Lake City, MN Commercial Real Estate for Sale

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Lakefront Guest Suite Property
Updated: Jun 10
Lakefront Guest Suite Property

1127 N Lakeshore Dr, Lake City, MN 55041

$2,325,000
0.71 AC lot
1985‑built hospitality property on Highway 61 in Lake City, MN, set on approximately 0.71 acres overlooking Lake Pepin
9 guest suites plus 2 lodge‑style units with panoramic Lake Pepin views
2003 renovation included complete interior refurbishment and modification of the original roofline
2008 construction of the building at 1115 N Lakeshore Drive added entirely new improvements
Municipal water and sewer services with ample on‑site parking
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Lake City Agricultural Land
Updated: Aug 2, 2025
Lake City Agricultural Land

Staehli Park Road, Lake City, MN 55041

$637,500
51.25 AC lot
51.25 acres of mostly agricultural land, ideal for various farming ventures.
Potential for residence on a 13.5 acre parcel with previous approval.
Leased land provides a steady income stream.
Includes 4 Parcel ID numbers: 321200161, 321200150, 320241700, 321200130.
Land currently in pasture or hay.
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Renovated Historic Lakefront Building
Renovated Historic Lakefront Building

119 S Washington Street, Lake City, MN 55041

$929,000
4,760 sqft

125-year-old building renovated ground up with lake and river views near the Lake City Marina.

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Retail/Office Flex Space
Retail/Office Flex Space

113 S Washington St, Lake City, MN 55041

Contact for pricing
1,472 sqft

Open floor plan with front and back entrances, plus on-street parking and a back parking lot.

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Industrial Sale-Leaseback Property
Industrial Sale-Leaseback Property

2001 S HWY 61, Lake City, MN 55041

Contact for pricing
176,337 sqft 8.06 AC lot

Industrial building offered on a new 10-year NNN lease with annual rent increases.

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Industrial Building with NNN Lease
Industrial Building with NNN Lease

2001 S Highway 61, Lake City, MN 55041

Contact for pricing
176,337 sqft 8.06 AC lot

176,337-square-foot industrial facility offered as a sale-leaseback with a new 10-year NNN lease.

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Downtown Office Building
Downtown Office Building

108 W Center St, Lake City, MN 55041

$375,000

Office building with multiple private offices, conference space, and handicap-accessible restrooms across main and second floors.

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Turn-Key Restaurant with Commercial Kitchen
Turn-Key Restaurant with Commercial Kitchen

800 W Lyon Ave, Lake City, MN 55041

Contact for pricing

Ready-for-occupancy restaurant space with full commercial kitchen, bar, dining room, ADA restrooms, and dedicated parking.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 8 Active listings in Lake City, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Versatile Farmland and Woods Acreage
Versatile Farmland and Woods Acreage

00 County Rd N, Pepin, WI 54759

$687,000
74.50 AC lot

Mixture of tillable farm ground and wooded acreage suitable for farming, recreation, and hunting.

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Restaurant with Drive-Through
Restaurant with Drive-Through

415 Third Street, Pepin, WI 54759

$250,000
1,500 sqft 0.39 AC lot

Furnished dining property with a fully equipped kitchen, central air, and public water and sewer service.

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Wabasha Land with Bluff Views
Wabasha Land with Bluff Views

215th Avenue lot: 18, Wabasha, MN 55981

$89,900
2.75 AC lot

Land for sale with Mississippi and Wisconsin bluff views.

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Wabasha Land with Bluff Views
Wabasha Land with Bluff Views

215th Avenue lot: 19, Wabasha, MN 55981

$89,900
3.02 AC lot

Land for sale with panoramic views near downtown Wabasha.

View details

Off-Market Properties in Lake City, MN

Consider similar Off-Market properties in Lake City, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

106 Lyon Ave
COMMERCIAL (GENERAL)

106 Lyon Ave, Lake City, MN 55041-1014

$260,000
Estimated value
1,845 sqft 0.06 AC lot
View details
924 7th St
WAREHOUSE, STORAGE

924 7th St, Lake City, MN 55041-1257

$290,000
Estimated value
3,672 sqft 0.33 AC lot
View details
2824 Oakhurst Dr
COMMERCIAL (GENERAL)

2824 Oakhurst Dr, Lake City, MN 55041-1951

Value Estimation by Request
View details
2240 Clubhouse Dr
COMMERCIAL (GENERAL)

2240 Clubhouse Dr, Lake City, MN 55041-4923

$85,000
Estimated value
0.42 AC lot
View details
1511 Wildwood Dr
COMMERCIAL (GENERAL)

1511 Wildwood Dr, Lake City, MN 55041-6111

$90,000
Estimated value
View details
532 Clover Ct
COMMERCIAL (GENERAL)

532 Clover Ct, Lake City, MN 55041

Value Estimation by Request
View details
2808 Oakhurst Dr
COMMERCIAL (GENERAL)

2808 Oakhurst Dr, Lake City, MN 55041-1951

Value Estimation by Request
View details
208 Winged Foot Cir
COMMERCIAL (GENERAL)

208 Winged Foot Cir, Lake City, MN 55041-4510

$90,000
Estimated value
View details
30156 715th St
COMMERCIAL (GENERAL)

30156 715th St, Lake City, MN 55041-5002

$90,000
Estimated value
2.06 AC lot
View details
2532 Clubhouse Dr
COMMERCIAL (GENERAL)

2532 Clubhouse Dr, Lake City, MN 55041-4919

$60,000
Estimated value
View details
136 Hillwood Dr
COMMERCIAL (GENERAL)

136 Hillwood Dr, Lake City, MN 55041-2209

Value Estimation by Request
View details
2717 Oakhurst Dr
COMMERCIAL (GENERAL)

2717 Oakhurst Dr, Lake City, MN 55041-1952

Value Estimation by Request
View details
2708 Oakhurst Dr
COMMERCIAL (GENERAL)

2708 Oakhurst Dr, Lake City, MN 55041-1952

$55,000
Estimated value
0.33 AC lot
View details
140 Medinah W Cir
COMMERCIAL (GENERAL)

140 Medinah W Cir, Lake City, MN 55041-4509

Value Estimation by Request
View details
67011 Hwy 63
STORES & APARTMENTS

67011 Hwy 63, Lake City, MN 55041-4908

$175,000
Estimated value
2,142 sqft 12.99 AC lot
View details
1057 Harvest Way
COMMERCIAL (GENERAL)

1057 Harvest Way, Lake City, MN 55041-2218

$55,000
Estimated value
0.17 AC lot
View details

Lake City, MN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Lake City, MN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 358,906 square feet of properties for sale, with an estimated market value of $4,266,500.

Sale prices for business properties in Lake City, MN start at $375,000, averaging $1,066,625, and reaching up to $2,325,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 7,532
Population Growth (5Y) -3.4%
Median Household Income $83,673
College Educated 43.3%

High-Yield Neighborhoods for Investment

Identify Lake City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
55041 $984.4K

Taxes & Financing

Tax Rate (average for all types) 2.19%
Property Tax per SF $19.09 per SF
Tax Rate vs County Average 0.20 pp above county avg
Average Loan-to-Value 65.0%

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