For Sale
$1,500,000

1215 7Th St Lake City, MN 55041

Versatile industrial/office space, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional Lake City, Minnesota commercial property presents a unique investment opportunity. The 18,000 square foot building, constructed in 2005, sits on a 0.96-acre lot and is classified as a Class B mixed-use property with creative office, distribution, and flex space subtypes. The single-story building features a metal frame construction and offers 18-foot ceilings. Currently configured into four leasable units (ranging from 530 to 3305 square feet), the property provides flexibility for various business needs. Individual heating sources and meters are installed for each unit, promoting efficiency. Shared amenities include restrooms and a lunchroom. Ample asphalt parking is available, and the high-visibility location on 7th Street offers excellent signage potential. The asking price is $1,500,000, translating to $83.33 per square foot. The property is zoned for industrial use and is privately owned. This is a multi-tenant property with no loading docks or dock-high doors. The lease type is modified, and tenant credit is not available. This presents a strong opportunity for investors seeking a versatile and well-located commercial property in a thriving Minnesota market.

Highlights

  • 18,000 SF Class B mixed-use building on a 0.96-acre lot in Lake City, MN.
  • Built in 2005, single-story metal frame construction with 18-foot ceilings.
  • Four leasable units (530-3305 SF) with individual heating and meters; shared restrooms and lunchroom.
  • Ample asphalt parking; high-visibility location on 7th Street with excellent signage potential.
  • $1,500,000 asking price ($83.33/SF); industrially zoned; privately owned; multi-tenant; no loading docks.
  • Modified lease terms; no tenant credit available.

Property Details for 1215 7Th St

Property type
Retail properties, Office properties
Square Feet
18,000 SF
Class
B
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
41,818 SF

Location Insight

City
Lake City
County
Wabasha
State
Minnesota
Latitude
44.454847698061
Longitude
-92.285878277112
1215 7Th St, Lake City, Minnesota

FAQs

What type of property is this?
Retail property - Versatile industrial/office space, excellent location.
Where is the retail property located?
The property is located at 1215 7Th St Lake City, MN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 18,000 SF Class B mixed-use building on a 0.96-acre lot in Lake City, MN.; Built in 2005, single-story metal frame construction with 18-foot ceilings.; Four leasable units (530-3305 SF) with individual heating and meters; shared restrooms and lunchroom.
How can I contact the broker?
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1215 7Th St
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