1215 N 7th Street Lake City, MN $ 1,500,000
1215 N 7th Street
$ 1,500,000
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1215 N 7th Street

Lake City, MN, 55041
$ 1,500,000
Baths0.0 Sq 18,000

Monthly Estimate*

$ 10,478

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Studio

Commercial Property for sale in Lake City, MN

for $1,500,000. This 18,000 square foot building was built in 2005 on a lot size of 0.96.

Extremely well-built commercial property with income from existing tenants and vacant space to either occupy or work to rent out. The property is very well built as a metal frame. The units have separate heating sources and separate meters for easy billing to tenants. You will find a mixture of space types from warehouse, Professional office space, to conference rooms. Bring your creative thinking to this property and find a way to build value by increasing the income and businesses this building has. The building has shared common bathrooms, a lunch room, and entrances. Around the entire exterior, you will find an asphalt parking lot for ample parking. Signage potential as well on the facade that is visible from 7th Street. Come take a tour today and see this extremely nice commercial building. Stop paying rent and start building equity by owning this building.

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Commercial Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 21,090

Style

Lot Size

0.96

Year Built

2005

Town/City

Lake City

County/Region

Wabasha

MLS | Web ID

6477804

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Separate Heating Separate Hot Water Common
Roof Metal
Appliances Refrigerator
Garage Spaces 0
Construction Materials Stucco
Year Built 2005
Levels One
Tax Year 2022
Current Use Office Professional Service Warehouse
Gross Income 46275
Accessibility Partially Wheelchair
Additional Parcels Description 220185200
County Goodhue
Property Type Commercial Sale
Association Amenities Other
Contingency None
Subdivision Name Dallman Bus Park
Directions Located on 7th Street NW. This is SE of Highway 62 and in-between
City Lake City
Buyer Agent Compensation 2.00
High School District Lake City
Zoning Description Business/Commercial
Total Units 11
Street Name 7th
Land Lease Y/N N
Tax Annual Amount 21090
Additional Parcels Y/N Y
Days on Market 14
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement None
Basement (Y/N) N
Street Suffix Street
Foundation Dimensions 65 x 220
Fuel Natural Gas
Garage Dimensions 0
Garage Door Width 0
Garage Square Feet 0
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Exterior
Parking Features Asphalt
Lot Features Irregular Lot
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.96
Building Area Total 18000
Lot Dimensions 139 x 470
Lot Size Units Acres
Foundation Area 140000
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Internal Only
Street Number 1 1215
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* Excluded Features
List By
Realty Growth Inc.

Broker

bucky@rgi-group.com

Email

Affordability Calculator

$12,235
Per Month
86%
14%
0%
Monthly Principal & Interest
$10,478
Monthly Property Taxes
$1,758
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
709452 Elementary School
709308 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2024$1,500,000 Listed Price

Map


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1215 N 7th Street, Lake City, MN, 55041 is a Commercial Property for sale at $1,500,000 with 18,000 sqft and a lot size of 0.96. 1215 N 7th Street is a studio with 0.0 baths and was built in 2005. The property's zip code is 55041 which is in Lake City, MN