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    Property profile & analytics

    Lake City, MN 55041

    • Grocery and convenience stores
    • 280 SF
    • 0.01 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-2994088
    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

    • Grocery and convenience stores

    Property Details for Lake

    Year built
    1920
    Lot size
    0.01 lot acres
    Property size
    280 SF
    Property type
    Grocery and convenience stores
    APN
    R22.00291.03
    APU
    R220029103

    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
    Wabasha
    State
    Minnesota
    Longitude
    -92.2654
    Latitude
    44.4491
    CBSA code
    40340
    CBSA name
    ROCHESTER, MN METROPOLITAN 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
    2024
    $314
    $4,600
    $12,300
    $16,900
    -
    $4,600
    $12,300
    $16,900

    Comparable in this City

    • Value Estimation
      $190,000
      2,160 SF

      1609 Lakeshore Dr

      CONVENIENCE STORE • 2,160 SF
      1609 Lakeshore Dr, Lake City, MN 55041-9023
      View Details
    • Value Estimation
      $505,000
      25,420 SF

      310 Lakeshore Dr

      GROCERY, SUPERMARKET • 25,420 SF
      310 Lakeshore Dr, Lake City, MN 55041-1759
      View Details
    • Value Estimation by Request

      Lake

      RETAIL STORES (PERSONAL SERVICES)
      Lake, City, MN 55041
      View Details
    • Value Estimation
      $280,000
      2,640 SF

      107 Ctr St

      LAUNDROMAT (SELF-SERVICE) • 2,640 SF
      107 Ctr St, Lake City, MN 55041-1635
      View Details
    • Value Estimation by Request
      6,862 SF

      105 Lyon Ave

      FINANCIAL BUILDING • 6,862 SF
      105 Lyon Ave, Lake City, MN 55041-1013
      View Details
    • Value Estimation
      $355,000
      1,092 SF

      Lake

      RETAIL STORES (PERSONAL SERVICES) • 1,092 SF
      Lake, City, MN 55041
      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
      0.36 Acres

      Residential Land Near Golf Course

      Wooded building site near golf and Lake Pepin.
      2720 Oakhurst Dr, Lake City, MN 55041
      View Details
    • 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
    • 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
    • $37,500
      0.25 Acres

      Residential Lot with Bluff Views

      0.25 acre corner lot to build your dream home.
      200 Winged Foot Cir, Lake City, MN 55041
      View Details
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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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