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    Lake City, MN
    Residential Income

    Lake City, MN Residential Income Properties for Sale

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    Stockholm, WI Frontenac, MN Pepin, WI Wabasha, MN Plum City, WI Maiden Rock, WI Arkansaw, WI Red Wing, MN
    Hotel With Lodge Units
    Updated: Jun 10
    Hotel With Lodge Units

    1127 N Lakeshore Dr, Lake City, MN 55041

    $2,325,000
    0.71 AC lot
    Nine guest suites and two lodge‑style units
    Approximately 0.71 acres overlooking Lake Pepin
    Located along the Highway 61 corridor
    Municipal water and sewer service with on‑site parking
    Substantial renovation and redevelopment completed in 2003
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Storefront with Apartment
    Mixed-Use Storefront with Apartment

    311 Main Street, Plum City, WI 54761

    $499,000
    4,608 sqft 0.32 AC lot

    Hardware retail space occupies the main floor, with a four-bedroom apartment above and a partial basement below.

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    Updated Duplex with Garage
    Updated Duplex with Garage

    1134 Central Avenue, Red Wing, MN 55066

    $215,000
    1,946 sqft 0.17 AC lot

    Upper-and-lower layout with refreshed interiors, rear garage storage, and driveway parking on a corner lot.

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    Updated Upper/Lower Duplex
    Updated Upper/Lower Duplex

    1134 Central Avenue, Red Wing, MN 55066

    $215,000
    1,946 sqft

    Two residential units offer a two-bedroom main floor and an upper-level 1+-bedroom layout.

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    Vacant Triplex
    Vacant Triplex

    1-3-408 Main St, Plum City, WI 54761

    $189,900
    2,910 sqft

    Three unoccupied units provide flexibility for renovation, leasing, or owner occupancy.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Lake City
    Residential Land in Lake City

    112 Harmony Way, Lake City, MN 55041

    Contact for pricing
    0.03 AC lot

    Land with views, suitable for residential construction in Lake City.

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    Residential Land with Bluff Views
    Residential Land with Bluff Views

    1431 Woodland Way, Lake City, MN 55041

    $49,900
    0.31 AC lot

    Large building site with pond and bluff views.

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    Residential Building Lot
    Residential Building Lot

    149 W Emerald Lake, Lake City, MN 55041

    $49,900
    0.36 AC lot

    Build in a scenic Mississippi River Valley bluff setting near Lake City’s outdoor recreation.

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    Residential Land in Lake City
    Residential Land in Lake City

    2250 Clubhouse Drive, Lake City, MN 55041

    $84,900
    0.45 AC lot

    Residential land with views of golf course, ponds, woods.

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    Off-Market Properties in Lake City, MN

    Consider similar Off-Market properties in Lake City, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    909 Lakewood Ave
    MOBILE HOME PARK, TRAILER PARK

    909 Lakewood Ave, Lake City, MN 55041-2210

    $2,595,000
    Estimated value
    View details
    71109 Hwy 61
    MOBILE HOME PARK, TRAILER PARK

    71109 Hwy 61, Lake City, MN 55041

    $255,000
    Estimated value
    960 sqft 38.94 AC lot
    View details

    Lake City, MN Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Lake City, MN on our real estate platform.

    Sale prices for residential income properties in Lake City, MN average $2,325,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 1
    Short term rental properties 1

    Demographics Overview

    Population 7,532
    Population Growth (5Y) -3.4%
    Median Household Income $83,673
    College Educated 43.3%

    Taxes & Financing

    Tax Rate (average for all types) 2.19%
    Property Tax per SF $19.09 per SF
    Tax Rate vs County Average 0.20 pp above county avg
    Average Loan-to-Value 65.0%

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