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    Property profile & analytics

    Lake City, MN 55041

    • Turn key restaurants
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1810046
    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

    • Turn key restaurants

    Property Details for Lake

    Year built
    1983
    Property type
    Turn key restaurants
    APN
    54.240.0060
    APU
    542400060

    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
    -92.2842
    Latitude
    44.4623
    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
    $884
    $12,600
    $15,800
    $28,400
    -
    $12,600
    $15,800
    $28,400

    Comparable in this City

    • Value Estimation
      $315,000
      2,329 SF

      209 Lakeshore Dr

      RESTAURANT • 2,329 SF
      209 Lakeshore Dr, Lake City, MN 55041-1642
      View Details
    • Value Estimation
      $255,000
      3,523 SF

      310 Washington St

      RESTAURANT • 3,523 SF
      310 Washington St, Lake City, MN 55041-1038
      View Details
    • Value Estimation
      $240,000
      2,502 SF

      317 Lakeshore Dr

      RESTAURANT • 2,502 SF
      317 Lakeshore Dr, Lake City, MN 55041-1552
      View Details
    • Value Estimation by Request
      40 SF

      Lake

      RESTAURANT • 40 SF
      Lake, City, MN 55041
      View Details
    • Value Estimation
      $125,000
      2,298 SF

      402 Lakeshore Dr

      RESTAURANT • 2,298 SF
      402 Lakeshore Dr, Lake City, MN 55041-1760
      View Details
    • Value Estimation by Request
      6,228 SF

      1900 Clubhouse Dr

      RESTAURANT • 6,228 SF
      1900 Clubhouse Dr, Lake City, MN 55041-9203
      View Details

    Similar Nearby for Sale

    • $395,000
      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
    • New
      $44,000
      0.36 Acres

      Wooded Building Site Near Golf

      Residential land in a golf-friendly community, near Lake Pepin.
      2720 Oakhurst Dr, Lake City, MN 55041
      View Details
    • New
      Contact for pricing
      0.19 Acres

      Residential Lot with Bluff Views

      Residential lot near golf course with views in Lake City.
      574 Cedar Dr, Lake City, MN 55041
      View Details
    • New
      Contact for pricing
      0.35 Acres

      Residential Lot with Bluff Views

      0.35 acre residential lot with solar exposure and views.
      612 Crimson Way, Lake City, MN 55041
      View Details
    • Contact for pricing
      0.03 Acres

      Residential Land in Lake City

      Land with views, suitable for residential construction in Lake City.
      112 Harmony Way, Lake City, MN 55041
      View Details
    • $637,500
      51.25 Acres

      Lake City Agricultural Land

      51.25 acres of agricultural land in Lake City, MN.
      Tbd Staehli Park Rd, Lake City, MN 55041
      View Details
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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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