119 Lake St N, Forest Lake, MN 55025

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Building Details:

• Year Built: 1920

119 Lake St N is located in Forest Lake, MN.

RE/MAX RESULTS COMMERCIAL is pleased to offer for sale a rare and exquisite redevelopment opportunity in the downtown district of Forest Lake, Minnesota. Situated in nearly the center of what is referred to as the “100% Block” because there is truly not another area in Forest Lake which is more desirable, or attracts more consumers year-round. This prime piece of commercial property is located with excellent views and exposure to Forest Lake including a double boat landing, new Municipal Park with public pavilion, and newer retail structures with mixed use applications. The community of Forest Lake had 14,440 dwellers in 2000 and is projected to have a population growth of nearly 35% to 22,150 by 2020 according to the Metropolitan Council. With street frontage on Highway 61 this is a first class parcel to reach consumers and recreational patrons with extremely flexible zoning (MU-1) and a plethora of permitted and conditional uses.

The subject property currently has an 8,000 SF structure built in 1920 on approximately .20 Acres. The building was once the areas local theatre, but now has a small retail tenant and is best suited for removal or possible renovations for limited uses. The auditorium has 2 large HVAC units as well as 3 additional forced air furnaces for the 4 possible lease spaces which have separate electrical (220 Volt, Single Phase power) and city sewer/water. The downtown is scheduled for new curbs, gutters, sidewalks, and streetlights with the rear of the property already experiencing updated sidewalks, parking, and asphalt drives.

The comprehensive plan is available on The City of Forest Lake website where the detailed goals for the area are clearly defined, www.ci.forest-lake.mn.us. RE/MAX RESULTS COMMERCIAL appreciates your consideration; please don’t hesitate to contact our offices for additional information or a property tour (651.216.5730).