119 lake n street

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.