Restored Brick Retail
For Sale
$99,000
120 N Illinois Street, Lake City, IA 51449
COMMERCIAL - Other - Lake City, IA
Property SizeContact for details
Days on Market483
Property Features for 120 N Illinois Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Accessibility
Accessible Elevator Installed
Directions
From Hwy 175 turn North onto Illinois St. Go 1 block it is sit
Standard status
Active
APN
863307466001
Taxes and HOA fees
Tax Year
2025
Tax Description
O.T. BLOCK 4 N 44' LOTS 7 & 8 EX E 8' LOT 7
Tax Annual Amount
2382
Legal Description
O.T. BLOCK 4 N 44' LOTS 7 & 8 EX E 8' LOT 7
Utilities
Heating system
Ductless (Heating)
Building Details
Year built
1900
Number of units
1
Building materials
Brick
Architectural style
Other
Listing Agency:
Exit Country Realty
(515) 227-7355
Listed By:
Emily Melody · License #***
(712) 210-6449
Added: Apr 28, 2025
Changed: Aug 19
Last Checked: Aug 23 at 2:06PM
MLS# 6327054
Copyright © 2026 NoCoast 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.
Built in 1900, this brick commercial property occupies a prominent downtown-square setting and has been adapted for retail use. The building retains high ceilings, large windows, and its original architectural character, with renovations completed in 2016 and additional updates in 2024. The main level contains 1,833 square feet for displays, customer areas, or business operations, while the full basement adds approximately 1,800 SF for storage or office functions. An accessible elevator connects the levels.
The property previously operated as a restaurant and bar beginning in 2003, providing a layout that can accommodate dining, retail, office, or event-oriented concepts. On-street parking serves the property, and ductless heating is installed.
The property previously operated as a restaurant and bar beginning in 2003, providing a layout that can accommodate dining, retail, office, or event-oriented concepts. On-street parking serves the property, and ductless heating is installed.
Key Highlights
- 1,833‑square‑foot main floor configured for retail use
- Full basement of approximately 1,800 SF
- Brick building constructed in 1900
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sinclair
Shops & Services
3,637 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
1,376 visits/mo
0.4 miles
Demographics for 51449, IA
2,098
Population
910
Households
2.3
Avg Household Size
48
Median Age
18%
College-Educated
94%
High-School Grad
89.7 sq mi
ZIP Area
23
Density / Sq Mi
$66,750
Median Household Income
$41,150
Median Earnings
$761
Median Rent
$119,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Historic commercial layout includes a full basement, accessible elevator, and on-street parking.
Where is this retail space located?
The property is located at 120 N Illinois Street Lake City, IA.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 1,833‑square‑foot main floor configured for retail use; Full basement of approximately 1,800 SF; Brick building constructed in 1900
