67 Lk St Forest Lake, MN 55025
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.