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Office Building with Parking
New
For Sale
$675,000

102 W Center Street, Lake City, MN 55041

The building includes additional office space and an off-street parking lot for business use.

Property SizeContact for details
Days on Market2

Property Features for 102 W Center Street

General Information

Standard status Active
Total Parking Spaces 18
Property subtype Commercial

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Built 1973
Buildings 1
Listing Agency: Century 21 Affiliated
Listed By: Michael Bartus
Source: Hometwincities
Added: Oct 11 Last Checked: Oct 11 at 3:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Affiliated

Investment Insights

Based on property information with market context.

Built in 1973, this office property includes a parking lot with 18 stalls and additional space that may be rented to other businesses. The adjoining office building is also for sale.

At the corner of Hwy 61 and Center Street in downtown Lake City, the property is near Lake Pepin, the marina, shops, and restaurants.

Key Highlights

  • 18‑stall off‑street parking lot
  • Additional office area available for rental to other businesses
  • Corner location at Hwy 61 and Center Street in downtown Lake City

Property Analytics

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Current Use

Verizon Electronics & Wireless Store

Suggested Use

Top Pick Law Firm Hair Salon Building Supply Skin Care Clinic Big Box & Wholesale Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

333
Businesses Nearby

Demographics for 55041, MN

7,800
Population
3,825
Households
2
Avg Household Size
49
Median Age
31%
College-Educated
96%
High-School Grad
143.9 sq mi
ZIP Area
54
Density / Sq Mi
$83,673
Median Household Income
$47,845
Median Earnings
$992
Median Rent
$265,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - The building includes additional office space and an off-street parking lot for business use.
Where is this office building located?
The property is located at 102 W Center Street Lake City, MN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 18‑stall off‑street parking lot; Additional office area available for rental to other businesses; Corner location at Hwy 61 and Center Street in downtown Lake City
More about this property
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