Car Wash Business For Sale and/or Redevelopment Opportunity
$899,000
955 W Broadway Ave, Forest Lake, MN 55025
4,610 sqft
Building Size
0.3231 acres
Lot Area
Details:
Description:
DRAMATIC PRICE REDUCTION FOR A QUICK CLOSING!
Car Wash Business For Sale and/or Redevelopment Opportunity
The property is currently improved with a 3,345 SF single-bay car wash and two vacant retail spaces totaling approximately 1,335 SF (±780 SF and ±555 SF). The car wash is owner-operated, while the retail spaces have been intentionally held vacant to preserve maximum flexibility for redevelopment or reconfiguration.
The retail bays have a proven history of tenancy, including a tobacco shop and a chiropractic office, and were previously configured as a drive-thru coffee operation, underscoring the site’s adaptability to a wide range of retail and service uses. There is demonstrated tenant interest in the market, providing optionality for near-term activation or incorporation into a broader redevelopment plan.
Located on underutilized real estate in a strong Forest Lake retail corridor, this offering presents a value-add or redevelopment opportunity for a buyer seeking to reposition the site through capital investment, enhanced operations, or redevelopment to unlock the property’s full potential.
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.
• 2026 Tax: $24,132
• 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
• 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
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