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Active
$899,000
/mo   Edit
Commercial:  Apartments/Retail
Built 1959
0.6 acres
Lake City schools
MLS# 6016307
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    Description:   This excellent commercial property consists of a house, a triplex, and 3 seasonal cabins which fisherman will love. The motel has 20 rooms to accommodate guests. The location provides beautiful views of Lake Pepin, as well as convenience for travelers. This successful income property is well maintained and definitely a great investment opportunity.
    List Price: $899,000
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Apartments/Retail
    Year Built: 1959
    City: Lake City
    County: Goodhue
    State: MN
    Zip Code: 55041

    Interior

    Building Fin Sq Ft: 8,895 sqft
    Appliances Included: Range, Cooktop, Refrigerator

    Exterior

    Air Conditioning: Central Air, Wall Unit(s)
    Heating System: Forced Air
    Foundation Size: 6,665 sqft
    Handicap Accessible: None
    Exterior Material: Wood Siding
    Garage Spaces: 0
    Other Parking Spaces: 20

    Lake/Waterfront

    Lake/Waterfront: Lake View, River View
    Lake/Waterfront Name: Pepin
    DNR Lake ID#: 25000100
    Lake Acres: 25215
    Lake Depth: 60

    Lot

    Acres: 0.6
    Lot Description: Corner Lot
    Latitude: 44.45973900
    Longitude: -92.28344798
    Lot Size Dim.: 141x280
    Dev/Complex Name: Auditors Sub
    Zoning: Business/Commercial

    Schools

    School District: 813
    District Phone: 651-345-2198

    Financial & Taxes

    Tax Year: 2021
    Annual Taxes: $12,118
    Assessment Pending: No
    Taxes w/ Assessments: $12,118

    Unit

    Total Units: 29

    Miscellaneous

    Current Use: Hotel/Motel
    Fuel System: Natural Gas, Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected, City Sewer - In Street
    Available Utilities: Heating Separate, Heating Common
    Water System: City Water/Connected, City Water - In Street

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    Local Home Mortgage Professionals

    Jeff
    Zajac
    Truestone
    Justin
    Larson
    Movement
    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    NMLS#373627
    Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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