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Property profile & analytics
OFF-MARKET
Bars & Pubs

115 Lakeshore Dr Lake City, MN 55041-1640

1,495 SF 0.05 ac lot Built 1900
Individually Owned 10-yr Hold Free & Clear
Property ID
US46-3001946
Property summary
AI-generated overview

This exceptional opportunity presents the chance to acquire a well-established and fully remodeled bar and building in the charming town of Lake City, Minnesota. Located at 115 S Lakeshore Dr, this 1,495 square foot, single-story Class B building sits on a 0.05-acre lot and boasts a prime location just steps from scenic Lake Pepin. Built in 1900, the property has been meticulously maintained, featuring updated amenities including spotless ceramic tile bathrooms and a spacious basement offering ample storage. The business includes all equipment and inventory, providing a truly turnkey operation. The pub enjoys a loyal customer base, further enhanced by popular weekly pool and dart leagues, fostering a warm, small-town atmosphere. Conveniently situated within easy driving distance of Red Wing, Rochester, and Winona, this business benefits from a strong regional draw. The property is zoned for commercial land and buildings. Financial information is available upon request to qualified buyers. This is an ideal investment for those seeking to expand their portfolio or embark on a new venture in a thriving lakeside community. Asking price is $280,000.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1900
Total area 1,495 SF
Lot 0.05 ac (2,178 SF)
APN R22.00298.00
UPID US46-3001946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TJ's Lakeshore Pub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Timothy J Pfeilsticker · 10 yrs held
Timothy J Pfeilsticker
since 2016
1 recorded transaction
2016
$185,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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