$395,000
201 S 8th Street
Lake City, MN 55041
MLS# 5502984



Prime location for retail, manufacturing, storage
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Prime location for retail, manufacturing, storage 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 The current Owner uses the showroom to sell motorcycles 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 From the property edge. Entire 1.22 acres has security fence 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041 201 S 8th Street, Lake City, MN 55041

Property Description
Great location, great buildings, secured yard, and 3 phase power all help make this a fabulous property for retail, manufacturing,storage or as a rental investment! Land can be divided for the right opportunity. Retail showroom has three offices and two restrooms. Rent out the storage buildings? Need manufacturing space? This property has it all. Investor? This property will provide a cap rate of around 9%

Details
Maps
Documents
None
Legal Description: SECT-05 TWP-111 RANGE-012 LAKE CITY LOT-008 BLOCK-135 & LOTS 9 & 10 & ST ADJ; BLK 135
Current Price: $395,000
Contract Information
List Price: $395,000
List Date: 2020-03-10
Owner is Agent: No
In Foreclosure: No
Potential Short Sale: Yes
Auction: No
General Property Information
Foundation Size: 3308
# of Parking Spaces: 2
Waterfront: No
Approx Nbr of Acres: 1.22
Location, Tax and Other Information
House Number: 201
Street Dir Pfx: S
Street: 8th
Street Abbreviation: Street
Postal City: Lake City
County: Wabasha
State/Province: MN
Zip Code: 55041
Parcel Number: 220098700
Tax Year: 2019
Tax Amount: 11894
School District: Lake City #813
Directions & Remarks
Directions: From intersection of Highways 61 and 63, take Highway 63 South to 8th. left on 8th one block to 201
Status Change Info
Status: Active
Contingency: None
Currently Not Used
Geo Lat: 44.443361
Geo Lon: -92.27157
Property Features
Heat: Forced Air
Fuel: Natural Gas
Current Use: Business Service; Warehouse
Sale Includes: Building; Business; Land
Terms: Cash

Listing Office: Nielson Const & RE Services

Last Updated: May - 26 - 2020

All the listing data contained in this site is the copyrighted and confidential material of the Southeast Minnesota Association of REALTORS MLS. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Site contains live data. Data is deemed reliable but not guaranteed.

Tuesday 2nd of June 2020 03:10 AM