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For Sale:  Lake City MLS# 6752187

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Active
$425,000
/mo Edit
Commercial:  2 Stories
Built 1892
0.07 acres
Lake City schools
MLS# 6752187
763-576-8286
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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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    Payment:  /mo

    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.