Retail
Mixed Use

Contract Pending

955 W Broadway Avenue

955 West Broadway Avenue,  Forest Lake, Minnesota 55025

For Sale or Lease

$999,000

Negotiable

About 955 West Broadway Avenue

PENDING - Car Wash Business For Sale and/or Redevelopment Opportunity CONFIDENTIAL - PLEASE DO NOT APPROACH THE BUSINESS DIRECTLY This 3-tenant property offering includes a fully staffed owner-operated car wash requiring limited owner involvement. Income from the car wash along with rental income from the two rental spaces create an attractive investment. Located in the highly desirable Forest Lake retail trade area, the underlying and underused real estate makes for an extremely attractive redevelopment opportunity. Area tenants include Home Depot, Chipotle, Walmart Supercenter, Tires Plus, Northern Tool, Perkins, Running Aces Casino, Hotel and Racetrack, and more.
Multi-Tenant
B
Existing
2001
1
4,680 SqFt
1,335 SqFt
555 to 780 SqFt
4,680 SqFt
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
Demographics and Traffic Counts:
• 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
• I-35 - 67,590 vpd, and W Broadway Ave - 24,665 vpd
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.
2024 Tax: $22,344
Sale Price: $999,000
Available For Lease
• 780 sf
• 555 sf (drive-thru available)
• Lease Rate: Negotiable
2 Spaces
Standard Retail
AVAILABLE
555 SqFt
SUITE
955 W Broadway Avenue
FLOOR
1
MIN DIVISIBLE
555 SqFt
MAX CONTIG
555 SqFt
Drive-thru available
Standard Retail
AVAILABLE
780 SqFt
SUITE
955 W Broadway Avenue
FLOOR
1
MIN DIVISIBLE
780 SqFt
MAX CONTIG
780 SqFt
Attachments & Links
Brochure_955_W_Broadway_Avenue_5.20.24.pdf
Brochure - Sale
Brochure_955_W_Broadway_Avenue_Lease.pdf
Brochure - Lease
www.SpaceAvailableMN.com
Website
live map

Lisa Christianson

Broker

Colliers

1600 Utica Avenue
Suite 300
 St. Louis Park, MN 55416

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