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Lake City, MN Restaurants for Sale

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Lake City Landmark For Sale
$395,000
0.07 Acres

Lake City Landmark For Sale

100 S Washington Street, Lake City, MN 55041

Well-maintained commercial building in downtown Lake City, Minnesota.

  • Prime location in downtown Lake City, one block from Lake Pepin and the Lake City Marina, attracting both locals and tourists.
  • Well‑maintained, historic brick building constructed in 1892, featuring original oak craftsmanship.
  • Established business location (Old Bank Bar & Grill & Banquet Room) with a successful 45‑year operating history (1980‑2025).
  • Spacious main floor and upper‑level banquet space with large windows, offering versatile options for future business endeavors.
  • Durable construction materials: Block, Brick, and Concrete exterior with a Rubber roof.
Updated: Jul 9, 2025
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Based on your search, we've compiled 20 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 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

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

Established Restaurant with Drive-Through
$275,000
1,500 SF

Established Restaurant with Drive-Through

Turnkey restaurant with drive-through in prime location.

415 Third Street, Pepin, WI 54759
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Highway 52 Commercial Building
$3,300,000
7,522 SF

Highway 52 Commercial Building

7,522 SF commercial building with drive-thru on Highway 52.

4107 US-52, Rochester, MN
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Corner Lot in Lowertown District
$750,000
2,566 SF

Corner Lot in Lowertown District

Redevelopment opportunity near Mayo Clinic and downtown Rochester.

11 5th St NW, Rochester, MN
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General Commercial
$275,000
1,500 SF

General Commercial

Drive through restaurants · 1,500 SF

415 Third Street, Pepin, WI 54759
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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.

Commercial Land in Ellsworth, WI
$699,000
0.69 Acres

Commercial Land in Ellsworth, WI

0.69 acre commercial land for sale in Ellsworth, Wisconsin.

314 N Maple Street, Ellsworth, WI 54011
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Commercial Lot in Southwest Rochester
$775,400
1.02 Acres

Commercial Lot in Southwest Rochester

1.02-acre commercial lot in an expanding Rochester location.

Lot 2 Commercial Drive SW, Rochester, MN 55902
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Prime Commercial Land in Lakeville
$1,120,000
1.83 Acres

Prime Commercial Land in Lakeville

1.83 acre commercial land with high visibility in Lakeville.

20830 Keokuk Avenue, Lakeville, MN 55044
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Turtle Lake Commercial Land Available
$1,000,000
11.71 Acres

Turtle Lake Commercial Land Available

11.71 acres of commercial land in Turtle Lake, Wisconsin.

Industrial Avenue, Turtle Lake, WI 54889
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Explore 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.

209 Lakeshore Dr

209 Lakeshore Dr

RESTAURANT • 2,329 SF
Value Estimation by Request
209 Lakeshore Dr, Lake City, MN 55041-1642
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402 Lakeshore Dr

402 Lakeshore Dr

RESTAURANT • 2,298 SF
Value Estimation by Request
402 Lakeshore Dr, Lake City, MN 55041-1760
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212 Washington St

212 Washington St

RESTAURANT • 1,535 SF
Value Estimation by Request
212 Washington St, Lake City, MN 55041-1036
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310 Washington St

310 Washington St

RESTAURANT • 3,523 SF
Value Estimation by Request
310 Washington St, Lake City, MN 55041-1038
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821 Lakeshore Dr

821 Lakeshore Dr

DRIVE-THRU RESTAURANT, FAST FOOD • 1,449 SF
Value Estimation by Request
821 Lakeshore Dr, Lake City, MN 55041-1122
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1702 Lakeshore Dr, Unit 7

1702 Lakeshore Dr, Unit 7

RESTAURANT • 4,268 SF
Value Estimation by Request
1702 Lakeshore Dr, Lake City, MN 55041-9050
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317 Lakeshore Dr

317 Lakeshore Dr

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

115 Lakeshore Dr

BAR, TAVERN • 1,495 SF
Value Estimation by Request
115 Lakeshore Dr, Lake City, MN 55041-1640
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1525 Lakeshore Dr

1525 Lakeshore Dr

DRIVE-THRU RESTAURANT, FAST FOOD • 3,434 SF
Value Estimation by Request
1525 Lakeshore Dr, Lake City, MN 55041
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115 Franklin St

115 Franklin St

BAR, TAVERN • 6,538 SF
Value Estimation by Request
115 Franklin St, Lake City, MN 55041-1067
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1900 Clubhouse Dr

1900 Clubhouse Dr

RESTAURANT • 6,228 SF
Value Estimation
$605,000
1900 Clubhouse Dr, Lake City, MN 55041-9203
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Lake City, MN Restaurants Investment Opportunities Market Analysis

Explore 12 restaurants for sale in Lake City, MN on our real estate platform. These investment opportunities span a total of 19,356 square feet of properties for sale, with an estimated market value of $1,210,000.

Sale prices for restaurant properties in Lake City, MN start at $100,000, averaging $242,000, and reaching up to $395,000 — 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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