Date
Details
Price
Change
Source
7/16/2026
Listed
$800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$800,000 Just Listed
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Property Description
Rare opportunity to own a well-maintained mixed-use office building in the heart of downtown Forest Lake! Situated on a prominent corner lot just blocks from Forest Lake and surrounded by restaurants, shops, and local amenities, this three-story professional office building offers exceptional visibility and convenience. Featuring nine office suites with approximately three currently vacant, the property presents an ideal opportunity for an owner-occupant to establish their business while generating income from existing tenants. Recent improvements include a new $20,000 air conditioning system, providing added value and peace of mind. Ample on-site parking with approximately 10 spaces makes access easy for tenants and clients alike. Well suited for professional offices, financial services, legal practices, insurance agencies, consulting firms, or appointment-based medical and dental offices. Whether you're expanding your business or adding to your investment portfolio, this versatile property offers outstanding potential in one of Forest Lake's most desirable commercial locations.
Full Property Details
Full Property Details for 179 Lake Street S
General
- Price: $800,000
- Taxes: $3,202 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7107235
- Updated: 7/20/2026
- Added to Site: 4 day(s) ago
Parking
- Parking Features: Paved Lot, Unassigned
Location
- County: Washington
- Township: Forest Lake
- Subdivision: Forest Lake
- Driving Directions: Interstate 35 north to Forest Lake-Broadway Ave. exit, turn right. Follow to Highway 61, turn right. Follow to 2nd Ave. SW, building on the left.
School Information
- School District: 831 - 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 Common, Heating Common
Structural Information
- Basement: Yes
- Foundation Size: 2552
- Disability Access: None
- Current Bldg. Use: Office
- Year Built: 1939
Lot Features
- Lot Size (Acres): 0.149
- Lot Dimensions: varied
- Zoning: Business/Commercial
Financial Considerations
- Tax Amount: $3,202
- Tax Year: 2025
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: SUBDIVISIONNAME FOREST LAKE LOT 13 BLOCK 29 SUBDIVISIONCD 32455 PT LTS 13 & 14 BLK 29 DESC TOG AS FOLL COM AT SW COR SD LT 13 THN ELY ALG S LN SD LT 13 126. 82FT TO POB THN N AT RT ANG 6. 52FT THN WLY STRT LN 126.98FT TO SW COR SD LT 13 THN SLY ALG W LN SD LT 14 52.75FT TO SW COR SD LT 14 THN ELY ALG S LN SD LT 14 112.25FT TO PT OF INT WITH LN DRWN THRU POB & PERP TO S LN SD LT 14 THN NLY ALG SD LN 50.95FT TO POB SUBJ TO EASE
- Inclusions: Building
- Property ID: 803221130030
Listed by eXp Realty
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NMLS#: 1598647
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Price & Sales History for 179 Lake Street S
Tax History
Tax History for 179 Lake Street S
Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,958
—
$202,800
80%
2026
$5,958
86%
$112,400
—
2025
$3,202
2%
$112,400
4%
2023
$3,148
-6%
$108,200
4%
2021
$3,340
-3%
$104,000
—
2020
$3,458
3%
$104,000
6%
2018
$3,370
-4%
$98,500
-4%
2019
$3,500
-2%
$102,400
4%
2017
$3,556
6%
$98,500
6%
2016
$3,346
-18%
$93,000
-17%
2015
$4,084
-4%
$111,600
—
2014
$4,252
—
$111,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 179 Lake Street S
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Sold by RE/MAX Synergy
179 Lake Street S, Forest Lake, MN 55025 (MLS# 7107235) is a Commercial property. 179 Lake Street S is currently listed for $800,000 and was received on July 16, 2026. Want to learn more about 179 Lake Street S? 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.