Forest Lake, MN Commercial Property for Sale (5 Real Estate Listings)
Forest Lake, MN Real Estate Statistics
| Average Price | $584K |
|---|---|
| Lowest Price | $450 |
| Highest Price | $4.5M |
| Total Listings | 71 |
| Avg. Price/SQFT | $229 |
Property Types (active listings)
As of January 21, 2025 there are 5 active Forest Lake, MN commercial real estate listings for sale with an average listing price of $489,370. The highest-priced commercial property listing is $999,000, while the lowest priced commercial property can be purchased for $450. Forest Lake, MN Commercial properties for sale have an average price of $135 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 2,821 square feet of living space.
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Forest Lake, MN Commercial Real Estate & Properties
Forest Lake, Minnesota, is a hidden gem in commercial real estate. The city has a lot to offer investors, including various properties and a thriving economy.
There are many reasons to invest in commercial real estate in Forest Lake. The city is home to many businesses, including retail stores and restaurants. It's located near several major highways.
The city also offers a variety of incentives for businesses, including tax breaks and low-interest loans. These incentives make it an attractive option for investors looking to get the most out of their investments.
Forest Lake, Minnesota's History
The Forest Lake area was first settled due to St. Paul and Duluth Railroad construction, completed in 1869. The development of summer lake homes on the shores of forest Lake and Clear Lake spurred growth in the City and surrounding township. The commercial district and community facilities, such as parks and schools, developed over time. The lake home village matured into the City it is today as cabin owners turned their property into year-round residences. Steady residential and commercial growth occurred from the 1970s through the 1990s. In 2001, the City and Township combined into one city.
Forest Lake, Minnesota's Demographics
Forest Lake is a city located in Washington County, Minnesota. With a 2020 population of 21,059, it is the 57th largest city in Minnesota and the 2187th largest city in the United States. Forest Lake is growing at a rate of 1.08% annually, and its population has increased by 2.17% since the most recent census, which recorded a population of 20,611 in 2020. Over 36 miles, Forest Lake has a population density of 690 people per square mile. The median age in Forest Lake is 35.2 years, 34 years for males, and 36.7 years for females. For every 100 females, there are 97 males.
The city's racial makeup was 87.12% White, 4.80% Asian, 4.17% Two or more races, 1.75% Other race, and 1.74% Black or African American. Native Americans made up 0.31%, and Native Hawaiians or Pacific Islanders made up 0.11% of the population.
Forest Lake, Minnesota's Geographic Makeup
Forest Lake is one of the Twin Cities' northernmost cities. It is on the shores of Forest Lake, the county's largest lake. U.S. Highway 61 and Interstate 35 are two of the main routes in the city. Minnesota State Highways 97 and 243 are also near the city. Forest Lake contains 28 named lakes, including its namesake, with a total surface area of over 8 square miles (21 km2). These lakes vary significantly, from small bodies of water such as Silver Lake and Nancy Lakes to large lakes such as South Center Lake and Forest Lake. There are also many streams and wetlands throughout the city limits. Rice Creek flows through central Forest Lake to the Mississippi River. Other notable watersheds include the Sunrise River and Tangletown Creek. Most forest Lake is located within the watersheds of these three major rivers.
Forest Lake, Minnesota‘s Economy
Forest Lake is a growing community with a diverse population that continues to grow and change. The median income for a household in the city was $53,114 in 2016, and the median income for a family was $61,041. Males had a median income of $42,363 versus $31,685 for females. The per capita income for the city was $24,318. About 5.0% of families and 6.1% of the population were below the poverty line, including 7.8% of those under age 18 and 3.2% of those aged 65 or over.
Forest Lake, Minnesota's Employment
Forest Lake, Minnesota, is located in the Twin Cities metropolitan area. The city's economy primarily relies on manufacturing, health care and social assistance, and retail trade. The city's largest employers are 3M, Andersen Corporation, and Spectrum Health. The city's unemployment rate is 3.8%, lower than the national average of 4.4%. The median household income in Forest Lake is $85,455, which is higher than the median income for Minnesota, $ 78,606. The cost of living in Forest Lake is also increased, with a median home price of $215,000. However, the city's employment opportunities and high wages make it a desirable place to live for many people.
Why Commercial Real Estate In Forest Lake, Minnesota?
Forest Lake, Minnesota, is a great place to invest in commercial real estate. The city's economy is strong and diverse, with a mix of manufacturing, retail, and service businesses. Significant employers include 3M, Christopher & Banks, Shopko Hometown, Metropolitan State University, North Memorial Health Care, Tournament Players Club at Hazeltine National Golf Club, and Walmart Supercenter. The city is also home to several small businesses and entrepreneurs. Forest Lake offers residents a high quality of life with its beautiful lakes and parks, excellent schools, and safe neighborhoods. The city has many opportunities for recreation, leisure, and entertainment. Forest Lake is a great place to live, work, and raise a family.