Financial
Distress signals
Property profile

1500 Lk S St Forest Lake, MN 55025

OFF-MARKET
Other commercial real estate
Property ID
US46-1081779
17,500 SF 3.29 ac lot Built 1988
Last sale Jun 2017 · $2,015
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 10,641-square-foot building located on Lake St S in Forest Lake, Minnesota, and it has been recently remodeled. It is situated along or near Highway 61, providing access to neighboring communities including Columbus, Scandia, and Hugo.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$74k
Tax billed · 2023
Assessed value · 2022$2.62M
Assessed land$502k
Assessed improvement$2.12M
Effective rate2.82%

Value estimate

· Sep 2026
$2.31M
$2.08M – $2.54M
CAP approach$2.49M
Submarket $/SF estimate$2.15M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
Submarket average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$90 – $308
Qualifying comparables6

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: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.1
Tailor Shop8.8
Pharmacy8.7

Location

1500 Lk S St Forest Lake, MN 55025-2646
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales 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 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7050 Scandia N, Forest Lake, MN 55025-9161 $1,900,000 May 2024 9,948 SF
21438 Frst N, Forest Lake, MN 55025-2625 $370,000 Jan 2023 11,725 SF
531 Lk S, Forest Lake, MN 55025-2610 $425,000 Nov 2022 3,612 SF
6811 137th NE, Columbus, MN 55025-2859 $636,469 Apr 2022 21,000 SF
13822 Fwy NE, Columbus, MN 55025 $334,848 Oct 2019 51,860 SF
13711 Lk NE, Columbus, MN 55025 $2,200,000 May 2019 12,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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