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- LoopNet Team
119 Lake St N
Forest Lake, MN 55025
Forest Theatre Building · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Courtyard
- Signage
ABOUT 119 LAKE ST N , FOREST LAKE, MN 55025
Prime Forest Lake retail location ready for redevelopment. This 7,000 SF property backs up to the very popular Forest Lake shore. Currently the property has retail frontage with a month to month lease tenant and an old movie theater located in the back. The City of Forest Lake is eager to work with investors/developers to revitalize this building and is offering many permitting abatements and Tax Increment Financing (TIF). Zoned MU-1 Downtown Mixed-Use District, gives this property many options with possible permitted uses such as full service restaurants, taprooms, distilleries, medical office, etc. Stormwater Management Watershed District may provide a fee in-lieu of propositions. Please contact City Watershed District to discuss feasibility http://www.clflwd.org/permitting.php for more information.
PROPERTY TAXES
| Parcel Number | 08-032-21-12-0144 | Improvements Assessment | $59,200 |
| Land Assessment | $164,000 | Total Assessment | $223,200 |
PROPERTY TAXES
