100 S Washington Street, Lake City, MN 55041 (MLS# 7116519)

100 S Washington Street, Lake City, MN 55041

$374,900
Property Type: Commercial Square Footage: 7,250 Lot Size (sq. ft.): 3,049 Status: Active
Current Price: $374,900 List Date: 7/27/2026 Last Modified: 9/22/2026

Overview

Description

A Lake City Landmark Is For Sale! After more than four decades in Business, the owners of the Old Bank Bar & Grill & Banquet Room are retiring and selling their beloved and well-maintained building located on the corner South Washington and Lyon Street in charming downtown Lake City, MN. Just one block up from the Lake City Marina on beautiful Lake Pepin this location is a hot spot for both local residents and tourists! Formerly Lake City Bank, this lovely brick building, which was constructed in 1892, using oak craftsmanship from this bygone era, was converted to a bar and a second-floor banquet space in 1978. The current owners opened in February of 1980 and operated the business until closing in 2025. With big windows, the ambiance of this spacious main floor and upper level banquet space provides many options for future endeavors.

Listing Details MLS# 7116519

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Waterfront YN
No
Year Built
1892
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3000
For Sale or Lease
For Sale
Acres
0.07
Lot Dimensions
44x50x63x62
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Hardwood Floors; Natural Woodwork; Tile Floors Basement: Concrete Block; Full; Unfinished CMU Style: Business Opportunity; Office; Single Occupancy Construction Materials: Block; Brick; Concrete Construction Status: Previously Owned Current Use: Food Service; Restaurant; Tavern/Lounge Exterior: Brick/Stone Fencing: None Flooring: Carpet; Tile; Wood Foundation: Brick/Mortar; Concrete Block; Stone Fuel: Electric; Natural Gas Heating: Boiler; Hot Water Loan Terms: Cash; Contract for Deed; Conventional Lot Description: Corner Lot On Site Utilities: Electric Common; Heating Common; Hot Water Common Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Rubber Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
374900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
100
Street Direction Prefix
S
Street Name
Washington
Street Suffix
Street
Postal City
Lake City
County
Wabasha
State
MN
Zip Code
55041
Complex/Dev/Subdivision
Lake City

Assessments

Tax With Assessments
6042

Building Information

Building Finished SqFt
2800
Building SqFt
7250

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
12
Section#
4
Township#
111

Sale Options

Sale Includes
Building

Unit Details

Total Units
Yes

Documents

IDX
Listing Office: RE/MAX Results
Last Updated: September - 22 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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