For Sale Commercial MLS# 7107235

179 Lake Street S

Forest Lake, MN 55025

$800,000

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About 179 Lake Street S

Rare opportunity to own a well-maintained mixed-use office building in the heart of downtown Forest Lake! Situated on a prominent corner lot just blocks from Forest Lake and surrounded by restaurants, shops, and local amenities, this three-story professional office building offers exceptional visibility and convenience. Featuring nine office suites with approximately three currently vacant, the property presents an ideal opportunity for an owner-occupant to establish their business while generating income from existing tenants. Recent improvements include a new $20,000 air conditioning system, providing added value and peace of mind. Ample on-site parking with approximately 10 spaces makes access easy for tenants and clients alike. Well suited for professional offices, financial services, legal practices, insurance agencies, consulting firms, or appointment-based medical and dental offices. Whether you're expanding your business or adding to your investment portfolio, this versatile property offers outstanding potential in one of Forest Lake's most desirable commercial locations.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1939
Stories
Three Or More
Living area
9,106 sqft
Price / sqft
$88
Lot
0.149
Original price
$800,000
MLS #
7107235

Interior

Features
Forced Air
Heating
Forced Air

Exterior & lot

Features
Vinyl, Paved Lot, Unassigned
Construction
Three Or More, Block
Foundation
Block
Lot
0803221130030, Office
Parking
Paved Lot, Unassigned

Schools

District
Forest Lake Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Common, Heating Common
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$3,202
Tax year
2025
Parcel
0803221130030

Location

Subdivision
Forest Lake
County
Washington
Community
Washington, northstar, Forest Lake
Directions
Interstate 35 north to Forest Lake-Broadway Ave. exit, turn right. Follow to Highway 61, turn right. Follow to 2nd Ave. SW, building on the left.

Location

Neighborhood
Forest Lake
School district
Forest Lake Public School District

Ask about this property

Questions on 179 Lake Street S, Forest Lake, MN 55025, or want to see it in person?

Listed by Shawn Augustine, eXp Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.