1215 N 7th Street, Lake City, MN 55041 (MLS# 6583958)

1215 N 7th Street, Lake City, MN 55041

$1,500,000
Property Type: Commercial Square Footage: 18,000 Lot Size (sq. ft.): 41,818 Status: Active
Current Price: $1,500,000 List Date: 8/09/2024 Last Modified: 6/26/2026

Overview

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 ...

Listing Details MLS# 6583958

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
52
Owner Occupied
No
Waterfront YN
No
Year Built
2005
Yearly/Seasonal
Yearly
Zoning
Industrial
Foundation Size
140000
For Sale or Lease
For Sale
Acres
0.96
Lot Dimensions
139 x 470
Assessment Pending
Unknown

Property Features

Accessible: Partially Wheelchair Air Conditioning: Central Air Amenities Shared: Other Appliances: Refrigerator Assumable Loan: Not Assumable Basement: None CMU Style: Freestanding; Industrial; Office Construction Status: Previously Owned Current Use: Office; Professional Service; Warehouse Exterior: Stucco Flooring: Concrete Slab; Tile Foundation: None Fuel: Natural Gas Heating: Forced Air Lot Description: Irregular Lot Miscellaneous Information: 2+ Lavatories; Building Sign; Display Window On Site Utilities: Electric Separate; Heating Separate; Hot Water Common Potential Use: Income; Industrial; Office; Professional; Retail; Shop; Warehouse Road Responsibility: Public Maintained Road Roof: Metal Sewer: City Sewer/Connected Stories: One Wall Description: Drywall; Insulated; Unfinished Water: City Water/Connected Window Features: Display Window(s)

Contract Information

Contingency
None
ListPrice
1500000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1215
Street Direction Prefix
N
Street Name
7th
Street Suffix
Street
Postal City
Lake City
County
Goodhue
State
MN
Zip Code
55041
Complex/Dev/Subdivision
Dallman Bus Park

Additional Parcels Information

Property ID #2
220185200

Assessments

Tax With Assessments
21090

More Information

Basement

Foundation Dimensions
65 x 220

Building Information

Building Finished SqFt
18000
Building SqFt
18000
Ceiling Height
16-20

Income and Expenses

Annual Gross Income
46275

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Land

Unit Details

Total Units
11

Documents

IDX
Listing Office: Realty Growth Inc.
Last Updated: June - 26 - 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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