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Lake City Commons 1215 N 7th St 18,000 SF 73% Leased Flex Building Lake City, MN 55041 $2,083,425 CAD ($115.75 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Professional Office Space
  • Several Renters that lead to income for a buyer
  • Ample Parking
  • Shared bathrooms and kitchen area

EXECUTIVE SUMMARY

Discover an exceptional opportunity to purchase a well-built commercial property that accommodates a wide range of business needs. Constructed with durable metal framing, the building includes a mix of professional offices, conference rooms, and warehouse space, making it ideal for a variety of operations.
Each unit is equipped with separate heating systems and individual meters, allowing for efficient management and potential multi-tenant use. Shared amenities include restrooms, a lunchroom, and multiple convenient entrances.
The property also offers ample asphalt parking surrounding the building, ensuring plenty of space for employees and visitors. Enjoy excellent visibility on 7th Street with outstanding signage potential to promote your business.
**This property is also FOR LEASE**

PROPERTY FACTS

Price $2,083,425 CAD
Price Per SF $115.75 CAD
Sale Type Investment
Property Type
Flex
  • General Retail Storefront Retail/Office
  • Industrial Warehouse
  • Industrial Service
Building Class B
Lot Size 0.97 AC
Rentable Building Area 18,000 SF
No. Stories 1
Year Built 2005
Parking Ratio 2.78/1,000 SF
Zoning Industrial - LI, Light Industrial District

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
54.135.0090
Land Assessment
$42,780 CAD
Improvements Assessment
$646,556 CAD
Total Assessment
$689,336 CAD
  • Listing ID: 30669547

  • Date on Market: 2024-01-16

  • Last Updated:

  • Address: 1215 N 7th St, Lake City, MN 55041

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