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Retail

Lake City, IA Retail Space for Sale

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Rockwell City, IA Lohrville, IA Lytton, IA Breda, IA Lake View, IA Carroll, IA Scranton, IA Sac City, IA

Historic Carnegie Retail Space

Updated: Apr 28, 2025

Historic Carnegie Retail Space

120 N Illinois Street, Lake City, IA 51449

$85,000

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

Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

Based on your search, we've compiled 34 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 29 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Open-Plan Retail Space

Open-Plan Retail Space

936 E Us Highway 30, Carroll, IA 51401

$284,500

0.50 AC lot

The interior is presented for retail, office, or small restaurant use.

Former Grocery Store Building

Former Grocery Store Building

1101 Main St, Manson, IA 50563

$75,000

6,290 sqft

Existing commercial space offers a redevelopment opportunity with purchase or lease options.

Former Grocery Store Building

Former Grocery Store Building

1101 Main Street, Manson, IA 50563

$75,000

0.45 AC lot

Commercial-zoned building requiring updates for redevelopment.

Highway-Adjacent Flex Building

Highway-Adjacent Flex Building

1723 Radiant Road, Carroll, IA 51401

$1,300,000

Steel commercial facility with open interior space, loading infrastructure, offices, and break room for adaptable business use.

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

Estimated value:

$160,000

2,480 sqft 0.06 AC lot

101 Ctr St

RETAIL STORES (PERSONAL SERVICES)

101 Ctr St, Lake City, IA 51449-1701

Estimated value:

$260,000

5,265 sqft 0.07 AC lot

205 Jefferson St

RETAIL STORES (PERSONAL SERVICES)

205 Jefferson St, Lake City, IA 51449-2019

Estimated value:

$165,000

2,072 sqft 0.10 AC lot

123 Ctr St

RETAIL STORES (PERSONAL SERVICES)

123 Ctr St, Lake City, IA 51449-1701

Estimated value:

$165,000

1,610 sqft 0.06 AC lot

101 Ctr St

RETAIL STORES (PERSONAL SERVICES)

101 Ctr St, Lake City, IA 51449-1705

Estimated value:

$275,000

2,904 sqft 0.03 AC lot

120 Illinois St

RETAIL STORES (PERSONAL SERVICES)

120 Illinois St, Lake City, IA 51449-1707

Estimated value:

$255,000

1,833 sqft 0.13 AC lot

103 37th Rd

RETAIL STORES (PERSONAL SERVICES)

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

Estimated value:

$630,000

9,100 sqft 1.55 AC lot

1001 Main St

RETAIL STORES (PERSONAL SERVICES)

1001 Main St, Lake City, IA 51449

Estimated value:

$240,000

3,840 sqft 1.93 AC lot

101 Woodlawn Ave

RETAIL STORES (PERSONAL SERVICES)

101 Woodlawn Ave, Lake City, IA 51449-1723

Estimated value:

$200,000

1,316 sqft 0.20 AC lot

908 Main St

RETAIL STORES (PERSONAL SERVICES)

908 Main St, Lake City, IA 51449-1506

Estimated value:

$255,000

4,836 sqft 0.43 AC lot

109 Main St

RETAIL STORES (PERSONAL SERVICES)

109 Main St, Lake City, IA 51449-1712

Estimated value:

$260,000

8,800 sqft 0.12 AC lot

107 Main St

RETAIL STORES (PERSONAL SERVICES)

107 Main St, Lake City, IA 51449-1712

Estimated value:

$230,000

2,508 sqft 0.06 AC lot

103 Main St

RETAIL STORES (PERSONAL SERVICES)

103 Main St, Lake City, IA 51449-1712

Estimated value:

$200,000

1,452 sqft 0.03 AC lot

110112 Ctr St

RETAIL STORES (PERSONAL SERVICES)

110112 Ctr St, Lake City, IA 51449

Estimated value:

$270,000

3,150 sqft 0.09 AC lot

108 Ctr St

RETAIL STORES (PERSONAL SERVICES)

108 Ctr St, Lake City, IA 51449-1706

Estimated value:

$155,000

1,449 sqft 0.03 AC lot

109 Main St

RETAIL STORES (PERSONAL SERVICES)

109 Main St, Lake City, IA 51449-1603

Estimated value:

$160,000

880 sqft 0.03 AC lot

1009 Main St

RETAIL STORES (PERSONAL SERVICES)

1009 Main St, Lake City, IA 51449-1561

Estimated value:

$255,000

2,600 sqft 0.25 AC lot

121 Main St

RETAIL STORES (PERSONAL SERVICES)

121 Main St, Lake City, IA 51449-1712

Estimated value:

$245,000

4,400 sqft 0.12 AC lot

105 Main St

RETAIL STORES (PERSONAL SERVICES)

105 Main St, Lake City, IA 51449-1712

Estimated value:

$195,000

2,904 sqft 0.03 AC lot

907 Main St

RETAIL STORES (PERSONAL SERVICES)

907 Main St, Lake City, IA 51449-1460

Estimated value:

$285,000

3,200 sqft 0.41 AC lot

118 Main St

RETAIL STORES (PERSONAL SERVICES)

118 Main St, Lake City, IA 51449-1604

Estimated value:

$230,000

3,320 sqft 0.13 AC lot

901 Main St

RETAIL STORES (PERSONAL SERVICES)

901 Main St, Lake City, IA 51449-1460

Estimated value:

$255,000

5,000 sqft 0.57 AC lot

1321 Main St

RETAIL STORES (PERSONAL SERVICES)

1321 Main St, Lake City, IA 51449-1585

Estimated value:

$240,000

1,196 sqft

Lake City, IA Retail Space Market Trends and Statistics

Explore 30 retail space for sale in Lake City, IA on our real estate platform.

Sale prices for retail space in Lake City, IA average $85,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$85K

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%

How Realmo verifies these figures

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