For Sale: Lake City MLS# 6583958
Active
$1,500,000
Commercial: 1 Story
Built 2005
0.96 acres
Lake City schools
MLS# 6583958
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Property Description
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,500,000
Property Type:
Commercial
City:
Lake City
Garage Spaces:
0
County:
Goodhue
Year Built:
2005
State:
MN
Property Style:
1 Story
Zip Code:
55041
Subdivision Name:
Dallman Bus Park
Interior
Ceiling Height:
16-20
Flooring:
Concrete Slab, Tile
Appliances Included:
Refrigerator
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
0
Garage Dimensions:
0
Garage Door Height:
0
Garage Door Width:
0
Air Conditioning:
Central Air
Foundation Size:
140,000 ft2
Foundation Dimensions:
65 x 220
Handicap Accessible:
Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Asphalt
Roof Details:
Metal
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.96
Geolocation:
44.454673, -92.285807
Inclusions:
Building, Land
Lot Dimensions:
139 x 470
Addl Parcels:
220185200
Zoning:
Industrial
Lot Description:
Irregular Lot
Schools
School District:
813
District Phone:
6513452198
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$21,090
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$21,090
Income
Annual Gross Income:
$46,275
Units
Total Units:
11
Miscellaneous
Current Use:
- Office
- Professional Service
- Warehouse
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Realty Growth Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.