$599,900

255 Highway 97

Forest Lake MN, 55025

Description

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.

Details

MLS#5323849
Sub-TypeResale
StatusActive
Year1997
Days On Site1

Features

SQ Feet7,086
Story(s)1
Units4
ZoningBusiness/Commercial

Market Activity 55025

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Area Information

StateMN
CountyWashington
CityForest Lake
Zip Code55025
AreaForest Lake (MN)
Listing VS Median (in 55025)
Price:
$599,900
low | high
Med:
$359,800
90.02333722287% of Average
SqFt:
7,086
low | high
Med:
1,813
100% of Average
$ / SqFt:
$85
low | high
Med:
$205
91.846628653713% of Average
On Site:
1
low | high
Med:
90
2% of Average
Listing Updated: 10/22/2019
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.

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