308 SW 15th St 49,616 SF Specialty Building Offered For Sale in Forest Lake, MN 55025

This 49,616 RSF commercial property offers a rare opportunity for a wide range of users, with excellent visibility along I-35 and flexible configurations suitable for educational, institutional, and mixed-use redevelopment purposes. Situated in Forest Lake, Minnesota, just 30 miles north of Minneapolis, the property benefits from direct visibility from Interstate 35 eastbound and convenient access via 15th Street SW.
The main building underwent a full renovation in 2021, featuring updated roof and HVAC systems, modernized interiors, and ADA-compliant amenities. A connected gymnasium with regulation hardwood basketball court and built-in bleachers provides additional multi-purpose options for community-driven uses or specialized programs. The floor plan accommodates classrooms, commons areas, and specialized spaces such as music and fitness rooms.
Located adjacent to Forest Lake Industrial Park and a major retail hub anchored by Walmart, the property is within one mile of key retail amenities including Starbucks, Chipotle, and Target. With 104 parking stalls, a robust three-phase power supply, and improved infrastructure, the site is poised for owners seeking institutional functionality, light industrial adaptability, or redevelopment into a charter school, community center, or office facility. Asking price is negotiable, creating flexibility for investors and operators with strong vision for this highly visible asset.