Forest Lake, MN 55025

New Listing
$800,000
Property Type: Commercial Square Footage: 9,106 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $800,000 List Date: 7/16/2026 Last Modified: 7/21/2026

Overview

Description

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 pr ...

Listing Details MLS# 7107235

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
10
Waterfront YN
No
Year Built
1939
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
2552
For Sale or Lease
For Sale
Acres
0.14
Lot Dimensions
varied
Assessment Pending
No
Garage Stalls
0

Property Features

Accessible: None CMU Style: Mixed Use; Office Construction Status: Previously Owned Current Use: Office Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Common; Heating Common Parking Characteristics: Paved Lot; Unassigned Sewer: City Sewer/Connected Stories: Three Or More Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
800000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Forest Lake
County
Washington
State
MN
Zip Code
55025
Complex/Dev/Subdivision
Forest Lake

Assessments

Tax With Assessments
3202
Assessment Balance
0

Building Information

Building Finished SqFt
7968
Building SqFt
9106

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
21
Section#
8
Township#
32

Sale Options

Sale Includes
Building

Unit Details

Total Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
SUBDIVISIONNAME FOREST LAKE LOT 13 BLOCK 29 SUBDIVISIONCD 32455 PT LTS 13 & 14 BLK 29 DESC TOG AS FOLL COM AT SW COR SD LT 13 THN ELY ALG S LN SD LT 13 126. 82FT TO POB THN N AT RT ANG 6. 52FT THN WLY STRT LN 126.98FT TO SW COR SD LT 13 THN SLY ALG W LN SD LT 14 52.75FT TO SW COR SD LT 14 THN ELY ALG S LN SD LT 14 112.25FT TO PT OF INT WITH LN DRWN THRU POB & PERP TO S LN SD LT 14 THN NLY ALG SD LN 50.95FT TO POB SUBJ TO EASE
Listing City
Forest Lake
Map Page
39
Municipality
Forest Lake
School District
Forest Lake
School District Phone
651-982-8103
Zip Plus 4
3257
Property ID Number
0803221130030
Tax Year
2025
Tax Amount
3202
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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.
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.

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Vinyl
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Parking Characteristics

Paved Lot
Yes
Unassigned
Yes

Sewer

City Sewer/Connected
Yes

Stories

Three Or More
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes

CMU Style

Mixed Use
Yes
Office
Yes

Current Use

Office
Yes

Loan Terms

Cash
Yes
Conventional
Yes
IDX
Listing Office: eXp Realty
Last Updated: July - 21 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.