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1515 Lakeshore Drive, Lake City, MN 55041

$569,000

  • For Sale
  • Active
  • Commercial
  • 14,500 Sq. Ft.
  • 0.9 Acres
1515 Lakeshore Drive, Lake City, MN 55041View this property at 1515 Lakeshore Drive, Lake City, MN 55041
1515 Lakeshore DriveLake CityMN55041
Property Description
Sale consists of 2 PIDs: Motel PID 541000560 as indicated in the listing and house PID 541000570. This is a prime location which includes the hotel business which has a long history of serving Lake City travelers, sportsman and visitors. Building with hotel office has two apartments, managers quarters, laundry and storage area. Buyers agent to confirm measurements. Property sold ''as-is''.

Full Property Details for 1515 Lakeshore Dr

General

  • Price: $569,000
  • Taxes: $12,456 (2016)
  • Status: Active
  • Type: Commercial
  • MLS ID: 4077239
  • Updated: 6/30/2018
  • Added: 573 day(s) ago

Business

  • Name: Sunset Motel
  • Includes: Building, Business, Business Assets, Land

Parking

  • Garage: Yes
  • Parking: Detached Garage, Asphalt Driveway, Concrete Driveway, Shared Driveway, Shared Parking

Location

  • County: Goodhue
  • Driving Directions: Take Hwy 63 North from Downtown Lake City approximately 15 blocks. Property is on the left.

School Information

  • School District: Lake City #813

Heating & Cooling

  • Cooling Type: Central, Wall, Window Air Conditioning
  • Heating Type: Baseboard, Forced Air, Space/Wall Heater
  • Heating Fuel: Electricity, Natural Gas

Utilities

  • Sewer: City
  • Water: City

Structural Information

  • Foundation Size: 6665
  • Roof: Asphalt Shingles
  • Square Feet: 14,500
  • 2nd Level: 4,900 Sq. Ft.
  • Main/1st Level: 7,300 Sq. Ft.
  • Down/Basement: 2,300 Sq. Ft.
  • Finished Above Grnd: 8,895 Sq. Ft.
  • Current Bldg. Use: Hotel/Motel

Lot Features

  • Lot Size (Acres): 0.9
  • Lot Dimensions: 141 x 280
  • Frontage: City Street, US Highway

Water Features

  • Water Front Name: None

Financial Considerations

  • Tax w/Assessment: $12,456
  • Tax Amount: $12,456
  • Tax Year: 2016
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: AUDITORS SUBD DOC#573856 LOTS 4 9 & 10 BLK 8 & SELY 9FT OF LOTS 3 & 8 PT VAC ALLEY ID# 4-0100-07200
  • Property ID: 541000560

Listed by Shaymar, Inc

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Schools

Schools serving 1515 Lakeshore Dr

Score
Name
Grades
Distance
5
1156 Lakewood Avenue, Lake City, MN 55041
PK-6
1.7 mi
7
300 S Garden, Lake City, MN 55041
7-12
1.3 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 1515 Lakeshore Dr Get Price Alerts

Date
Details
Price
Change
Source
6/30/2018
Price Reduced
$569,000
-2.74%
MLS
4/27/2018
Price Reduced
$585,000
-2.34%
MLS
10/02/2017
Price Reduced
$599,000
-4.92%
MLS
2/22/2017
Listed
$630,000
27.27%
MLS
11/16/2005
Sold
$495,000
-9.17%
Public Record
11/16/2005
Sold
$545,000
5.83%
Public Record
11/16/2005
Sold
$515,000
Public Record
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

Tax History for 1515 Lakeshore Dr

Year
Property Taxes
Change
Tax Assessment
Change
2017
$9,784
-3%
$479,700
1%
2016
$10,048
1%
$476,000
2015
$9,988
1%
$476,000
2014
$9,888
2%
$476,000
2%
2013
$9,668
2%
$467,100
-1%
2012
$9,520
$470,100
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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Community Info

Community Info for 1515 Lakeshore Dr

Listed by Shaymar, Inc

1515 Lakeshore Drive, Lake City, MN 55041 (MLS# 4077239) is a Commercial property. 1515 Lakeshore Drive is currently listed for $569,000 and was received on February 22, 2017. Want to learn more about 1515 Lakeshore Drive? Do you have questions about finding other Commercial 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.