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
Bedrooms-- Baths-- Sq 18,000

Monthly Estimate*

$ 10,360

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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.

This well-constructed commercial property offers a versatile opportunity for both investors and owner-users, with options to purchase or lease space tailored to a variety of business needs. The building features a functional mix of professional office, conference, and warehouse space, allowing for flexible configurations depending on use. Each unit is separately metered with independent heating, providing efficient multi-tenant operation. Shared amenities include restrooms, a break area, and convenient access points throughout the building. Positioned along North 7th Street, the property offers strong visibility and excellent signage potential, supported by ample on-site parking for tenants and visitors. Available units come in varying sizes, offering flexible lease terms and the ability to customize space as needed. Whether you're in the market for great leaseable space with flexible terms, an owner-user looking to occupy while offsetting costs with additional income, or an investor seeking a multi-tenant asset with leasing upside, this property presents a compelling opportunity in a highly accessible location.

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 21,090

Style

Lot Size

0.96

Year Built

2005

Town/City

Lake City

County/Region

Wabasha

MLS | Web ID

6583958

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
Year Built 2005
Levels One
Tax Year 2024
Current Use Office Professional Service Warehouse
Gross Income 46275
Accessibility Partially Wheelchair
Additional Parcels Description 220185200
County Goodhue
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Dallman Bus Park
Possible Use Office Professional Service Retail Shop Warehouse Income Industrial
Directions Located on 7th Street NW. This is SE of Highway 62 and in-between
City Lake City
High School District Lake City
Zoning Description Industrial
Number Of Units Total 11
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 21090
Additional Parcels Y/N Y
Standard Status Active
Lender Owned No
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Interior
Basement None
Basement (Y/N) N
Ceiling Height 16-20
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
Waterfront Y/N N
Foundation Area 140000
Road Responsibility Public Maintained Road
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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

$12,118
Per Month
85%
15%
0%
Monthly Principal & Interest
$10,360
Monthly Property Taxes
$1,758
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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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Nearby
709452 Elementary School
709308 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/9/2024$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 was built in 2005. The property's zip code is 55041 which is in Lake City, MN