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$185,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 2,160 Sq. Ft.
  • Updated 7 days ago
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Great opportunity to live and work in downtown Lake City in great location with views of Lake Pepin from the apartment upstairs! This unique property is downtown Lake City right by the marina, shops, coffeehouse and more! Enjoy to the fullest what Lake City has to offer! Move-in ready 2 bedroom apartment with beautiful kitchen, living areas, outside balcony at the back, laundry and views of the lake! On the main floor, the retail space is currently rented out and is a great space with income potential! Live upstairs while running your business out of the retail space, or run your business and rent out the apartment! Rent out both spaces if you chose! Many different ways to optimize this property! Enjoy this location as Lake City comes to life in the spring, summer and fall!

Full Property Details for 118 S Washington St

General

  • Price: $185,000
  • Taxes: $2,692 (2025)
  • Status: Pending
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7077150
  • Updated: 5/21/2026
  • Added to Site: 8 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Parking

  • Parking Features: Off Site, On-Street Parking Only, Other

Location

  • County: Wabasha
  • Township: Lake City
  • Subdivision: Lake City
  • Driving Directions: Hwy 61 to Washington St. to building

School Information

  • School District: 813 - Lake City
  • High School District: Lake City

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Full
  • Foundation Size: 1080
  • Disability Access: None
  • Square Feet: 2,160
  • Above Ground: 2,160 Sq. Ft.
  • Below Ground: 1,080 Sq. Ft.
  • Finished Down/Base.: 3,240 Sq. Ft.
  • Year Built: 1920

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Dimensions: 18 x 80
  • Zoning: Residential-Single Family

Water Features

  • Water Front Desc.: Lake View
  • Lake Front: Yes

Financial Considerations

  • Tax Amount: $2,692
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: SECT-04 TWP-111 RANGE-012 LAKE CITY .03 AC NWLY 18' OF SELY 38' OF LOT 4 BLK 15
  • Property ID: R220028800

Listed by Schurhammer Real Estate, LLC

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Listing agents

— 118 S Washington St —

  • Schurhammer Real Estate, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 118 S Washington St

School District:Lake City Public School District
NameGradesDistance
Bluff View Elementary School
1156 West Lakewood Avenue, Lake City, MN 55041
PK-61 mi
Lincoln Secondary, Lake City, MN
300 South Garden Street, Lake City, MN 55041
7-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 S Washington St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/20/2026
Listed
$185,000
48%
MLS
1/03/2013
Sold
$125,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 118 S Washington St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,508
3%
$165,300
8%
2024
$2,440
—
$153,600
5%
2023
$2,440
6%
$146,600
15%
2021
$2,310
—
$127,900
-11%
2023
$2,314
—
$143,000
20%
2021
$2,310
-1%
$119,400
—
2020
$2,324
12%
$119,400
11%
2019
$2,084
-11%
$107,800
2%
2017
$2,346
-9%
$106,000
100%
2015
$2,576
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Schurhammer Real Estate, LLC

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118 S Washington Street, Lake City, MN 55041 (MLS# 7077150) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 118 S Washington Street is currently listed for $185,000 and was received on May 20, 2026. Want to learn more about 118 S Washington Street? Do you have questions about finding other Single Family real estate for sale in Lake City? You can browse all Lake City real estate or contact a Coldwell Banker agent to request more information.

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