Building Details

Buildings 1

Listing Agency: Hamilton Real Estate Show Phone

Listed By: Ari Kolas Show Phone

Source: Moodyscre

Added: Oct 1 Changed: Oct 4 Last Checked: Oct 4 at 2:24PM

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Investment Insights

Based on property information with market context.

An operating restaurant and event facility occupies a 35,615-square-foot building on 7.72 acres. The property is located at 2101 S Highway 61 in Lake City, Minnesota.

Key Highlights

• 35,615‑square‑foot building on 7.72 acres
• Operating restaurant and event facility
• Located at 2101 S Highway 61 in Lake City, Minnesota

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Hotel & Motel Department Store Shopping Center & Mall

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The operating venue occupies a substantial building on a sizable parcel.

Where is this conventional restaurant located?

The property is located at 2101 S Highway 61 Lake City, MN.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 35,615‑square‑foot building on 7.72 acres; Operating restaurant and event facility; Located at 2101 S Highway 61 in Lake City, Minnesota