Listed by Colliers - Minneapolis - St. Paul, Minnesota
$899,000
955 W Broadway Ave
Details
APN 08.032.21.22.0059; 08.032.21.22.0057; 08.032.21.22.0026; 08.032.21.22.0025
Property Type Retail, Special Purpose
Sub Type Car Wash, Commercial
Square Footage 4,680
Tenancy Multi
Year Built 2001
Acreage 1.180
Zoning B2 - Highway Business District
Investment Type Redevelopment
Retail | 4,680 SqFt
Marketing description
Dramatic Price Reduction for a Quick
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.
Investment highlights
- 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
- PID’s: 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
- Available for Lease: 780 SF, 555 SF (drive-thru available)
- Parcel Area: 1.18 acres, 51,596 SF
- Year Built: 2001
- Zoning: B2 - Highway Business District
- 2026 Tax: $24,132
- Sale Price: $899,000
- Notes: 2017 Tax Cut and Jobs Act allows for up to accelerated depreciation on property improvements for car wash assets
- I-35 - 67,590 vpd
- W Broadway Ave - 24,665 vpd
Listing Contacts
Listed by Colliers - Minneapolis - St. Paul, Minnesota
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Is there information that looks off?
