NEED TO SELL your home to buy this one?
  • Unit 4 #5 - 255 Highway 97

  • Forest Lake, MN 55025
  • Neighborhood: Cic 111
  • $600,000
  • 7,086 SqFt
  • $84.67 / SqFt
  • MLS® #: 5142326
  • Year Built: 1997
  • Days Listed: 248
Commercial property for sale in Forest Lake, MN at Unit 4 #5 - 255 Highway 97. This property is priced at $85/sqft.

Description of Unit 4 #5 - 255 Highway 97, Forest Lake, MN 55025 - $600,000

Investment opportunity! Start earning income immediately. 4 fully leased business condo units. High visibility location in growing Forest Lake. Located on Hwy 97 with high traffic counts and an area of town with lots of recent redevelopment. Across from high school and middle school with easy access. Association takes care of most duties, very limited management time required. Tenants pay utilities. Great set of properties to add to or start an investment portfolio. Good option for 1031 also.

Essential Information

  • MLS® #5142326
  • Price$600,000
  • Square Footage7,086
  • Acres0.00
  • Year Built1997
  • TypeCommercial
  • StatusActive

Community Information

  • AddressUnit 4 #5 - 255 Highway 97
  • SubdivisionCic 111
  • CityForest Lake
  • CountyWashington
  • StateMN
  • Zip Code55025


  • ExteriorVinyl, Metal, Brick/Stone
  • Lot DescriptionOther
  • RoofAsphalt Shingles, Pitched
  • Foundation7086


Retail/Shopping Center, Business Opportunity, Other


  • AmenitiesIndoor Sprinklers
  • Features220 Volt
  • GaragesOther

School Information

  • District831 - Forest Lake


Retail/Shopping Center, Business Opportunity, Other


  • HeatingForced Air
  • CoolingCentral

Additional Information

  • Listing OfficeRealty Executives Top Results
  • Date ListedFebruary 12th, 2019
  • Days on Market248
  • ZoningBusiness/Commercial

Kris LindahlREALTOR®

Mortgage Calculator

Down Payment: Monthly Payment:

Property Location for Unit 4 #5 - 255 Highway 97, Forest Lake

Get directions to this property:
Please provide a valid email address.

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Lindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Lindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Lindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

Information deemed reliable but not guaranteed.

Copyright 2019 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

Listing information last updated on October 17th, 2019 at 8:20pm CDT.