For Sale: Lake City MLS# 6752187
Active
$425,000
Commercial: 2 Stories
Built 1892
0.07 acres
Lake City schools
MLS# 6752187
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Property Description
A Lake City Landmark Is For Sale! After more than four decades in Business, the owners of the Old Bank Bar & Grill & Banquet Room are retiring and selling their beloved and well-maintained building located on the corner South Washington and Lyon Street in charming downtown Lake City, MN. Just one block up from the Lake City Marina on beautiful Lake Pepin this location is a hot spot for both local residents and tourists! Formerly Lake City Bank, this lovely brick building, which was constructed in 1892, using oak craftsmanship from this bygone era, was converted to a bar and a second-floor banquet space in 1978. The current owners opened in February of 1980 and operated the business until closing in 2025. With big windows, the ambiance of this spacious main floor and upper level banquet space provides many options for future endeavors.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$425,000
Property Type:
Commercial
City:
Lake City
Garage Spaces:
0
County:
Wabasha
Year Built:
1892
State:
MN
Property Style:
2 Stories
Zip Code:
55041
Subdivision Name:
Lake City
Interior
Basement Details:
- Block
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
3,000 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
On-Street Parking Only
Unit Amenities:
- Hardwood Floors
- Natural Woodwork
- Tile Floors
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
- Age 8 Years or Less
- Rubber
Lot & Land
Acres:
0.07
Geolocation:
44.449663, -92.266093
Inclusions:
Building
Lot Dimensions:
44 x 50 x 63 x 62
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
813
District Phone:
651-345-2198
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,042
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,042
Units
Total Units:
1
Miscellaneous
Current Use:
- Bar/Tavern
- Food Service
- Restaurant
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.