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    Lake City, IA
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    Lake City, IA Retail Properties & Spaces for Sale

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    Restored Brick Retail Space
    Updated: Apr 28, 2025
    Restored Brick Retail Space

    120 N Illinois Street, Lake City, IA 51449

    $99,000
    1,833‑square‑foot main floor configured for retail use
    Full basement of approximately 1,800 SF
    Brick building constructed in 1900
    Renovations completed in 2016 with updates in 2024
    Accessible elevator installed
    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 55 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 46 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.

    Freestanding Dollar General Store
    Freestanding Dollar General Store

    420 East Main Street, Sac City, IA 50583

    $540,000
    9,014 sqft 1.31 AC lot

    NN+ leased Dollar General store in Sac City, Iowa.

    View details
    Open Flex Space
    Open Flex Space

    936 E Us Highway 30, Carroll, IA 51401

    $284,500
    0.50 AC lot

    Shop-style commercial space with brick and metal siding, public utilities, and forced-air heating.

    View details
    Flex Facility With Loading Dock
    Flex Facility With Loading Dock

    1723 Radiant Road, Carroll, IA 51401

    $1,300,000

    Steel flex facility with an open interior, existing offices, break room, and delivery infrastructure.

    View details
    Automotive Property with Front Exposure
    Automotive Property with Front Exposure

    1705 W Main Street, Sac City, IA 50583

    $305,000

    Auto parts store with restrooms, public utilities, and covered, driveway, and open parking.

    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 Parcel
    Commercial Land Parcel

    FTD DIERSEN 2ND ADD lot: 3, Fort Dodge, IA 50501

    $90,000
    0.95 AC lot

    Commercially zoned parcel with public water and sewer service.

    View details
    Arterial Commercial Land
    Arterial Commercial Land

    S Tower Drive & Kenyon Road lot: 3 Triton Pl, Fort Dodge, IA 50501

    $1,076,000
    3.80 AC lot

    Commercial land with public water, public sewer, and natural gas availability.

    View details
    Commercial Land with Public Utilities
    Commercial Land with Public Utilities

    FTD DIERSEN ADD lot: 2, Fort Dodge, IA 50501

    $1,124,500
    17.50 AC lot

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

    View details
    Commercial Development Lot
    Commercial Development Lot

    FTD DIERSEN 2ND ADDITION lot: #5, Fort Dodge, IA 50501

    $90,000
    0.98 AC lot

    Commercially zoned land with public water and sewer infrastructure in place.

    View details

    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.

    113 Main St
    RETAIL STORES (PERSONAL SERVICES)

    113 Main St, Lake City, IA 51449-1731

    $160,000
    Estimated value
    2,480 sqft 0.06 AC lot
    View details
    101 Ctr St
    RETAIL STORES (PERSONAL SERVICES)

    101 Ctr St, Lake City, IA 51449-1701

    $260,000
    Estimated value
    5,265 sqft 0.07 AC lot
    View details
    205 Jefferson St
    RETAIL STORES (PERSONAL SERVICES)

    205 Jefferson St, Lake City, IA 51449-2019

    $165,000
    Estimated value
    2,072 sqft 0.10 AC lot
    View details
    821 Main St
    GROCERY, SUPERMARKET

    821 Main St, Lake City, IA 51449

    $240,000
    Estimated value
    12,958 sqft 0.95 AC lot
    View details
    123 Ctr St
    RETAIL STORES (PERSONAL SERVICES)

    123 Ctr St, Lake City, IA 51449-1701

    $165,000
    Estimated value
    1,610 sqft 0.06 AC lot
    View details
    101 Ctr St
    RETAIL STORES (PERSONAL SERVICES)

    101 Ctr St, Lake City, IA 51449-1705

    $275,000
    Estimated value
    2,904 sqft 0.03 AC lot
    View details
    120 Illinois St
    RETAIL STORES (PERSONAL SERVICES)

    120 Illinois St, Lake City, IA 51449-1707

    $255,000
    Estimated value
    1,833 sqft 0.13 AC lot
    View details
    214 Main St
    AUTO REPAIR, GARAGE

    214 Main St, Lake City, IA 51449-1714

    $250,000
    Estimated value
    3,950 sqft 0.20 AC lot
    View details
    808 Main St
    RESTAURANT

    808 Main St, Lake City, IA 51449-1529

    $275,000
    Estimated value
    2,828 sqft 0.28 AC lot
    View details
    103 37th Rd
    RETAIL STORES (PERSONAL SERVICES)

    103 37th Rd, Lake City, IA 51449-3033

    $630,000
    Estimated value
    9,100 sqft 1.55 AC lot
    View details
    1001 Main St
    RETAIL STORES (PERSONAL SERVICES)

    1001 Main St, Lake City, IA 51449

    $240,000
    Estimated value
    3,840 sqft 1.93 AC lot
    View details
    101 Woodlawn Ave
    RETAIL STORES (PERSONAL SERVICES)

    101 Woodlawn Ave, Lake City, IA 51449-1723

    $200,000
    Estimated value
    1,316 sqft 0.20 AC lot
    View details
    908 Main St
    RETAIL STORES (PERSONAL SERVICES)

    908 Main St, Lake City, IA 51449-1506

    $255,000
    Estimated value
    4,836 sqft 0.43 AC lot
    View details
    1201 Main St
    VEHICLE SALES, RENTALS

    1201 Main St, Lake City, IA 51449-1581

    $565,000
    Estimated value
    22,312 sqft 4.55 AC lot
    View details
    109 Main St
    RETAIL STORES (PERSONAL SERVICES)

    109 Main St, Lake City, IA 51449-1712

    $260,000
    Estimated value
    8,800 sqft 0.12 AC lot
    View details
    107 Main St
    RETAIL STORES (PERSONAL SERVICES)

    107 Main St, Lake City, IA 51449-1712

    $230,000
    Estimated value
    2,508 sqft 0.06 AC lot
    View details
    103 Main St
    RETAIL STORES (PERSONAL SERVICES)

    103 Main St, Lake City, IA 51449-1712

    $200,000
    Estimated value
    1,452 sqft 0.03 AC lot
    View details
    1001 Main St
    CONVENIENCE STORE

    1001 Main St, Lake City, IA 51449-1561

    $250,000
    Estimated value
    2,720 sqft 0.65 AC lot
    View details
    110112 Ctr St
    RETAIL STORES (PERSONAL SERVICES)

    110112 Ctr St, Lake City, IA 51449

    $270,000
    Estimated value
    3,150 sqft 0.09 AC lot
    View details
    108 Ctr St
    RETAIL STORES (PERSONAL SERVICES)

    108 Ctr St, Lake City, IA 51449-1706

    $155,000
    Estimated value
    1,449 sqft 0.03 AC lot
    View details
    110 Noel St
    GROCERY, SUPERMARKET

    110 Noel St, Lake City, IA 51449

    $225,000
    Estimated value
    5,010 sqft 0.43 AC lot
    View details
    711 Main St
    CONVENIENCE STORE

    711 Main St, Lake City, IA 51449-1459

    $245,000
    Estimated value
    4,900 sqft 2.48 AC lot
    View details
    109 Main St
    RETAIL STORES (PERSONAL SERVICES)

    109 Main St, Lake City, IA 51449-1603

    $160,000
    Estimated value
    880 sqft 0.03 AC lot
    View details

    Lake City, IA Retail Properties & Spaces Market Trends and Statistics

    Explore 47 retail properties & spaces for sale in Lake City, IA on our real estate platform.

    Sale prices for stores 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.

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    Demographics Overview

    Population 1,951
    Population Growth (5Y) -9.7%
    Median Household Income $66,750
    College Educated 24.8%

    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
    51449 $49.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.94%
    Property Tax per SF $20.02 per SF
    Tax Rate vs County Average 0.25 pp above county avg
    Average Loan-to-Value 65.0%

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