Financial
Distress signals
Property profile

1068 Lk S St Forest Lake, MN 55025

OFF-MARKET
Office buildings
Property ID
US46-0836586
15,596 SF 0.69 ac lot Built 1976
Last sale Nov 1996 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 29-yr Hold Held for 29 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Professional Building is an office property located at 1068 Lake St S in Forest Lake, Minnesota, near Highway 61 and providing access from Highway 61, which carries approximately 15,200 vehicles per day, with Highway 35W located less than 5 minutes away. The building is configured as multiple tenant suites and is designed to accommodate professional and medical-oriented uses, including medical and dental businesses. Available suite configurations referenced include Suite 110 with in-suite

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value · 2022$617k
Assessed land$257k
Assessed improvement$360k
Effective rate2.58%

Value estimate

· Sep 2026
$400k
$360k – $440k
Sales comparison$1.82M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$152/SF
County average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$117 – $201

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility8.9
Garden Center8.8
Bakery8.6

Location

1068 Lk S St Forest Lake, MN 55025-2639
County assessor Recorded deeds · 1 transfer Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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