For Sale: Lake City MLS# 6593946
Active
$280,000
Commercial: Business Opportunity
Built 1900
0.05 acres
Lake City schools
MLS# 6593946
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Discover an exceptional opportunity to own a thriving business in downtown Lake City, just a short stroll from scenic Lake Pepin. This business has been fully remodeled and updated, offering a complete package that includes the business, building, equipment, and inventoryâ??ready for you to take the reins.
This inviting tavern boasts a warm, small-town atmosphere with popular weekly pool and dart leagues that draw a loyal customer base. The property is meticulously maintained, featuring spotless ceramic tile bathrooms and basement with ample storage.
Conveniently located within easy driving distance of Red Wing, Rochester, and Winona, this business is ideally positioned for continued success. Whether youâ??re looking to expand your investment portfolio or start a new venture, this opportunity is primed for growth.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$280,000
Property Type:
Commercial
City:
Lake City
Garage Spaces:
0
County:
Wabasha
Year Built:
1900
State:
MN
Property Style:
Business Opportunity
Zip Code:
55041
Subdivision Name:
Lake City
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
1,495 ft2
Handicap Accessible:
Other
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.05
Geolocation:
44.449168, -92.265846
Inclusions:
Building, Business, Fixture/Equipment, Inventory
Lot Dimensions:
24 x 83
Zoning:
Business/Commercial
Schools
School District:
813
District Phone:
651-345-2198
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,772
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,772
Units
Total Units:
1
Miscellaneous
Current Use:
Bar/Tavern
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Dwell Realty Group LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.