67 Lake St Forest Lake, MN 55025
- Retail properties
- 13,863 SF
- 0.64 lot acres
Current Use by Public Records
- Retail properties
Property Details for 67 Lake St
- Lot size
- 0.64 lot acres
- Property size
- 13,863 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Forest Lake
- County
- Washington
- State
- Minnesota
- Longitude
- -92.9847
- Latitude
- 45.2783
