Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Forest Lake Shoreline Development Opportunity Title is generated by Realmo AI

    Xxx Iverson Avenue N, Forest Lake, MN 55025

    View on Map
    Claim this Listing
    For Sale
    $769,000

    Lots & Land - Forest Lake, MN

    Lot size:
    14.55 Acres
    Added:
    Jul 24, 2025
    Days on Market:
    307
    Last Refresh:
    May 26 at 7:06 pm

    Property Features for Xxx Iverson Avenue N

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Lot,Shoreline
    Standard status
    Active
    APN
    1403221430001
    Lot size
    14.55 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    604

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rick Clark

    Listing agent Rick Clark

    Listing office Bridge Realty, LLC 1101 EAST 78TH STREET, Bloomington, MN

    Listing date Jul 24, 2025

    MLS# 6760969 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Nearly 15 acres on Forest Lake with 90 feet of shoreline.
    • Three potential homesites: one lakefront and two wooded upland sites.
    • Opportunity to create a family retreat or develop for resale.
    • City sewer available in the street.
    • Zoning allows for attached accessory apartments for each house.
    • Deeded lake access and dedicated dock slip possible for non‑lakefront homes.

    Overview

    This property offers nearly fifteen acres on the shores of Forest Lake. The land is suitable for a generous lake-front homesite with approximately ninety feet of shoreline, plus two wooded upland sites accessible from paved Iverson Avenue. The two non-lakefront home sites could include deeded lake access with a dedicated dock slip. City sewer is available in the street, while wells will need to be installed. A certified wetland delineation report and map are available. Current zoning allows each house to add an attached accessory apartment for multigenerational living, guest space, or potential rental income. The property presents opportunities to retain the lake pad and sell the back lots, create a three-home family retreat, or develop the trio for resale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Forest Lake
    County
    Washington
    State
    Minnesota
    Longitude
    -93.0169
    Latitude
    45.2627

    Nearby Similar for Sale

    • $599,000

      Prime Commercial Investment Opportunity

      Well-located, fully leased commercial property in Forest Lake, Minnesota.
      167 Lake Street N, Forest Lake, MN 55025
      View Details
    • $690,000
      8,430 SF

      Profitable Liquor Store Business

      Established liquor store business for sale in Forest Lake, Minnesota.
      1107 Lake Street S, Forest Lake, MN 55025
      View Details
    • $379,000

      Prime Retail/Office Building in Forest Lake

      Open space in prime retail/office area near Lakeside Park.
      115 Lake Street N, Forest Lake, MN 55025
      View Details
    • $125,000

      Land in Downtown Forest Lake

      Land with visibility and access, suitable for office or retail.
      134 Lake Street N, Forest Lake, MN 55025
      View Details
    • $219,900

      Acreage in Forest Lake

      Open builder acreage, minutes from town, close to lake.
      Imperial, Forest Lake, MN 55025
      View Details
    • $2,745,000
      12,480 SF

      Broadway Business Center Retail Space

      Multitenant retail center in the Broadway Business district.
      555 W Broadway Ave, Forest Lake, MN
      View Details
    • $699,000

      Prime Land in Forest Lake

      3+ acres of commercial land with high traffic visibility.
      Tbd Forest Boulevard N, Forest Lake, MN 55025
      View Details
    • $138,500

      Residential Lot in Forest Lake

      Prime residential lot in established Forest Lake neighborhood.
      34x 3rd Avenue NW, Forest Lake, MN 55025
      View Details
    • $189,900

      Residential Land in Forest Lake

      4.6 acres for development or dream home near schools.
      6885 Scandia Trail N, Forest Lake, MN 55025
      View Details
    • $125,000

      Prime Forest Lake Land Parcel

      High-visibility land in Forest Lake, surrounded by retail and restaurants.
      134 Lake Street North, Forest Lake, MN 55025
      View Details
    • $241,800
      1,464 SF

      Main Level Corner Unit

      Versatile 1,464 SF unit ideal for office, retail, or medical.
      255 Hwy 97, Forest Lake, MN 55025
      View Details
    • $695,000

      Residential Land Near Clear Lake

      Infill development land near Clear Lake and downtown Forest Lake.
      21145 Fondant Avenue N, Forest Lake, MN 55025
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly fifteen acres on Forest Lake with development potential.
    Where is this residential land & home lot located?
    The property is located at Xxx Iverson Avenue N Forest Lake, MN.
    What is the asking price?
    The asking price for this property is $769,000.
    What are key features of this property?
    This property features: Nearly 15 acres on Forest Lake with 90 feet of shoreline.; Three potential homesites: one lakefront and two wooded upland sites.; Opportunity to create a family retreat or develop for resale.
    (952) 368-0021
    We can help!
    Listing Contact
    Rick Clark
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Xxx Iverson Avenue N, Forest Lake, MN 55025
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!