$375,000
Lake City, MN 55041
MLS# 7052965
1 / 25
Property Description
Great commercial building in busy location in downtown Lake City! Currently used as office space with great proximity to Lake Pepin and surrounding downtown shops and restaurants! Great opportunity to purchase and utilize this property if you work remotely, but want to get out of the house and have a fabulous workspace and capability to rent out the other spaces for an additional income producing opportunity! 7 offices on the main floor with 2 handicap accessible bathrooms, large conference room, large work area for making copies, putting together projects and presentations along with a community break room! The two front offices have large windows to the street and sidewalk for great visibility for your businesses! The second floor consists of 3 more offices along with additional cubical space and a bathroom! The full basement is unfinished and offers great storage for files, extra inventory and supplies!
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $375,000
Contingency: None
ListPrice: 375000
List Date: 2026-04-13
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1973
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 40x84x40x84
Acres: 0.07
Foundation Size: 3154
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: SECT-04 TWP-111 RANGE-012 L C FED S & L ASSN SUBDIVISION LOT-003 BLOCK-001
Listing City: Lake City
Map Page: 999
Municipality: Lake City
School District: Lake City
School District Phone: 651-345-2198
Property ID Number: R220037506
Tax Year: 2025
Tax Amount: 11802
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Great commercial building in busy location in downtown Lake City! Currently used as office space with great proximity to Lake Pepin and surrounding downtown shops and restaurants! Great opportunity to purchase and utilize this property if you work remotely, but want to get out of the house and have a fabulous workspace and capability to rent out the other spaces for an additional income producing opportunity! 7 offices on the main floor with 2 handicap accessible bathrooms, large conference room, large work area for making copies, putting together projects and presentations along with a community break room! The two front offices have large windows to the street and sidewalk for great visibility for your businesses! The second floor consists of 3 more offices along with additional cubical space and a bathroom! The full basement is unfinished and offers great storage for files, extra inventory and supplies!
Directions: Hwy 61 to W Center St to building.
Accessible
Door Lever Handles: 1
Doors 36"+: 1
Hallways 42"+: 1
No Stairs External: 1
Partially Wheelchair: 1
Air Conditioning
Central Air: 1
Amenities Shared
Fire Sprinkler System: 1
Other: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 11802
Basement
Foundation Dimensions: 3154
Building Information
Building Finished SqFt: 6308
Building SqFt: 9462
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Stucco: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 00
Public Survey Info
Range#: 12
Section#: 4
Township#: 111
Roof
Flat: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer - In Street: 1
Stories
Two: 1
Unit Details
Total Units: 10
Water
City Water/Connected: 1
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Office: 1
Current Use
Commercial: 1
Office: 1
Professional Service: 1
Retail: 1
Potential Use
Income: 1
Office: 1
Professional: 1
Retail: 1
Shop: 1
Location Tax and Other Information
House Number: 108
Street Direction Prefix: W
Street Name: Center
Street Suffix: Street
Postal City: Lake City
County: Wabasha
State: MN
Zip Code: 55041
Complex/Dev/Subdivision: L C Fed S & L Assn Sub
Property Features
Accessible: Door Lever Handles; Doors 36"+; Hallways 42"+; No Stairs External; Partially Wheelchair
Air Conditioning: Central Air
Amenities Shared: Fire Sprinkler System; Other
CMU Style: Office
Construction Status: Previously Owned
Current Use: Commercial; Office; Professional Service; Retail
Exterior: Brick/Stone; Stucco
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Potential Use: Income; Office; Professional; Retail; Shop
Roof: Flat
Sewer: City Sewer - In Street
Stories: Two
Water: City Water/Connected
Listing Office: Schurhammer Real Estate, LLC
Last Updated: April - 19 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.