155 N Lake Street
Forest Lake, MN 55025

  • 0.057acres
Est. P&I payment: $744.77/mo
155 N Lake Street, Forest Lake, MN 55025
Description for 155 N Lake Street, Forest Lake, MN 55025
Investment opportunity for a commercial building in the heart of Forest Lake. Solid tenant in place. Basement can be leased with some updating.
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My Notes for MLS #4897124

General Features

  • Acres: 0.057
  • Current Use: Other
  • Foreclosure Status: No
  • Year Built: 1971
  • Sale Includes: Building,​Leases
  • Total Number of Units: 1
  • Status: Active

Exterior Features

  • Exterior: Brick/Stone
  • Parking Characteristics: On-Street Parking Only
  • Road Frontage: City,​Paved Streets,​Curbs,​Sidewalks
  • Lot Dimensions: 32x82x32x72

Interior Features

  • Building Finished Square: 2,184
  • Handicap Accessible: None
  • Roof: Flat
  • Number of Units 1: 1

Utilities Features

  • Heating: Forced Air
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Gross Expense: 3,000
  • Tenant Expenses: Water/Sewer,​Electric
  • Total Annual Income: 15,300
  • Unit 1 Monthly Rent: 1,275
  • Annual Rent 1: 15,300
  • Total Monthly Income: 1,275
  • Tax Amount: 2,728
  • Tax With Assessments: 2,728
  • Tax Year: 2018
  • Annual Gross Income: 15,300

Community Features

  • County: Washington
  • Municipality: Forest Lake
  • Postal City: Forest Lake (MN)

School Features

  • School District: 831 - Forest Lake
  • School District Phone: 651-982-8103

Misc Features

  • Foundation Size: 2,184
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No


Street View Not Available
Directions to 155 N Lake Street, Forest Lake, MN 55025
I35 To Forest Lake Exit (Broadway) Right To Hwy 61, Left To 155 Lake Street N
The listing information for 155 N Lake Street, Forest Lake, MN 55025 was graciously provided by our friends at the listing brokerage, Keller Williams Premier Realty

Get Financing for 155 N Lake Street, Forest Lake, MN 55025

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $744.77
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Last Updated 01/18/2018 at 11:09pm
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