Lake City, IA Restaurants for sale

Updated: Apr 28, 2025

Historic Carnegie Retail Space

120 N Illinois Street, Lake City, IA 51449

$99,000

1,833‑square‑foot main floor with approximately 1,800 SF basement
Built in 1900 as a Carnegie Library
Brick construction with high ceilings and large windows
Extensive interior and exterior renovations completed in 2016; updated in 2024
Previously operated as the Carnegie Cafe restaurant and bar

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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Lake City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 1 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.

Bar & Pub with Full Kitchen

1004 Main Street, Manson, IA 50563

$265,000

0.12 AC lot

Existing food-and-beverage establishment with dedicated dining space, bar service, and commercial kitchen improvements.

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Restaurant Building With Bar

1029 Main St, Manson, IA 50563

$299,900

0.17 AC lot

Configured with a commercial kitchen, dining area, and bar space.

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Bar and Lounge with Kitchen

1115/22 1st Ave N N 12th St, Fort Dodge, IA 50501

$295,000

0.04 AC lot

The property combines a bar/lounge setting with an on-site kitchen.

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Mixed-Use Building with Basement

509 1/2 1st Ave North, Fort Dodge, IA 50501

Contact for pricing

Includes two kitchens, bar fixtures, upper-level space, and a full basement for storage or apartment reconstruction.

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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.

Arterial Commercial Land

Leah Lane lot: 1 Triton Pl, Fort Dodge, IA 50501

$845,000

2.98 AC lot

Commercially zoned land with public water, public sewer, and natural gas availability.

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Off-Market Properties in Lake City, IA

Consider similar Off-Market properties in Lake City, IA. 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.

RESTAURANT

808 Main St, Lake City, IA 51449-1529

$275,000

Estimated value

2,828 sqft 0.28 AC lot

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NIGHTCLUB (COCKTAIL LOUNGE)

116 Illinois St, Lake City, IA 51449-1707

$260,000

Estimated value

2,552 sqft 0.06 AC lot

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Lake City, IA Restaurants Market Trends and Statistics

Explore 3 restaurants for sale in Lake City, IA on our real estate platform.

Sale prices for restaurant properties in Lake City, IA average $99,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
51449	$99K

Neighborhood

Average Price

51449

$99K

Lake City, IA Restaurants for Sale

120 N Illinois Street, Lake City, IA 51449