20 Lk St Forest Lake, MN 55025
This exceptional commercial land offering presents a rare opportunity to acquire two contiguous parcels totaling approximately 0.85 acres (36,850 square feet) in the heart of downtown Forest Lake, Minnesota. Strategically located directly off the roundabout, this property enjoys high visibility and accessibility, ensuring maximum exposure for any commercial venture. The combined parcels, identified as 20 Lake Street South (Parcel ID: 0803221130143) and 32 Lake Street South (Parcel ID: 0803221130144), offer significant development potential. The location within the vibrant downtown area provides easy access to local amenities, businesses, and a strong residential population. This prime real estate is ideal for a variety of commercial uses, making it an attractive investment for developers and entrepreneurs seeking a high-traffic location with excellent visibility. The property's size and central location make it a highly desirable asset in a growing community. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The address is 20-32 Lake Street South, Forest Lake, MN 55025. The property is conveniently located at latitude 45.278123 and longitude -92.9852391.
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
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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.