For Sale: Forest Lake MLS# 7035726
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Property Description
Prime commercial investment opportunity in the heart of Forest Lake. This well-located property at 167 Lake St. N offers excellent visibility, easy access, and strong traffic exposure. The building is currently fully leased, providing immediate rental income for investors. Positioned in a growing community with established surrounding businesses, this is a turnkey addition to any portfolio. Rent roll and leases available for review with signed NDA. Showings available upon tenant coordination, during normal business hours, Monday-Friday.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,000
Property Type:
Commercial
City:
Forest Lake
Garage Spaces:
0
County:
Washington
Year Built:
1937
State:
MN
Property Style:
1 Story
Zip Code:
55025
Subdivision Name:
Forest Lake
Exterior
Stories:
One
Garage Spaces:
0
Foundation Size:
2,489 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Lot & Land
Acres:
0.121
Geolocation:
45.281262, -92.984131
Inclusions:
Building
Lot Dimensions:
Getting
Zoning:
Business/Commercial
Schools
School District:
2288
District Phone:
6519828103
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$14,668
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$14,668
Units
Total Units:
3
Miscellaneous
Current Use:
- Office
- Restaurant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.