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Active
$2,500
/mo Edit
Commercial:  Business Opportunity
Built 2010
0.6 acres
Lake City schools
MLS# 6598962
My rating:
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    Property Description

    Discover this turn-key business opportunity located on one of Lake Cityâ??s most traveled roads. This attractive building space is currently set up for food service and it requires little to no work to get started. The building comes well equipped with a full commercial kitchen, a beautiful bar, a dining room complete with tables and chairs, and two ADA compliant restrooms. Thereâ??s also space for outdoor seating and thereâ??s a dedicated parking lot for patrons and guests. This property is a local hot spot with a laid-back atmosphere, providing the perfect foundation for your next business venture!

    Listing

    Contingency: None
    City: Lake City
    County: Wabasha
    State: MN
    Property Style: Business Opportunity
    Zip Code: 55041

    Exterior

    Stories: One
    Garage Spaces: 0
    Other Parking Spaces: 20
    Air Conditioning: Central Air
    Foundation Size: 3,248 ft2
    Handicap Accessible: Fully Wheelchair, Grab Bars In Bathroom, No Stairs External, No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Parking Lot
    • Paved
    Shared Amenities: Other
    Unit Amenities: Patio
    Road Frontage: City Street
    Exterior Material: Brick/Stone
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.6
    Geolocation: 44.444067, -92.273911
    Inclusions: Other
    Lot Dimensions: 250 x 104
    Zoning: Business/Commercial

    Schools

    School District: 813
    District Phone: 651-345-2198

    Expenses

    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $15,826
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $15,826

    Units

    Total Units: 1

    Miscellaneous

    Current Use:
    • Food Service
    • Restaurant
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating 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.
    Payment:  /mo

    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.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Lakeshore Real Estate Krage & Associates, LLC..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.