120 N Illinois Street, Lake City, IA 51449
Calhoun County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Style
Retail
Year Built
1900
Lot Dimensions
124'X 44'
Days on Market
425
MLS® Listing#
6327054
Property Features
- Heating:
- Ductless
- Parking:
- On Street
- Construction:
- Brick
- Utilities:
- None
- Sewer:
- Public Sewer
HOA & Tax
- HOA:
- WCIR
- Annual Tax:
- $2,382 (2025)
- Parcel #:
- 863307466001
Directions
From Hwy 175 turn North onto Illinois St. Go 1 block it is sit
Affordability Calculator
$19,800
Estimated monthly payment
$527/mo
Principal $79,200 · Est. interest $110,491 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lake City, IA
- $311,139
- Median Listing Price
- 64
- Median Days on Market
- 1,720
- Median Sq Ft
- $166
- Median Price / Sq Ft
- 1,059
- Active Listings
- This home’s price is 68% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lake City, IA.
Location
- 120 N Illinois Street, Lake City, IA 51449
Nearby Schools
South Central Calhoun High School
Secondary · 0.5 mi away
South Central Calhoun Middle School
Secondary · 9.7 mi away
Rockwell City Elementary School
Elementary · 10.4 mi away
Carroll Middle School
Secondary · 13.8 mi away
Carroll High School
Secondary · 13.9 mi away
Glidden-Ralston High School
Secondary · 14.3 mi away
Fairview Elementary School
Elementary · 14.6 mi away
St Paul Lutheran Church
Elementary · 14.9 mi away
St Lawrence School
School · 15.0 mi away
Paton-Churdan
Elementary · 15.1 mi away
Carroll Middle School
School · 15.2 mi away
Carroll Community School District
School · 15.2 mi away
Adams Elementary School
Elementary · 15.2 mi away
Kuemper High School
Secondary · 16.0 mi away
Kuemper Catholic Grade School
School · 16.0 mi away
East Sac County High School
Secondary · 16.8 mi away
Prairie Valley Elementary
Elementary · 16.9 mi away
East Sac County Middle School
Elementary · 17.1 mi away
East Sac County Elementary Sac Building
Elementary · 17.4 mi away
East Sac County Community School
School · 18.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Moving Cost Estimate
EXIT Agents in Lake City
Listing Courtesy: Exit Country Realty - 5152277355