Lake City Commons | 1215 N 7th St
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Lake City Commons 1215 N 7th St
18,000 SF 64% Leased Office Building Lake City, MN 55041 £1,202,250 (£67/SF)
Investment Highlights
- Professional Office Space
- Several Renters that lead to income for a buyer
- Ample Parking
- Shared bathrooms and kitchen area
Executive Summary
Discover an exceptional opportunity to purchase and or lease space in a well-built commercial property that caters to a wide range of business needs. This property features metal frame construction with extremely versatile spaces including professional offices, conference rooms, and warehouse space. The building is set up with separate heating sources and meters for each unit. Shared amenities include bathrooms, a lunch room, and convenient entrances.
Ample asphalt parking surrounding the building, providing plenty of parking for tenants and visitors. High visibility on 7th Street with excellent signage potential.
There are currently 4 units varied in size that are available for lease. This property offers the flexibility to customize the space to meet your specific business requirements. Whether you need a professional office, open warehouse, or a mix of both, this property offers the flexibility to customize the space that can accommodate your needs.
Don't miss out on the chance to establish or expand your business in this prime location. Contact us today to schedule a tour and secure your lease!
Leasable Spaces:
Suite A 3305 SF
Suite B 530 SF
Suite C 1590 SF
Suite D 1001 SF Lease
Rates: $11 psf + NNN
Ample asphalt parking surrounding the building, providing plenty of parking for tenants and visitors. High visibility on 7th Street with excellent signage potential.
There are currently 4 units varied in size that are available for lease. This property offers the flexibility to customize the space to meet your specific business requirements. Whether you need a professional office, open warehouse, or a mix of both, this property offers the flexibility to customize the space that can accommodate your needs.
Don't miss out on the chance to establish or expand your business in this prime location. Contact us today to schedule a tour and secure your lease!
Leasable Spaces:
Suite A 3305 SF
Suite B 530 SF
Suite C 1590 SF
Suite D 1001 SF Lease
Rates: $11 psf + NNN
Property Facts
Sale Type
Investment
Property Type
Building Size
18,000 SF
Building Class
B
Year Built
2005
Price
£1,202,250
Price Per SF
£67
Percent Leased
64%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
18,000 SF
Building FAR
0.43
Lot Size
0.97 AC
Zoning
Industrial - LI, Light Industrial District
Parking
50 Spaces (2.78 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Kitchen
- Reception
- Storage Space
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 54.135.0090 | Improvements Assessment | £373,098 |
| Land Assessment | £24,686 | Total Assessment | £397,784 |
PROPERTY TAXES
Parcel Number
54.135.0090
Land Assessment
£24,686
Improvements Assessment
£373,098
Total Assessment
£397,784
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Lake City Commons | 1215 N 7th St
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