108 W Center Street, Lake City, MN 55041 (MLS# 7052965)

108 W Center Street, Lake City, MN 55041

$375,000
Property Type: Commercial Square Footage: 9,462 Lot Size (sq. ft.): 3,049 Status: Active
Current Price: $375,000 List Date: 4/14/2026 Last Modified: 8/27/2026

Overview

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 Details MLS# 7052965

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
Yes
Waterfront YN
No
Year Built
1973
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3154
For Sale or Lease
For Sale
Acres
0.07
Lot Dimensions
40x84x40x84
Assessment Pending
No

Property Features

Accessible: Door Lever Handles; Doors 36"+; Hallways 42"+; No Stairs External; Partially Wheelchair Air Conditioning: Central Air Amenities Shared: Fire Sprinkler System; Other CMU Style: Office Construction Status: Previously Owned Current Use: Commercial; Office; Professional Service; Retail Exterior: Brick/Stone; Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Common; Heating Common; Hot Water Common Potential Use: Income; Office; Professional; Retail; Shop Roof: Flat Sewer: City Sewer - In Street Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
375000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
108
Street Direction Prefix
W
Street Name
Center
Street Suffix
Street
Postal City
Lake City
County
Wabasha
State
MN
Zip Code
55041
Complex/Dev/Subdivision
L C Fed S & L Assn Sub

Assessments

Tax With Assessments
11802

Basement

Foundation Dimensions
3154

More Information

Building Information

Building Finished SqFt
6308
Building SqFt
9462

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
00

Public Survey Info

Range#
12
Section#
4
Township#
111

Sale Options

Sale Includes
Building

Unit Details

Total Units
10
IDX
Listing Office: Schurhammer Real Estate, LLC
Last Updated: August - 27 - 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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