A Lake City Landmark Is For Sale! After more than four decades in Business, the owners of the Old Bank Bar & Grill & Banquet Room are retiring and selling their beloved and well-maintained building located on the corner South Washington and Lyon Street in charming downtown Lake City, MN. Just one block up from the Lake City Marina on beautiful Lake Pepin this location is a hot spot for both local residents and tourists! Formerly Lake City Bank, this lovely brick building, which was constructed in 1892, using oak craftsmanship from this bygone era, was converted to a bar and a second-floor banquet space in 1978. The current owners opened in February of 1980 and operated the business until closing in 2025. With big windows, the ambiance of this spacious main floor and upper level banquet space provides many options for future endeavors.
| MLS # | 7116519 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1892 |
| Days On Site | 25 |
| Listing Provided By | RE/MAX Results | Steve Casalenda |
| SQ Feet | 7,250 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 1 |
| Zoning | Business/Commercial |
| Acreage | 0.07 |
| Cooling | Central Air |
|---|---|
| Heating | Boiler, Hot Water |
| Roof | Age 8 Years or Less, Rubber |
|---|---|
| Construction Materials | Block, Brick, Concrete |
| Lot Features | Corner Lot |
| Parking Features | On-Street Parking Only |
|---|
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|
| Property | 6042 |
|---|
| State | MN |
|---|---|
| County | Wabasha |
| City | Lake City |
| Zip Code | 55041 |
| Community Name | Lake City |
| School District | 813 |
| High School | Lake City |
| Listing VS Median (in Lake City) | |
Price: $389,900 low | high Med: $329,900 sqft: 7,250 low | high Med: 2,142 $ / sqft: $54 low | high Med: $154 On site: 25 low | high Med: 43 | |
| State | MN |
|---|---|
| County | Wabasha |
| City | Lake City |
| Zip Code | 55041 |
| Community Name | Lake City |
| School District | 813 |
| High School | Lake City |
| Listing VS Median (in Lake City) | |
Price: $389,900 low | high Med: $329,900 sqft: 7,250 low | high Med: 2,142 $ / sqft: $54 low | high Med: $154 On site: 25 low | high Med: 43 | |