Two-Story Office
For Sale
$375,000
108 W Center Street, Lake City, MN 55041
Commercial Sale, Lake City, MN
Property SizeContact for details
Lot Size0.08 Acres
Days on Market185
Property Features for 108 W Center Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Business/Commercial
Parking features
On Street
Accessibility
Accessible Approach with Ramp
Subdivision
L C Fed S & L Assn Sub
High school district
Lake City
Directions
Hwy 61 to W Center St to building.
Standard status
Active
APN
R220037506
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11802
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
conference room
break room
work area
handicap accessible bathrooms
cubical space
storage
Building Details
Year built
1973
Roof type
Flat
Listing Agency:
Schurhammer Real Estate, LLC
(651) 345-2171
Listed By:
Diane Schurhammer
(651) 345-5667
Added: Apr 13
Changed: Oct 8
Last Checked: Oct 14 at 8:06AM
MLS# 7052965
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 has seven offices on the main floor, along with a conference room, a shared work area, a community break room, and two accessible bathrooms. The upper floor adds three offices, cubicle space, and a bathroom. An unfinished full basement provides additional storage. The building was constructed in 1973 and has forced-air heat and central air conditioning.
The property is at 108 W Center Street in downtown Lake City, near Lake Pepin and downtown shops and restaurants. The two front offices have large windows facing the street and sidewalk. On-street parking and an accessible approach ramp are provided.
The property is at 108 W Center Street in downtown Lake City, near Lake Pepin and downtown shops and restaurants. The two front offices have large windows facing the street and sidewalk. On-street parking and an accessible approach ramp are provided.
Key Highlights
- Seven main‑floor offices and three upper‑floor offices
- Conference room, shared work area, and community break room
- Two accessible bathrooms on the main floor; one bathroom upstairs
Property Analytics
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Current Use
Lease Details
10
Office units
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Includes multiple private offices, shared work areas, and an unfinished basement for storage.
Where is this office building located?
The property is located at 108 W Center Street Lake City, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Seven main‑floor offices and three upper‑floor offices; Conference room, shared work area, and community break room; Two accessible bathrooms on the main floor; one bathroom upstairs
