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

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    Stockholm, WI Pepin, WI Frontenac, MN
    Historic Restaurant & Banquet Building
    $395,000
    0.07 Acres

    Historic Restaurant & Banquet Building

    100 S Washington Street, Lake City, MN 55041

    Brick landmark with main-floor dining and second-floor banquet space offers a ready-made hospitality footprint.

    • 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 64 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 55 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.

    Historical Commercial Building in Pepin
    $159,000
    0.03 Acres

    Historical Commercial Building in Pepin

    Well-maintained commercial building in downtown Pepin, offered with furnishings.

    411 2nd Street, Pepin, WI 54759
    View details
    Turnkey Liquor Store Opportunity
    $739,900
    0.13 Acres

    Turnkey Liquor Store Opportunity

    Liquor store with real estate, fixtures, and full inventory.

    207 N Main Street, Nelson, WI 54756
    View details
    Mixed-Use Downtown Storefront
    $299,900
    0.23 Acres

    Mixed-Use Downtown Storefront

    Downtown mixed-use building with street-facing commercial space plus an upstairs two-bedroom apartment and ample storage.

    S101 S Main Street, Nelson, WI 54756
    View details
    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
    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.

    Affordable Business Opportunity in Alma
    $159,900
    0.18 Acres

    Affordable Business Opportunity in Alma

    Commercial property in Alma, WI, overlooking the Mississippi River.

    600 N Main Street, Alma, WI 54610
    View details
    Land For Sale in Alma
    $250,000

    Land For Sale in Alma

    Land available in Alma, Wisconsin.

    317 S 2nd Street, Alma, WI 54610
    View details
    Land Available Near Highway 52
    $1,000,000
    0.50 Acres

    Land Available Near Highway 52

    Commercial/Multi-family building sites with highway access and city utilities.

    100th Street NW, Oronoco, MN 55960
    View details
    Commercial Land on Highway 52
    $3,500,000
    0.50 Acres

    Commercial Land on Highway 52

    Commercial land for sale with Highway 52 frontage.

    Xxx 100th Street NW, Oronoco, MN 55960
    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.

    991 Lyon Ave
    WHOLESALE OUTLET, DISCOUNT STORE
    5,310 SF Lot: 0.26 Acres
    Estimated value
    $1,400,000

    991 Lyon Ave, Lake City, MN 55041-2013

    View details
    310 Lakeshore Dr
    AUTO REPAIR, GARAGE
    7,180 SF Lot: 0.50 Acres
    Value Estimation by Request

    310 Lakeshore Dr, Lake City, MN 55041-1553

    View details
    209 Lakeshore Dr
    RESTAURANT
    2,329 SF Lot: 0.12 Acres
    Value Estimation by Request

    209 Lakeshore Dr, Lake City, MN 55041-1642

    View details
    303 Lakeshore Dr
    RETAIL STORES (PERSONAL SERVICES)
    3,404 SF
    Value Estimation by Request

    303 Lakeshore Dr, Lake City, MN 55041-1758

    View details
    1355 7th St
    RETAIL STORES (PERSONAL SERVICES)
    9,816 SF
    Value Estimation by Request

    1355 7th St, Lake City, MN 55041-1251

    View details
    221 9th St
    AUTO REPAIR, GARAGE
    6,732 SF Lot: 0.96 Acres
    Value Estimation by Request

    221 9th St, Lake City, MN 55041-2068

    View details
    402 Lakeshore Dr
    RESTAURANT
    2,298 SF Lot: 0.17 Acres
    Value Estimation by Request

    402 Lakeshore Dr, Lake City, MN 55041-1760

    View details
    215 Ctr St
    WHOLESALE OUTLET, DISCOUNT STORE
    9,180 SF
    Estimated value
    $1,055,000

    215 Ctr St, Lake City, MN 55041-1003

    View details
    107 Ctr St
    LAUNDROMAT (SELF-SERVICE)
    2,640 SF Lot: 0.06 Acres
    Value Estimation by Request

    107 Ctr St, Lake City, MN 55041-1635

    View details
    216 Washington St
    RETAIL STORES (PERSONAL SERVICES)
    800 SF
    Value Estimation by Request

    216 Washington St, Lake City, MN 55041-1036

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    212 Washington St
    RESTAURANT
    1,535 SF Lot: 0.04 Acres
    Value Estimation by Request

    212 Washington St, Lake City, MN 55041-1036

    View details
    226 Washington St
    RETAIL STORES (PERSONAL SERVICES)
    2,100 SF
    Value Estimation by Request

    226 Washington St, Lake City, MN 55041-1050

    View details
    310 Washington St
    RESTAURANT
    3,523 SF
    Value Estimation by Request

    310 Washington St, Lake City, MN 55041-1038

    View details
    501 8th St
    AUTO REPAIR, GARAGE
    2,880 SF Lot: 0.41 Acres
    Value Estimation by Request

    501 8th St, Lake City, MN 55041

    View details
    1235 7th St
    CAR WASH - AUTOMATED
    3,348 SF
    Value Estimation by Request

    1235 7th St, Lake City, MN 55041-1264

    View details
    821 Lakeshore Dr
    DRIVE-THRU RESTAURANT, FAST FOOD
    1,449 SF
    Value Estimation by Request

    821 Lakeshore Dr, Lake City, MN 55041-1122

    View details
    200 8th St
    AUTO REPAIR, GARAGE
    2,160 SF Lot: 0.21 Acres
    Value Estimation by Request

    200 8th St, Lake City, MN 55041-1569

    View details
    106 Lakeshore Dr
    RETAIL STORES (PERSONAL SERVICES)
    2,904 SF
    Value Estimation by Request

    106 Lakeshore Dr, Lake City, MN 55041-1641

    View details
    994 Lyon Ave
    CAR WASH
    1,736 SF Lot: 2.79 Acres
    Value Estimation by Request

    994 Lyon Ave, Lake City, MN 55041-2014

    View details
    720 Lyon Ave
    AUTO REPAIR, GARAGE
    3,584 SF
    Value Estimation by Request

    720 Lyon Ave, Lake City, MN 55041-1620

    View details
    210 Washington St
    RETAIL STORES (PERSONAL SERVICES)
    5,606 SF
    Value Estimation by Request

    210 Washington St, Lake City, MN 55041-1036

    View details
    1205 7th St
    GYM, HEALTH SPA
    5,120 SF Lot: 0.96 Acres
    Value Estimation by Request

    1205 7th St, Lake City, MN 55041-1264

    View details
    719 Lyon Ave
    RETAIL STORES (PERSONAL SERVICES)
    2,304 SF Lot: 0.17 Acres
    Value Estimation by Request

    719 Lyon Ave, Lake City, MN 55041-1619

    View details

    Lake City, MN Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 56 retail properties & spaces for sale in Lake City, MN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $395,000.

    Sale prices for stores in Lake City, MN start at $395,000, averaging $395,000, 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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    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 median listing prices of real estate assets

    Neighborhood Average Price
    55041 $395K

    Taxes & Financing

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

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