108 W Center Street Lake City, MN $ 375,000
108 W Center Street
$ 375,000
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108 W Center Street

Lake City, MN, 55041
$ 375,000
Bedrooms-- Baths-- Sq 9,462

Monthly Estimate*

$ 2,590

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Commercial Property for sale in Lake City, MN

for $375,000. This 9,462 square foot building was built in 1973 on a lot size of 0.077.

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!

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Commercial Active

Price

$ 375,000

Property Type

Commercial

Taxes

$ 11,802

Style

Lot Size

0.077

Year Built

1973

Town/City

Lake City

County/Region

Wabasha

MLS | Web ID

7052965

Features
General
Sewer City Sewer - In Street
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Flat
Garage Spaces 0
Year Built 1973
Levels Two
Tax Year 2025
Current Use Commercial Office Professional Service Retail
Accessibility Doors 36 + Hallways 42 + Door Lever Handles No Stairs External Partially Wheelchair
County Wabasha
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name L C Fed S & L Assn Sub
Possible Use Office Professional Service Retail Shop Income
Directions Hwy 61 to W Center St to building.
City Lake City
High School District Lake City
Zoning Description Business/Commercial
Number Of Units Total 10
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 11802
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features On-Street Parking Only
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.077
Building Area Total 9462
Lot Dimensions 40x84x40x84
Waterfront Y/N N
Foundation Area 3154
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Interior
Basement (Y/N) N
Foundation Dimensions 3154
Fuel Natural Gas
Garage Dimensions 00
Garage Square Feet 0
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Internal Only
Street Number 1 108
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* Excluded Features
List By
Schurhammer Real Estate, Llc

Broker

diane@homeslakecity.com

Email

Affordability Calculator

$3,574
Per Month
72%
28%
0%
Monthly Principal & Interest
$2,590
Monthly Property Taxes
$984
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
4/14/2026$375,000 Listed Price

Map


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108 W Center Street, Lake City, MN, 55041 is a Commercial Property for sale at $375,000 with 9,462 sqft and a lot size of 0.077. 108 W Center Street was built in 1973. The property's zip code is 55041 which is in Lake City, MN