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    14925 Hornsby St Forest Lake, MN 55025

    Sponsored
    For Sale
    $1,500,000

    Prime commercial build site, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 20.47-acre commercial land parcel in Forest Lake, Minnesota, presents a unique opportunity for development. Located at 14925 Hornsby St NE, 55025, Anoka County, this property boasts high visibility and easy access. Utilities are readily available, with water and sewer at the roadside and natural gas on-site. Currently zoned for agricultural use, the zoning will be changed to commercial upon sale, resulting in a tax reassessment. Existing buildings are in the process of being removed, but their removal can be negotiated if a buyer wishes to retain them. The property allows for significant outside storage, up to 150% of any new building's square footage (e.g., a 50,000 sq ft building could have 75,000 sq ft of outside storage). Any such storage must be appropriately screened or fenced. This is an ideal location to construct a new commercial building, offering ample space and excellent infrastructure. All information is believed to be accurate but is not guaranteed. The asking price is $1,500,000.

    Property Features for 14925 Hornsby St

    General Information

    Property type
    Land
    Lot Size
    871,200 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Forest Lake
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.021706
    Latitude
    45.2406239

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    FAQs

    What type of property is this?
    Land - Prime commercial build site, high visibility.
    Where is this land located?
    The property is located at 14925 Hornsby St Forest Lake, MN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    14925 Hornsby 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
    14925 Hornsby St Forest Lake, MN 55025
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