Lake City Commons Building For Sale

1215 N 7th St Lake City, MN 55041

1215 N 7th St, Lake City, MN, 55041
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FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$1,500,000
Last Verified:
Feb 14, 2024

Highlights


Description

Welcome to an Exceptionally Built Commercial Property with Endless Potential!

This well-constructed commercial property offers a rare opportunity to generate income from existing tenants while also providing vacant space for your own use or for future rental opportunities. The property boasts a sturdy metal frame construction, ensuring durability and longevity.

Inside, you'll find a diverse range of space types, including, professional office space, and conference rooms, providing versatility for various business needs. Each unit has separate heating sources and meters for easy billing to tenants, ensuring smooth operations.

With shared common bathrooms, a lunch room, and entrances, this property is designed with convenience in mind. The ample asphalt parking lot surrounding the building provides abundant parking options for tenants and visitors alike. Plus, the visible facade on 7th Street offers signage potential for increased visibility.

This is your chance to bring your creative thinking and capitalize on the income and business potential of this building, while also building equity as a property owner. Don't miss out on this opportunity to stop paying rent and start making a smart investment in your business future. Schedule a tour today to explore this outstanding commercial building!

Beautiful office space available for lease in Lake City! Just a few blocks away from Highway 61 with great traffic and visibility. This office space has approximately 1,500 cars driven daily as well as 9,000 driving along Highway 61. With this space, you will get noticed. There is plenty of room for you and your business to grow here! Contact us today for a showing!

Left off of Highway 61 onto County 5 Blvd, then a left onto N 7th St and the building is on the right hand side.


Year Built: 2005
Building Size: 18000sq ft
Building Class: B
Lot Size: 0.97 acres


Documents

Sale Brochure (L)
Lease Brochure (L)
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Custom Flyer (P)

Units for Lease

1215 N 7th St Suite A
Space Available: 2922 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $11.00
1215 N 7th St Suite B
Space Available: 502 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $11.00
1215 N 7th St Suite C
Space Available: 1337 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $11.00

Map of 1215 N 7th St, Lake City, MN, 55041

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.