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    Lake City, MN Restaurants for Sale

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    Historic Brick Bar Building
    Updated: Jul 29
    Historic Brick Bar Building

    100 S Washington St, Lake City, MN 55041

    $389,900
    7,250 sqft
    7,250‑square‑foot brick building constructed in 1892
    Oak craftsmanship reflects the building’s original construction
    Two‑level configuration with main floor and upper banquet area
    Converted to bar and second‑floor banquet use in 1978
    Corner location at South Washington Street and Lyon Street
    View details
    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 17 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 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.

    Historic 22-Room Hotel
    Historic 22-Room Hotel

    333 Main Street W, Wabasha, MN 55981

    $675,000
    0.42 AC lot

    Hospitality property combines lodging, restaurant service, a wine tasting bar, and an intimate lower-level bar.

    View details
    Remodeled Mixed-Use Armory Building
    Remodeled Mixed-Use Armory Building

    217 Plum Street, Red Wing, MN 55066

    $850,000

    Historic brick-and-stone property combines restaurant and office space across nine units.

    View details
    Coffee Shop Building with Outdoor Deck
    Coffee Shop Building with Outdoor Deck

    330 2nd St W, Wabasha, MN 55981

    $370,000

    Updated commercial building with kitchen, retail floor, and flexible upper- and lower-level space.

    View details
    Single-Tenant Coffee Shop
    Single-Tenant Coffee Shop

    3038 N Service Dr, Red Wing, MN 55066

    Contact for pricing

    Newly developed Caribou Coffee property subject to a triple-net lease.

    View details

    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 with Highway Frontage
    Commercial Land with Highway Frontage

    100th Street NW, Oronoco, MN 55960

    $3,500,000
    0.50 AC lot

    Commercial land offers Hwy 52 exposure, convenient access, and water availability for future building development.

    View details

    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
    RESTAURANT

    209 Lakeshore Dr, Lake City, MN 55041-1642

    $260,000
    Estimated value
    2,329 sqft 0.12 AC lot
    View details
    402 Lakeshore Dr
    RESTAURANT

    402 Lakeshore Dr, Lake City, MN 55041-1760

    $100,000
    Estimated value
    2,298 sqft 0.17 AC lot
    View details
    212 Washington St
    RESTAURANT

    212 Washington St, Lake City, MN 55041-1036

    $210,000
    Estimated value
    1,535 sqft 0.04 AC lot
    View details
    310 Washington St
    RESTAURANT

    310 Washington St, Lake City, MN 55041-1038

    $265,000
    Estimated value
    3,523 sqft
    View details
    821 Lakeshore Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    821 Lakeshore Dr, Lake City, MN 55041-1122

    $260,000
    Estimated value
    1,449 sqft
    View details
    1702 Lakeshore Dr, Unit 7
    RESTAURANT

    1702 Lakeshore Dr, Lake City, MN 55041-9050

    Unit 7
    $285,000
    Estimated value
    4,268 sqft
    View details
    317 Lakeshore Dr
    RESTAURANT

    317 Lakeshore Dr, Lake City, MN 55041-1552

    $270,000
    Estimated value
    2,502 sqft
    View details
    115 Lakeshore Dr
    BAR, TAVERN

    115 Lakeshore Dr, Lake City, MN 55041-1640

    $245,000
    Estimated value
    1,495 sqft 0.05 AC lot
    View details
    1525 Lakeshore Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    1525 Lakeshore Dr, Lake City, MN 55041

    $355,000
    Estimated value
    3,434 sqft
    View details
    115 Franklin St
    BAR, TAVERN

    115 Franklin St, Lake City, MN 55041-1067

    $265,000
    Estimated value
    6,538 sqft
    View details
    1900 Clubhouse Dr
    RESTAURANT

    1900 Clubhouse Dr, Lake City, MN 55041-9203

    $605,000
    Estimated value
    6,228 sqft 3.69 AC lot
    View details

    Lake City, MN Restaurants Market Trends and Statistics

    Explore 12 restaurants for sale in Lake City, MN on our real estate platform. These investment opportunities span a total of 7,250 square feet of properties for sale, with an estimated market value of $389,900.

    Sale prices for restaurant properties in Lake City, MN average $389,900 — 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

    Bars & Pubs 1
    Conventional restaurants 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Lake City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    55041 $389.9K

    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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