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Commercial: MLS #6314191 Forest Lake, MN $ 999,000
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$ 999,000 Get more info
Commercial: MLS #6314191
$ 999,000
Back to search
Share Save

Commercial: MLS #6314191

Forest Lake, MN, 55025
$ 999,000
Baths0.0 Sq 4,680

Monthly Estimate*

$ 6,640

MLS #/Web ID: 6314191 - Image 1
Studio

Commercial Property for sale in Forest Lake, MN

for $999,000. This 4,680 square foot building was built in 2001 on a lot size of 1.18.

This 3-tenant property offering includes a fully staffed owner-operated car wash requiring limited owner involvement. Income from the car wash along with rental income from the two rental spaces create an attractive investment. Located in the highly desirable Forest Lake retail trade area, the underlying and underused real estate makes for an extremely attractive redevelopment opportunity.

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Commercial Active

Price

$ 999,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 22,344

Style

Business

Lot Size

1.18

Year Built

2001

Town/City

Forest Lake

County/Region

Washington

MLS | Web ID

6314191
Features
General
Sewer City Sewer - In Street
Heating Forced Air
Utilities Electric Separate Hot Water Separate
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 2001
Property SubType Business Other
Tax Year 2024
Current Use Professional/Office
Accessibility Other
Additional Parcels Description 0803221220057 0803221220026
County Washington
Property Type Commercial Sale
Contingency None
Subdivision Name Walker & Goodine 2nd Add
Directions From I-35 S Take exit 131 toward W Broadway Ave 0.3 mi Use the left 2 lanes to turn left onto W Broadway Ave 0.5 mi Make a U-turn at NW 8th St 449 ft. Turn right 135 ft.
City Forest Lake
Buyer Agent Compensation 2.70
High School District Forest Lake
Zoning Description Business/Commercial
Total Units 6
Street Name Broadway
Land Lease Y/N N
Tax Annual Amount 22344
Additional Parcels Y/N Y
Days on Market 468
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features On-Street Parking Only
Water Source City Water - In Street
Inclusions Building Land
Lot Size Area 1.18
Building Area Total 4680
Lot Dimensions 51596
Lot Size Units Acres
Foundation Area 4680
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Interior
Basement (Y/N) N
Street Suffix Avenue
Foundation Dimensions 180x180
Fuel Natural Gas
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Internal Only
Street Number 1 955
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* Excluded Features
List By
Christianson & Company

Broker

lisa@christiansonandco.com

Email

Affordability Calculator

$8,502
Per Month
78%
22%
0%
Monthly Principal & Interest
$6,640
Monthly Property Taxes
$1,862
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708654 Elementary School
708664 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/16/2024$999,000 -16.75% Price Down
3/21/2024$1,200,000 -4.00% Price Down
1/2/2024$1,250,000 -3.85% Price Down
1/12/2023$1,300,000 -13.33% Price Down
12/5/2022$1,500,000 Listed Price

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