$599,000

167 Lake Street NForest Lake, MN 55025

Type: Commercial

1937 Year Built

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.

MLS ID: 7035726

Directions: Interstate 35N to Forest Lake-Broadway Ave. exit, and go East to Highway 61, go north to corner of NE 2nd Ave., building will be on the right.

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Property Details

Essential Details

MLS #: 7035726

Listing courtesy of: eXp Realty

Price: $599,000

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Business/Commercial

Current Use: Office, Restaurant

Total Units: 3

Parking Features: Parking Lot

Building Details

Owner Occupied: No

AccessibilityFeatures: None

Heating: Forced Air

Year Built: 1937

Foundation Area: 2,489

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Utilities: Electric Separate

Lot Details

Complex/Dev/Sub Name: Forest Lake

Lot Dimensions: getting

School Information

District: Forest Lake

District Number: 831

District Phone: 6519828103

Community Information

County: Washington

Survey Range: 21

Survey Section: 8

Survey Township: 32

Taxes

Tax Year: 2025

Tax Amount: $14,668

Assessment Pending: No

Taxes w/Assessments: $14,668

This listing was last updated by eXp Realty on 5/27/2026 at 10:16 am.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 6/16/2026 6:06 pm.

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. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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