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    Property profile & analytics

    Lake City, MN 55041

    • Retail space
    • 1,092 SF
    OFF-MARKET
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US46-1695348
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for Lake

    Year built
    2006
    Property size
    1,092 SF
    Property type
    Retail space
    APN
    54.165.0105
    APU
    541650105

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    City
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.2811
    Latitude
    44.4586
    CBSA code
    39860
    CBSA name
    RED WING, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,066
    $40,000
    $90,700
    $130,700
    -
    $40,000
    $90,700
    $130,700

    Comparable in this City

    • Value Estimation by Request

      Lake

      RETAIL STORES (PERSONAL SERVICES)
      Lake, City, MN 55041
      View Details
    • Value Estimation
      $365,000
      864 SF

      Lake

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      Lake, City, MN 55041
      View Details
    • Value Estimation
      $220,000
      2,304 SF

      719 Lyon Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,304 SF
      719 Lyon Ave, Lake City, MN 55041-1619
      View Details
    • Value Estimation
      $335,000
      1,350 SF

      Lake

      RETAIL STORES (PERSONAL SERVICES) • 1,350 SF
      Lake, City, MN 55041
      View Details
    • Value Estimation
      $340,000
      9,816 SF

      1355 7th St

      RETAIL STORES (PERSONAL SERVICES) • 9,816 SF
      1355 7th St, Lake City, MN 55041-1251
      View Details
    • Value Estimation
      $225,000
      6,192 SF

      801 Lyon Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,192 SF
      801 Lyon Ave, Lake City, MN 55041-2058
      View Details

    Similar Nearby 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
    • $44,000
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      Residential Lot with Bluff Views

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    • $84,900
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      Residential Land with Golf Views

      Residential land offering expansive views of golf course and bluffs.
      2250 Clubhouse Dr, Lake City, MN 55041
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    • $637,500
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      Lake City Agricultural Land

      51.25 acres of agricultural land in Lake City, MN.
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    • Contact for pricing
      0.01 Acres

      Residential Lot with Bluff Views

      Flat residential lot with scenic bluff views near Lake City.
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    City, MN 55041
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    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
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