$395,000

201 S 8th St

Lake City MN, 55041

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

MLS#5502984
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site26

Features

SQ Feet3,308
Story(s)1
Units1
ZoningBusiness/Commercial

Market Activity 55041

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Area Information

StateMN
CountyWabasha
CityLake City
Zip Code55041
AreaLake City (MN)
Listing VS Median (in 55041)
Price:
$395,000
low | high
Med:
$49,900
100% of Average
SqFt:
3,308
low | high
Med:
0
100% of Average
$ / SqFt:
$119
low | high
Med:
$0
100% of Average
On Site:
26
low | high
Med:
472
5.508474576271% of Average
Listing Updated: 04/05/2020
MLS Number: 5502984
Listing Provided By:
Lawrence Nielson  of  Nielson Const RE Services
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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