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    Lake City, MN

    Lake City, MN Commercial Real Estate for Sale

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    Versatile Commercial Property on 7th Street
    Updated: Aug 10, 2024
    Versatile Commercial Property on 7th Street

    1215 N 7th Street, Lake City, MN 55041

    $1,500,000
    18,000 sqft 0.96 AC lot
    High visibility location on 7th Street with excellent signage potential.
    Versatile spaces suitable for professional offices, conference rooms, and warehouse use.
    Flexibility to customize space to meet specific business requirements.
    Ample asphalt parking for tenants and visitors.
    Separate heating sources and meters for each unit.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1215 N 7th Street, Lake City, MN 55041

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $131K
      Annual

    • Mortgage

      $7.85M
      May 2021

    • Last Sold

      May 2021
      $575K

    • Property Type

      Office Building
      Built 2005
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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
    View details
    Lake City Agricultural Land
    Lake City Agricultural Land

    Staehli Park Road, Lake City, MN 55041

    $637,500
    51.25 AC lot

    51.25 acres of agricultural land in Lake City, MN.

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    Flex Storage Condo
    Flex Storage Condo

    1200 N 10th Street, Lake City, MN 55041

    $140,000
    1,125 sqft

    Flex space storage condos with concrete floors and oversized overhead doors, offered as individual units for ownership.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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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    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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    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.

    Turnkey Drive-Through Restaurant
    Turnkey Drive-Through Restaurant

    415 Third Street, Pepin, WI 54759

    $250,000
    1,500 sqft 0.39 AC lot

    A well-equipped restaurant with comfortable dining space and a convenient drive-through for added service flexibility.

    View details
    General Commercial
    General Commercial

    415 Third Street, Pepin, WI 54759

    $250,000
    1,500 sqft

    Drive through restaurants · 1,500 SF

    View details
    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.

    View details
    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

    Value Estimation by Request
    1,845 sqft 0.06 AC lot
    View details
    924 7th St
    WAREHOUSE, STORAGE

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

    Value Estimation by Request
    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

    Value Estimation by Request
    0.42 AC lot
    View details
    1511 Wildwood Dr
    COMMERCIAL (GENERAL)

    1511 Wildwood Dr, Lake City, MN 55041-6111

    Value Estimation by Request
    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

    Value Estimation by Request
    View details
    30156 715th St
    COMMERCIAL (GENERAL)

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

    Value Estimation by Request
    2.06 AC lot
    View details
    2532 Clubhouse Dr
    COMMERCIAL (GENERAL)

    2532 Clubhouse Dr, Lake City, MN 55041-4919

    Value Estimation by Request
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    2,142 sqft 12.99 AC lot
    View details
    1057 Harvest Way
    COMMERCIAL (GENERAL)

    1057 Harvest Way, Lake City, MN 55041-2218

    Value Estimation by Request
    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 200,222 square feet of properties for sale, with an estimated market value of $5,906,500.

    Sale prices for business properties in Lake City, MN start at $140,000, averaging $984,416, 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 $1.5M

    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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