120 N Illinois Street, Lake City, Iowa 51449

IA, Lake City
$120,000
  • Commercial Sale Property Type
  • 1900 Year Built
  • Active Status
Property Description
Located on the square in Lake City’s charming downtown square, this beautifully restored Carnegie Library offers a unique opportunity to own a piece of history reimagined as a vibrant commercial space. Originally constructed in 1900 with a grant from Andrew Carnegie, this iconic building has been thoughtfully converted into a versatile retail space, previously operating as the Carnegie Café, a beloved restaurant and bar since 2003. The building retains its classic Carnegie architectural details, including high ceilings, large windows, and a stately brick exterior, while featuring extensive interior and exterior renovations completed in 2016 and updated in 2024. Currently configured as a retail space, the property has a proven track record as a successful restaurant and bar, with a themed menu and signature drink list inspired by literary classics. Its layout is adaptable for various business concepts, including office space, retail, dining, or event spaces. The main floor spans 1,833 square feet, offering ample room for customer seating, displays, or operations. A full basement (approximately 1,800 SF) provides additional potential for storage, office space, or a possible conversion into a living area. This property is ideal for entrepreneurs, restaurateurs, or retailers seeking a distinctive venue with a story to tell. Whether you envision a boutique shop, a cozy café, or a lively bar, the Carnegie Library is an unique opportunity in a picturesque small-town.
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 6327054
  • Price: $120,000
  • Year Built: 1900
  • Status: Active
  • Office Name: Exit Realty Frontier
Features
  • Heating System Ductless
  • Parking On Street
  • Architectural Style Retail
  • Sewer City Sewer/Connected
  • Utilities None
Address Map
  • Country US
  • State IA
  • County Calhoun
  • City Lake City
  • Zipcode 51449
  • Street: Illinois
  • Street Number: 120
  • Street Suffix: Street
  • Longitude: W95° 16' 3.6''
  • Latitude: N42° 16' 5.4''
  • Directions: From Hwy 175 turn North onto Illinois St. Go 1 block it is sit
  • Street Dir Prefix: N
Additional Information
  • Accessibility Features: Accessible Elevator Installed
  • Construction Materials: Brick
  • Current Use: Retail
  • Lot Size Dimensions: 124'X 44'
  • Number Of Units Total: 1
  • Possible Use: Lounge/Bar,Restaurant
  • Previous Price: 120000
  • Water Source: City Water - In Street
Financial
  • Tax Annual Amount: 2382
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

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