a Berkshire Hathaway affiliate

$1,500,000

55 2nd Street SW, Forest Lake


55 2nd Street SW Forest Lake, MN 55025

For Sale MLS# 5026223

28,557 sq ft Commercial

Data current as of {{getLocalTime('2019-12-10T05:10:33Z')}}

Details

MLS# 5026223

Description for 55 2nd Street SW, Forest Lake, MN, 55025


This is a once in a lifetime development opportunity with multiple potential uses. Approx. 3.2 acres of land and zoned MU-1 (DOWNTOWN mixed uses) a future thriving business is surely in the forecast for this prime business location.

Listing Information


Property Type: Commercial, Business Opportunity

Status: Active

Lot Size: 3.20 Acres

Square Feet: 28,557 sq ft

Year Built: 1916

Foundation: 1,111,111 sq ft

Garage: No

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 14

Current Use: Business Service,Commercial,Retail

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Washington

Days On Market: 194

HERS Score:

Construction Status: Previously Owned

School Information


District: 831 - Forest Lake

Elementary:

Middle:

High:

Utilities


Water: City Water/Connected

Sewer: City Sewer - In Street

Available Utilities:

Other Utilities:

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Parking Spaces: 30

Parking Description: Driveway - Other Surface

Exterior: Metal, Brick/Stone

Lot View:

Lot Dimensions: long legal

Farm Type:

Crop Type:

Zoning: Business/Commercial

Additional Exterior/Lot Features: Irregular Lot, Road Frontage - Private

Soil Type:

Tillable Acres:

Driving Directions


Interstate 35 North To West Broadway Ave east to property

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 0803221130135

Tax Amount: $21,678

Tax Year: 2018

HomeStead Description: Non-Homesteaded

Price Changes


$1,750,000 Original Price
$1,500,000 Current Price
-$250,000 Total Change
Date Price Change
6/14/2019 09:49 AM $1,500,000 -$250,000
5/28/2019 04:10 PM $1,750,000

Sales History

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Tax Summary

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Schools nearby 55 2nd Street SW

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings