955 W Broadway Ave, Forest Lake, MN 55025
RETAIL For Sale For Lease For LeaseFloors: 1
| Space | Size | Type | Pricing |
|---|---|---|---|
| CONFIDENTIAL - Car Wash Business For Sale and/or Redevelopment Opportunity | SALE | $899,000.00 | |
| Retail/Office Space For Lease On West Broadway Avenue in Forest Lake! | LEASE | Contact for pricing | |
| Retail/Office Space For Lease On West Broadway Avenue in Forest Lake! | LEASE | Contact for pricing |
Lisa Christianson - Colliers
PHONE: 9523931212
PHONE: 9528977760
DRAMATIC PRICE REDUCTION FOR A QUICK CLOSING! Car Wash Business For Sale and/or Redevelopment Opportunity The property is currently improved with a 3,345 SF single-bay car wash and two vacant retail spaces totaling approximately 1,335 SF (±780 SF and ±555 SF). The car wash is owner-operated, while the retail spaces have been intentionally held vacant to preserve maximum flexibility for redevelopment or reconfiguration. The retail bays have a proven history of tenancy, including a tobacco shop and a chiropractic office, and were previously configured as a drive-thru coffee operation, underscoring the site’s adaptability to a wide range of retail and service uses. There is demonstrated tenant interest in the market, providing optionality for near-term activation or incorporation into a broader redevelopment plan. Located on underutilized real estate in a strong Forest Lake retail corridor, this offering presents a value-add or redevelopment opportunity for a buyer seeking to reposition the site through capital investment, enhanced operations, or redevelopment to unlock the property’s full potential. AVAILABLE FOR SALE - PROPERTY and BUSINESS • PIDS: 08.032.21.22.0059, 08.032.21.22.0057, 08.032.21.22.0026 and 08.032.21.22.0025 • Building SF: 4,680 • Parcel Area: 1.18 acres 51,596 sf • Year Built: 2001 • Zoning: B2 - Highway Business District • 2017 Tax Cut and Jobs Act allows for up to accelerated depreciation on property improvements for car wash assets. • 2026 Tax: $24,132 • Sale Price: $899,000 HIGHLIGHTS and FEATURES • Local and regional trade area • Just 2 blocks off I-35 and Forest Lake exit • High traffic counts • Great visibility • 2 access points: West Broadway Avenue and First Avenue Northeast • In the heart of the business district • Area tenants include Home Depot, Chipotle, Walmart Supercenter, Tires Plus, Northern Tool, Perkins, Running Aces Casino, Hotel and Racetrack, and more DEMOGRAPHICS • Average Household Population: 1 mile - 3,223, 3 miles - 12,795 and 5 miles - 21,300 • Average Household Income: 1 mile - $55,528, 3 miles - $77,808 and 5 miles - $78,262 TRAFFIC COUNTS • I-35 - 67,590 vpd • W Broadway Ave - 24,665 vpd