179 Lake Street SForest Lake, MN 55025
$800,000
9,106 finished sq ft · 0.149 acre lot
About this home
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.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1939
- Finished sq ft
- 9,106
- Lot
- 0.149 acres
- Heating
- Natural Gas, Forced Air
- Property taxes
- $3,202 a year
- Listed
- July 16, 2026
- MLS number
- 7107235
Listing courtesy of eXp Realty (Shawn Augustine). MLS #7107235.
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How it compares
179 Lake Street S, Forest Lake, MN 55025 is a single-family home built in 1939, listed for $800,000 on July 16, 2026 by eXp Realty. That is in the upper quarter of the 52 single-family homes for sale in Forest Lake right now (median $475,000; $88 per square foot here against $200 for the group). That works out to $88 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Forest Lake community guideSchools, commutes, parks, home values and local stories.
- Forest Lake housing market, September 2026Homes sold for a median $429,900 over 12 months (+5.5%), 57 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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