$220,000
$224,900
2.2%For more information regarding the value of a property, please contact us for a free consultation.
9,147 Sqft Lot
SOLD DATE : 10/28/2019
Key Details
Sold Price $220,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Forest Lake
MLS Listing ID 5257525
Sold Date 10/28/19
Annual Tax Amount $5,456
Tax Year 2019
Contingent None
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 170x50x160x50
Property Description
Redevelopment Opportunity! Prime retail/office location with Forest Lake views. The 0.21 acre lot has an existing 7K building that is a tear down. The City of Forest Lake is offering a $5K tax rebate. Zoned MU-1 Downtown Mixed-Use District has many permitted uses such as multi-family, office, retail, restaurants, taprooms, distilleries, public parking, etc. Multi-family and mixed use will require building a subterranean parking lot. Commercial buildings have no parking requirements. City will allow up to 4 stories in height. Management Watershed District is mandating a Storm Water Reservoir be built on property. Please contact City Watershed District to discuss feasibility.
All tours by appointment only. Do not
disturb Tenants.
Location
State MN
County Washington
Zoning Business/Commercial
Body of Water Forest
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Water Available
Waterfront false
Waterfront Description Lake View
View City Lights, East, Harbor, Lake, Panoramic
Building
Lot Description Public Transit (w/in 6 blks), Irregular Lot, Underground Utilities
Schools
School District Forest Lake
Others
Restrictions Other
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