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Active
$2,150,000
/mo Edit
Commercial:  Office
Built 1950
0.71 acres
Lake City schools
MLS# 6633773
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    Property Description

    Outstanding opportunity to own a great lodge business. Located in beautiful Lake City. Right on Lake Pepin and the Mississippi River, offering outstanding recreational opportunities for your guest. This gorgeous property has 9 motel units, a beautiful owners suite, plus a large lodge style unit on East end of property. Both the gorgeous owners suit & East of suite could make great units for large groups or families. Both units being chalet A-frame design log structure that blends well with rest of lodge. With these 11 beautiful units and in place office lease, this is an excellent investment.

    Listing

    Contingency: None
    City: Lake City
    County: Goodhue
    State: MN
    Property Style: Office
    Zip Code: 55041
    Subdivision Name: Auditors Sub

    Interior

    Appliances Included:
    • Dishwasher
    • Disposal
    • Dryer
    • Exhaust Fan
    • Gas Water Heater
    • Microwave
    • Range
    • Refrigerator
    • Stainless Steel Appliances
    • Washer

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 20
    Air Conditioning: Central Air, Ductless Mini-Split
    Foundation Size: 5,232 ft2
    Handicap Accessible: Doors 36"+
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    • Fireplace(s)
    • Radiant Floor
    Parking Features:
    • Asphalt
    • Guest Parking
    • Paved
    • Unassigned
    Shared Amenities: Other
    Unit Amenities:
    • Cable
    • Panoramic View
    Road Frontage:
    • Curbs
    • Highway
    • Paved Streets
    • Sidewalks
    • State Road
    • Street Lights
    Exterior Material: Log
    Roof Details:
    • Age Over 8 Years
    • Architectural Shingle

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Pepin
    DNR Lake ID#: 25000100
    Lake Chain Name: N
    Lake Acres: 25215
    Lake Depth: 60
    Waterfront:
    • Lake Front
    • Lake View
    • River View

    Lot & Land

    Acres: 0.71
    Geolocation: 44.457329, -92.279249
    Inclusions: Building, Business, Fixture/Equipment, Land
    Lot Dimensions: 198.10 x 156.36
    Addl Parcels: 541000940
    Zoning: Business/Commercial

    Farm

    Topography: Level

    Schools

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

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $22,344
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $22,344

    Units

    Total Units: 11

    Miscellaneous

    Current Use:
    • Hotel/Motel
    • Office
    • Residential
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common
    Water System: City Water/Connected

    Mortgage Calculator

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    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 RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.