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On Broadway Car Wash 955 W Broadway Ave 4,680 SF Vacant Retail Building Forest Lake, MN 55025 $1,254,932 CAD ($268.15 CAD/SF)
INVESTMENT HIGHLIGHTS
- Local and regional trade area
- High traffic counts
- 2 access points: West Broadway Avenue and First Avenue Northeast
- Just 2 blocks off I-35 and Forest Lake exit
- Great visibility
- In the heart of the business district
EXECUTIVE SUMMARY
Dramatic Price Reduction For A Quick Closing!
Car Wash Business For Sale and/or Redevelopment Opportunity
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.
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.
• 2025 Tax: $23,374
• Sale Price: $899,000
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
• Area tenants include Home Depot, Chipotle, Walmart Supercenter, Tires Plus, Northern Tool, Perkins, Running Aces Casino, Hotel and Racetrack, and more
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
Traffic Counts
• I-35 - 67,590 vpd
• W Broadway Ave - 24,665 vpd
Car Wash Business For Sale and/or Redevelopment Opportunity
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.
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.
• 2025 Tax: $23,374
• Sale Price: $899,000
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
• Area tenants include Home Depot, Chipotle, Walmart Supercenter, Tires Plus, Northern Tool, Perkins, Running Aces Casino, Hotel and Racetrack, and more
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
Traffic Counts
• I-35 - 67,590 vpd
• W Broadway Ave - 24,665 vpd
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,680 SF
Building Class
B
Year Built
2001
Price
$1,254,932 CAD
Price Per SF
$268.15 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.19 AC
Zoning
B2 - Highway Business District
Parking
10 Spaces (2.14 Spaces per 1,000 SF Leased)
Frontage
77’ on Broadway Ave
AMENITIES
- Signage
- Drive Thru
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 555 SF
- Office/Retail
- End Cap
- 30 Days
- 1st Floor
- 780 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 555 SF | Office/Retail | End Cap | 30 Days |
| 1st Floor | 780 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 555 SF |
| Space Use |
| Office/Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
1st Floor
| Size |
| 780 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $725,925 CAD | |
| Land Assessment | $513,562 CAD | Total Assessment | $1,239,487 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$513,562 CAD
Improvements Assessment
$725,925 CAD
Total Assessment
$1,239,487 CAD
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On Broadway Car Wash | 955 W Broadway Ave
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