For Sale: Lake City MLS# 7052965
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
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!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$375,000
Property Type:
Commercial
City:
Lake City
Garage Spaces:
0
County:
Wabasha
Year Built:
1973
State:
MN
Property Style:
2 Stories
Zip Code:
55041
Subdivision Name:
L C Fed S & L Assn Sub
Exterior
Stories:
Two
Garage Spaces:
0
Garage Dimensions:
00
Air Conditioning:
Central Air
Foundation Size:
3,154 ft2
Foundation Dimensions:
3154
Handicap Accessible:
Doors 36"+, Hallways 42"+, Door Lever Handles, No Stairs External, Partially Wheelchair
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Roof Details:
Flat
Lot & Land
Acres:
0.077
Geolocation:
44.448656, -92.266139
Inclusions:
Building
Lot Dimensions:
40 x 84 x 40 x 84
Zoning:
Business/Commercial
Schools
School District:
2281
District Phone:
6513452198
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$11,802
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$11,802
Units
Total Units:
10
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Retail
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Schurhammer Real Estate, LLC.
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.