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$599,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.121 Acres
  • Updated 3 days ago
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Prime commercial investment opportunity in the heart of Forest Lake. This well-located property at 167 Lake St. N offers excellent visibility, easy access, and strong traffic exposure. The building is currently fully leased, providing immediate rental income for investors. Positioned in a growing community with established surrounding businesses, this is a turnkey addition to any portfolio. Rent roll and leases available for review with signed NDA. Showings available upon tenant coordination, during normal business hours, Monday-Friday.

Full Property Details for 167 Lake St N

General

  • Price: $599,000
  • Taxes: $14,668 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7035726
  • Updated: 3/18/2026
  • Added to Site: 4 day(s) ago

Parking

  • Parking Features: Parking Lot

Location

  • County: Washington
  • Township: Forest Lake
  • Subdivision: Forest Lake
  • Driving Directions: Interstate 35N to Forest Lake-Broadway Ave. exit, and go East to Highway 61, go north to corner of NE 2nd Ave., building will be on the right.

School Information

  • School District: 2288 - Forest Lake
  • High School District: Forest Lake

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Basement: Yes
  • Foundation Size: 2489
  • Disability Access: None
  • Current Bldg. Use: Office, Restaurant
  • Year Built: 1937

Lot Features

  • Lot Size (Acres): 0.121
  • Lot Dimensions: getting
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $14,668
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: SUBDIVISIONNAME FOREST LAKE LOT 1 BLOCK 26 SUBDIVISIONCD 32455 PT OF W 125FT OF LOTS 1&2 BLK 26 ORIGINAL TOWN(NOW CITY)OF FOREST LK DESC AS FOLL:BEG AT THE NW CORNER OF SD LOT 1 & RUN SLY ALG THE W LINE OF SD LOT 1 & SD LOT 2 A DIST 67FT THN ELY PAR WITH THE N LINE OF SD LOT 1 A DIST 94FT THN NLY ON A STRAIGHT LINE TO THE PT ON THE N LINE OF SD LOT 1 WHICH IS 73FT DIST IN AN ELY DIRECTION ALG THE SD N LINE FROM THE NW CORNER OF SD LOT 1 THN WLY ALG TH N LINE OF SD LOT 1 TO THE PT OF BEG TOG WITH ALL THAT PT OF THE SD W 125 FT OF SD LOTS 1 & 2 DESC AS FOLL:BEG AT A PT ON W LINE OF SD LOT 2 WHIC
  • Inclusions: Building
  • Property ID: 803221120073

Listed by eXp Realty

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— 167 Lake St N —

  • eXp Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 167 Lake St N

School District:Forest Lake Public School District
NameGradesDistance
Forest Lake Elementary School
408 Southwest 4th Avenue, Forest Lake, MN 55025
4-60.5 mi
Forest View Elementary School
620 Southwest 4th Avenue, Forest Lake, MN 55025
K-30.5 mi
Forest Lake Area Middle School
21395 Goodview Avenue North, Forest Lake, MN 55025
7-91.6 mi
Forest Lake Senior High School
6101 Scandia Trail North, Forest Lake, MN 55025
10-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 167 Lake St N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/17/2026
Listed
$599,000
7.93%
MLS
2/12/2020
Sold
$555,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 167 Lake St N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,026
-1%
$550,900
1%
2023
$14,104
-1%
$546,100
12%
2021
$14,306
5%
$489,100
6%
2020
$13,630
3%
$462,900
5%
2019
$13,230
7%
$440,800
6%
2018
$12,326
-5%
$415,700
6%
2017
$12,914
78%
$393,900
66%
2016
$7,244
100%
$237,300
82%
2015
$3,626
-4%
$130,500
—
2014
$3,780
—
$130,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by eXp Realty

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167 Lake Street N, Forest Lake, MN 55025 (MLS# 7035726) is a Commercial property. 167 Lake Street N is currently listed for $599,000 and was received on March 17, 2026. Want to learn more about 167 Lake Street N? Do you have questions about finding other Commercial real estate for sale in Forest Lake? You can browse all Forest Lake real estate or contact a Coldwell Banker agent to request more information.

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