PRICE REDUCED - TWO BLOCKS FROM LAKE PEPIN, IMMEDIATE POSSESSION! This is a wonderful ranch home featuring a hard surfaced countertop, nice floors, and much more PLUS a very large garage with ample room for benches, and storage. The double lot provides for ample free space for many outdoor activities. Inside space, plus outside space, plus close to Lake Pepin.GO
Active
Price cut: $7K (11/1)
$267,900
321 W Michigan St, Lake City, MN 55041
3beds
1,308sqft
Single Family
Built in 1971
10,759 Square Feet Lot
$265,600 Zestimate®
$205/sqft
$-- HOA
What's special
Nice floorsHard surfaced countertopDouble lot
- 120 days
- 465
- 27
Zillow last checked:
Listing updated:
Listed by:
Jim Miner 507-254-8071,
Plaza Realty of Rochester,Inc.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7108100
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bathroom
- Description: 3/4 Basement,Main Floor Full Bath
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Range, Stainless Steel Appliance(s)
- Laundry: Lower Level
Features
- Basement: Block,Full
- Has fireplace: No
Interior area
- Total structure area: 2,016
- Total interior livable area: 1,308 sqft
- Finished area above ground: 1,008
- Finished area below ground: 300
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Gravel, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (28 x 24)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 10,759 Square Feet
- Dimensions: 100 x 144
Details
- Foundation area: 1008
- Parcel number: R220086703
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Lake City
HOA
- Has HOA: No
Location
- Region: Lake City
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $228,400
- Annual tax amount: $2,572
- Date on market: 7/12/2026
Estimated market value
$265,600
$252,000 - $279,000
$1,795/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2026 | Price change | $267,900-2.5%$205/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7108100 Report a problem | ||
| 10/16/2026 | Price change | $274,900-5.2%$210/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7108100 Report a problem | ||
| 9/1/2026 | Price change | $289,900-3.3%$222/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7108100 Report a problem | ||
| 7/12/2026 | Listed for sale | $299,900+9.1%$229/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7108100 Report a problem | ||
| 3/24/2023 | Sold | $275,000+76.3%$210/sqft |
Source: Public Record Report a problem | ||
| 4/8/2022 | Sold | $156,000-2.5%$119/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6158369 Report a problem | ||
| 3/4/2022 | Pending sale | $160,000$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6158369 Report a problem | ||
| 3/2/2022 | Listed for sale | $160,000$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6158369 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,572 +2.1% | $228,400 +5.1% |
| 2024 | $2,518 -4% | $217,400 +4.5% |
| 2023 | $2,622 +4.2% | $208,100 +26.7% |
| 2022 | $2,516 +11.6% | $164,300 |
| 2021 | $2,254 +13.8% | $164,300 +0.1% |
| 2020 | $1,980 -2.2% | $164,100 +11.3% |
| 2019 | $2,024 | $147,500 +0.4% |
| 2018 | $2,024 +9.6% | $146,900 +7.4% |
| 2017 | $1,846 -0.6% | $136,800 |
| 2016 | $1,858 | -- |
| 2015 | $1,858 +1.8% | -- |
| 2012 | $1,826 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55041
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