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Downtown Office Building
New
For Sale
$675,000

102 W Center Street, Lake City, MN 55041

Commercial Sale, Lake City, MN

Property SizeContact for details
Lot Size0.28 Acres
Days on Market2

Property Features for 102 W Center Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Rooms Basement
Parking features Parking Lot, Guest
Accessibility Accessible Approach with Ramp
Appliances Microwave, Refrigerator
Subdivision L C Fed S & L Assn Sub
Lot features Corner Lot
High school district Lake City
Directions Hwy 61 to W. Center St. Lake City
Standard status Active
APN 220037800
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 14162

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1973
Roof type Flat, Rubber
Listing Agency: Schurhammer Real Estate, LLC
Listed By: Diane Schurhammer
Added: Oct 9 Last Checked: Oct 10 at 6:06PM
MLS# 7156596

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office property, completed in 1973, includes a basement and a parking lot with 18 stalls. The building has central air conditioning, forced-air heat, a flat rubber roof, and an accessible approach with a ramp. A microwave and refrigerator are also included.

The property occupies a 0.28-acre lot at the intersection of Hwy 61 and Center Street in downtown Lake City. Lake Pepin, the marina, downtown shops, and restaurants are within steps of the building.

Key Highlights

  • 18 parking stalls in an on‑site lot
  • 0.28‑acre property at Hwy 61 and Center Street
  • Built in 1973; includes a basement

Property Analytics

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Current Use

Verizon Electronics & Wireless Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Law Firm Real Estate Agency Auto Parts Store Dental Office

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

Location Intelligence

Trade Area within ½ mile

378
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
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Frequently Asked Questions

What type of property is this?
Office building - The property offers additional office space that can be leased to other businesses.
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 parking stalls in an on‑site lot; 0.28‑acre property at Hwy 61 and Center Street; Built in 1973; includes a basement
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