Property profile

1215 N 7Th St Lake City, MN 55041

FOR LEASE
Office buildings
Property ID
US46-1395437
14,300 SF Built 2005
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Commercial building in Lake City, Minnesota with metal-frame construction and a mix of professional office, conference, and warehouse-oriented spaces. The property is configured as multiple units and includes separate heating sources and individual meters for each unit. Shared facilities include bathrooms, a lunch room, and convenient shared entrances. The building sits with surrounding asphalt parking for tenants and visitors and has frontage on 7th Street, supporting signage opportunities. Interior configuration is adaptable for uses such as professional offices, open warehouse space, or a combination of office and warehouse areas; the building layout includes multiple suites with approximate sizes of 3,305 square feet (Suite A), 530 square feet (Suite B1), and 1,590 square feet (Suite C).

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2005
Total area 14,300 SF
APN 54.135.0090
UPID US46-1395437

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Gym & Fitness Center
  • Medical Clinic
  • Alternative Medicine Practice Spa & Massage Center

Location

1215 N 7Th St Lake City, MN 55041
Lake City metro Census 80300 RED WING, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$685k

Owner & transaction history

since 2021
Last sale
$574,848
7 recorded transactions
2021
$1.0M
2021
$1.0M
2021
Price N/A
2018
Price N/A
2017
$315,000
2017
$574,848
2017
$575,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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