Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1215 N 7Th St Lake City, MN 55041

    For Sale
    $1,500,000

    Commercial property with income potential in Lake City, Minnesota.

    Property size:
    18,000 SF
    Lot size:
    1.46 Acres

    Property Features for 1215 N 7Th St

    General Information

    Size
    18,000 SF
    Lot size
    1.46 Acres

    Source: Realty Growth, Inc Agent Bucky Beeman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Built Commercial Property For Sale

    This extremely well-built commercial property offers income from existing tenants and vacant space suitable for occupancy or rental. Constructed with a metal frame, the property features separate heating sources and meters for each unit, facilitating tenant billing. The building includes a mix of space types, ranging from warehouse and professional office space to conference rooms. The property offers opportunities to increase value by enhancing income and business potential. Shared common bathrooms, a lunch room, and entrances are available. An asphalt parking lot surrounds the exterior, providing ample parking. Signage opportunities are available on the facade, visible from 7th Street. The property's size is 18000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Goihl Chiropractic Chiropractor Rivers Edge Wellness Yoga Instructor ActivePT - Lake City Physical Therapy Clinic Balanced Body Massage ... Massage Spa

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Wabasha
    State
    Minnesota
    Longitude
    -92.2858075
    Latitude
    44.4546735

    Nearby Similar for Sale

    • $425,000
      0.07 Acres

      Lake City Landmark For Sale

      Well-maintained commercial building in downtown Lake City, Minnesota.
      100 S Washington St, Lake City, MN 55041
      View Details
    • $285,000
      2,010 SF

      Income-Producing Duplex with Recent Updates

      Updated duplex with short-term rental history and flexible living options.
      311 N Prairie St, Lake City, MN 55041
      View Details
    • $464,900
      1,513 SF

      Condo with Lake Pepin Views

      Immaculate condo with lake views, downtown location, and great amenities.
      101 S Washington St, Lake City, MN 55041
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial property with income potential in Lake City, Minnesota.
    Where is this office building located?
    The property is located at 1215 N 7Th St Lake City, MN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Income potential from existing tenants and vacant space; - Metal frame construction for durability; - Separate heating sources and meters for each unit
    (507) 951-7130
    Request Owner's contact information
    1215 N 7Th St Lake City, MN 55041
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1215 N 7Th St
    Lake City, MN 55041
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 N 7Th St Lake City, MN 55041
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.