail spaces. The property's size and location make it an attractive opportunity for businesses seeking a prominent presence in the Forest Lake market. Don't miss this chance to secure your ideal retail space in this thriving community.

    Property Features for 1500 Lake St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,917 SF
    Total Rate
    19889.33

    Building Details

    Year Built
    1995

    Unit(s) available at that property

    Space
    Retail: 103
    Size
    1,200 SF
    Rate per SF
    $16
    Space
    Retail: 107
    Size
    1,415 SF
    Rate per SF
    $16

    HighLights

    • Recently renovated.
    • High‑traffic Friar Tuck's Bar & Grill anchors the center.
    • Strong lunch and dinner traffic.
    • Excellent access from Hwy 61, serving Columbus, Scandia, and Hugo.
    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
    -92.9846307
    Latitude
    45.263981

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    FAQs

    What type of property is this?
    Retail property - Forest Lake retail space, multiple units available.
    Where is this retail property located?
    The property is located at 1500 Lake St Forest Lake, MN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Recently renovated.; High-traffic Friar Tuck's Bar & Grill anchors the center.; Strong lunch and dinner traffic.
    Request Owner's contact information
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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
    1500 Lake St Forest Lake, MN 55025
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