$300,000

255 Highway 97

Forest Lake MN, 55025

Description

Investment opportunity! Start earning income immediately. 2 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 and costs, very limited management time required. Tenants pay utilities. Great set of properties to add to or start an investment portfolio. Cap rate 9.37% - $28,115 net income. Great option for 1031 exchange.

Details

MLS#5323849
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1997
Days On Site98

Features

SQ Feet3,544
Story(s)1
Units2
ZoningBusiness/Commercial

Market Activity 55025

Loading Form

Loading Form

Area Information

StateMN
CountyWashington
CityForest Lake
Zip Code55025
AreaForest Lake (MN)
Listing VS Median (in 55025)
Price:
$300,000
low | high
Med:
$339,950
36.683333333333% of Average
SqFt:
3,544
low | high
Med:
1,852
97.756772009029% of Average
$ / SqFt:
$85
low | high
Med:
$199
84.814576756505% of Average
On Site:
98
low | high
Med:
165
59.393939393939% of Average
Listing Updated: 01/26/2020
MLS Number: 5323849
Listing Provided By:
Robert Boyce  of  Realty Executives Top Results
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

© {{year}} Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.