$1,500,000
Lake City, MN 55041
MLS# 6583958
1 / 7
Property Description
Discover an exceptional opportunity to purchase and or lease space in a well-built commercial property that caters to a wide range of business needs. This property features metal frame construction with extremely versatile spaces including professional offices, conference rooms and warehouse space. Building is set up with separate heating sources and meters for each unit. Shared amenities include bathrooms, a lunch room, and convenient entrances. Ample asphalt parking surrounding the building, providing plenty of parking for tenants and visitors. High visibility on 7th Street with excellent signage potential. There are currently 3 units varied in size that are available for lease. This property offers the flexibility to customize the space to meet your specific business requirements. Whether you need a professional office, open warehouse, or a mix of both, this property offers the flexibility to customize the space that can accommodate your needs. Don't miss out on the chance to establish or expand your business in this prime location. Leasable Spaces: Suite A 3305 SF Suite B1 530 SF Suite C 1590 SF Lease Rates: $11 psf + NNN (NNN) is $3.23 Per Sqft
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $1,500,000
Contingency: None
ListPrice: 1500000
List Date: 2024-08-09
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 52
Owner Occupied: No
Waterfront Present: No
Year Built: 2005
Yearly/Seasonal: Yearly
Zoning: Industrial
Lot Dimensions: 139 x 470
Acres: 0.96
Foundation Size: 140000
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: DALLMAN BUSINESS PARK PT OF LOT 9 BLK 1 IN GOODHUE COUNTY DOC# 671526
Listing City: Lake City
Map Page: 999
Municipality: Lake City
School District: Lake City
School District Phone: 651-345-2198
Zip Plus 4: 673
Property ID Number: 541350090
Tax Year: 2024
Tax Amount: 21090
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Discover an exceptional opportunity to purchase and or lease space in a well-built commercial property that caters to a wide range of business needs.
This property features metal frame construction with extremely versatile spaces including professional offices, conference rooms and warehouse space.
Building is set up with separate heating sources and meters for each unit.
Shared amenities include bathrooms, a lunch room, and convenient entrances.
Ample asphalt parking surrounding the building, providing plenty of parking for tenants and visitors.
High visibility on 7th Street with excellent signage potential.
There are currently 3 units varied in size that are available for lease. This property offers the flexibility to customize the space to meet your specific business requirements. Whether you need a professional office, open warehouse, or a mix of both, this property offers the flexibility to customize the space that can accommodate your needs.
Don't miss out on the chance to establish or expand your business in this prime location.
Leasable Spaces:
Suite A 3305 SF
Suite B1 530 SF
Suite C 1590 SF
Lease Rates:
$11 psf + NNN
(NNN) is $3.23 Per Sqft
Directions: Located on 7th Street NW. This is SE of Highway 62 and in-between
Accessible
Partially Wheelchair: 1
Additional Parcels Information
Property ID #2: 220185200
Air Conditioning
Central Air: 1
Amenities Shared
Other: 1
Appliances
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 21090
Assumable Loan
Not Assumable: 1
Basement
Foundation Dimensions: 65 x 220
None: 1
Building Information
Building Finished SqFt: 18000
Building SqFt: 18000
Ceiling Height: 16-20
Construction Status
Previously Owned: 1
Exterior
Stucco: 1
Flooring
Concrete Slab: 1
Tile: 1
Foundation
None: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Irregular Lot: 1
Miscellaneous Information
2+ Lavatories: 1
Building Sign: 1
Display Window: 1
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 0
Road Responsibility
Public Maintained Road: 1
Roof
Metal: 1
Sale Options
Sale Includes: Building, Land
Sewer
City Sewer/Connected: 1
Stories
One: 1
Unit Details
Total Units: 11
Wall Description
Drywall: 1
Insulated: 1
Unfinished: 1
Water
City Water/Connected: 1
Window Features
Display Window(s): 1
Income and Expenses
Annual Gross Income: 46275
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Common: 1
CMU Style
Freestanding: 1
Industrial: 1
Office: 1
Current Use
Office: 1
Professional Service: 1
Warehouse: 1
Potential Use
Income: 1
Industrial: 1
Office: 1
Professional: 1
Retail: 1
Shop: 1
Warehouse: 1
Location Tax and Other Information
House Number: 1215
Street Direction Prefix: N
Street Name: 7th
Street Suffix: Street
Postal City: Lake City
County: Goodhue
State: MN
Zip Code: 55041
Complex/Dev/Subdivision: Dallman Bus Park
Property Features
Accessible: Partially Wheelchair
Air Conditioning: Central Air
Amenities Shared: Other
Appliances: Refrigerator
Assumable Loan: Not Assumable
Basement: None
CMU Style: Freestanding; Industrial; Office
Construction Status: Previously Owned
Current Use: Office; Professional Service; Warehouse
Exterior: Stucco
Flooring: Concrete Slab; Tile
Foundation: None
Fuel: Natural Gas
Heating: Forced Air
Lot Description: Irregular Lot
Miscellaneous Information: 2+ Lavatories; Building Sign; Display Window
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Potential Use: Income; Industrial; Office; Professional; Retail; Shop; Warehouse
Road Responsibility: Public Maintained Road
Roof: Metal
Sewer: City Sewer/Connected
Stories: One
Wall Description: Drywall; Insulated; Unfinished
Water: City Water/Connected
Window Features: Display Window(s)
Listing Office: Realty Growth Inc.
Last Updated: January - 29 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
