35699 Highway 61 Boulevard Lake City, MN ^$ 10,000,000

35699 Highway 61 Boulevard

^$ 10,000,000

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Recently Listed

35699 Highway 61 Boulevard

Lake City, MN, 55041

^$ 10,000,000

Studio Baths0.0 Sq 3,200

Monthly Estimate*

^$ 69,853

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35699 Highway 61 Boulevard, Lake City, MN 55041 - Image 8

35699 Highway 61 Boulevard, Lake City, MN 55041 - Image 9

35699 Highway 61 Boulevard, Lake City, MN 55041 - Image 10

35699 Highway 61 Boulevard, Lake City, MN 55041 - Image 11

35699 Highway 61 Boulevard, Lake City, MN 55041 - Image 12

35699 Highway 61 Boulevard, Lake City, MN 55041 - Image 13

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Studio

Commercial Property for sale in Lake City, MN

for $10,000,000. This 3,200 square foot building was built in 1952 on a lot size of 16.38.

Polish the Diamond! 72 years of 3 generation ownership has exhausted the sellers. Potential of upgrades, expansion to climate controlled dry dock storage. Additional leisure options.

Commercial Active

Price

^$ 10,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,978

Style

Lot Size

16.38

Year Built

1952

Town/City

Lake City

County/Region

Wabasha

MLS | Web ID

6513965

Features

General

Sewer Other Septic System Compliant - Yes

Heating Forced Air Radiant Floor Other Wood Stove

Cooling Central Air

Utilities Heating Common

Garage Spaces 0

Construction Materials Metal Siding

Year Built 1952

View Harbor Lake River

Topography Flood Plain High Ground

Property SubType Other

Tax Year 2024

Current Use Other Recreational

Waterfront Features Lake Front

Accessibility Doors 36 + Fully Wheelchair Grab Bars In Bathroom Door Lever Handles No Stairs External No Stairs Internal

County Goodhue

Property Type Commercial Sale

Contingency None

Subdivision Name Willers First Add

Directions US Hwy 61 between Frontenac and Lake City

City Florence Twp

Buyer Agent Compensation 1.00

Body of Water Pepin

High School District Lake City

Zoning Description Business/Commercial Shoreline

Total Units 1

Waterfront Y/N Y

Street Name Highway 61

Land Lease Y/N N

Tax Annual Amount 7978

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Gravel Concrete

Lot Features Accessible Shoreline Irregular Lot Tree Coverage - Medium Underground Utilities

Water Source Drilled Private Well

Inclusions Building Business Assets Business Fixture/Equipment Inventory Land Rental License

Lot Size Area 16.38

Building Area Total 3200

Lot Dimensions irreg

Lot Size Units Acres

Foundation Area 3200

Road Frontage Type Highway

Road Responsibility Public Maintained Road

Interior

Basement (Y/N) N

Street Suffix Boulevard

Fuel Propane

Lake Acres 25215

Waterfront Feet 1500

Internal Only

Street Number 1 35699

* Excluded Features

List By

Edina Realty, Inc.

Broker

duffyschafer@edinarealty.com

Affordability Calculator

$70,518

Per Month

Monthly Principal & Interest: $69,853
Monthly Property Taxes: $665
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lake City, MN

Average List Price ^$3,039,750

Percent of Sale Price 70%

About Lake City, MN

7,928 Population

6% Since 2002

^$58,565 Median Income

46.45 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709452 Elementary School

709308 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/16/2024	$10,000,000		Listed Price

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35699 Highway 61 Boulevard, Lake City, MN, 55041 is a Commercial Property for sale at $10,000,000 with 3,200 sqft and a lot size of 16.38. 35699 Highway 61 Boulevard is a studio with 0.0 baths and was built in 1952. The property's zip code is 55041 which is in Lake City, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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35699 Highway 61 Boulevard

Commercial Property for sale in Lake City, MN

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