36206 660th Street Lake City, MN 55041 MLS# 7003667 9 beds | 5 baths
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Property Description Start 2026 with an Exceptional Investment Opportunity!
This versatile 13-acre income-producing property features four residential rental units along with 37+ storage units, offering an excellent rental history and strong, consistent income potential. This property is ideal for investors seeking both stability and growth.
Residential unit 1 & 2: Up/down duplex with separate entrances. Main floor unit is 2 bed, 1 bath and has approximately 1028 SQFT of living space. Laundry in unit. Upper level unit has 1 bed, 1 bath, laundry hookups and is approximately 480 SQFT of living space.
Residential unit 3: 3 bed, 1 bath mobile home that offers approximately 980 SQFT of living space. Laundry in-unit.
Residential unit 4: 3 bed, 2 bath mobile home that offers 1216 SQFT of living space. Laundry in-unit. Private driveway access.
STORAGE
East building (old hog barn): consist of 18 10x20 cold storage units. Separate driveway access from residential units.
Red barn: 10 cold storage units. Separate driveway access from residential properties.
Pole shed: 50x80, concrete floor, electricity, and water available. Used for boat/car storage and also offers separate shop space that is currently rented.
Additional miscellaneous storage units are located throughout the property. See supplements for info.
Details
Maps
Contract Information
Exclusions: Tenant's personal property not included in sale.
Status: Active
Current Price: 619900
Contingency: Inspection
ListPrice: 619900
List Date: 2026-01-01
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 6
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 9
Baths Total: 5
Foundation Size: 1028
Garage Stalls: 4
For Sale or Lease: For Sale
Acres: 13.07
Lot Dimensions: 876x646x876x646
Assessment Pending: No
Location Tax and Other Information
House Number: 36206
Street Name: 660th
Street Suffix: Street
Postal City: Lake City
County: Wabasha
State: MN
Zip Code: 55041
Assessments
Tax With Assessments: 6460
Building Information
Building Finished SqFt: 1268
Building SqFt: 1268
Income and Expenses
Annual Gross Income: 66000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 13
Section#: 8
Township#: 110
Sale Options
Sale Includes: Building
Unit 1
Unit Number: 1
Monthly Rent: 750
Three-Quarter Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Level: Main Level
Unit Total SqFt: 1028
Leased?: Yes
Lease Expiration Date: 2027-01-01
No. of 1 Bedroom Units: 1
Unit 2
No. of 2 Bedroom Units: 1
Full Baths: 1
Lease Expiration Date: 2027-01-01
Leased?: Yes
Level: 2nd Level
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 2
Unit Total SqFt: 480
Unit 3
No. of 3 Bedroom Units: 2
Full Baths: 1
Lease Expiration Date: 2027-01-01
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: 1
Total Bedrooms: 3
Unit Number: 3
Unit Total SqFt: 980
Unit 4
Full Baths: 2
Lease Expiration Date: 2027-01-01
Leased?: Yes
Monthly Rent: 760
Total Bathrooms: 2
Total Bedrooms: 3
Unit Number: 4
Unit Total SqFt: 1216
Unit Details
Total Units: 41
Property Features
Accessible: None
Air Conditioning: Window Unit(s)
Amenities Unit: Washer/Dryer Hookup
Appliances: Dryer; Range; Refrigerator; Washer
Assumable Loan: Not Assumable
Basement: Unfinished
CMU Style: Duplex Up and Down; Mixed Use; Other; Storage Unit
Construction Materials: Frame; Stone
Construction Status: Previously Owned
Current Use: Residential; Storage Facility
Exterior: Vinyl
Fencing: Privacy; Other
Foundation: Stone
Fuel: Propane
Heating: Forced Air
Loan Terms: Cash; Conventional
Location Description: Other/See Remarks
Lot Description: Suitable for Horses; Tree Coverage - Medium
Miscellaneous Information: Kitchen Facilities; Out Buildings
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate