Hotel With Lodge
For Sale
$2,325,000
1127 N Lakeshore Dr, Lake City, MN 55041
Residential Income, Lake City, MN
Property SizeContact for details
Lot Size0.71 Acres
Days on Market97
Property Features for 1127 N Lakeshore Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Directions
From Red Wing, MN : Travel south on Highway 61 approximately 16 miles into Lake City. The property will be located on the right side of Highway 61 at 1115 & 1127 N Lakeshore Drive.
Standard status
Active
Lot size
0.71 Acres
Building Details
Year built
1985
Listing Agency:
High Point Land Company, LLC
(319) 559-2345
Listed By:
Trevor Glomski · License #9548394
(507) 218-1243
Added: Jun 10
Changed: Sep 4
Last Checked: Sep 14 at 12:06PM
MLS# 11816892
Copyright © 2026 My State 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 hospitality property occupies approximately 0.71 acres and includes nine guest suites plus two lodge-style units with views of Lake Pepin. The larger units provide flexible accommodation options within the existing lodging operation, while dedicated office space can support management, guest services, administration, or storage. Municipal water and sewer service, on-site parking, and established infrastructure are in place.
The property fronts the Highway 61 corridor in Lake City, Minnesota, along the shores of Lake Pepin. Improvements reflect multiple stages of investment: portions of the original property date to 1985, a substantial renovation and redevelopment was completed in 2003, and a separate building at 1115 N Lakeshore Drive was constructed in 2008. Exterior staining and chinking were completed in 2025.
The property fronts the Highway 61 corridor in Lake City, Minnesota, along the shores of Lake Pepin. Improvements reflect multiple stages of investment: portions of the original property date to 1985, a substantial renovation and redevelopment was completed in 2003, and a separate building at 1115 N Lakeshore Drive was constructed in 2008. Exterior staining and chinking were completed in 2025.
Key Highlights
- Nine guest suites and two lodge‑style units
- Approximately 0.71 acres overlooking Lake Pepin
- Located along the Highway 61 corridor
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
193
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 Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Hotel - Waterfront hospitality property with flexible lodging accommodations, municipal utilities, parking, and established guest infrastructure.
Where is this hotel located?
The property is located at 1127 N Lakeshore Dr Lake City, MN.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: Nine guest suites and two lodge‑style units; Approximately 0.71 acres overlooking Lake Pepin; Located along the Highway 61 corridor
