Cheers To Opportunity and Good Timing!
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 and bar.
Located on a main corner in charming Lake City, MN, and just one block up from the large Marina on beautiful Lake Pepin, the Old Bank Bar & Grill has been the place to go for both local residents and for tourists!
Formerly Lake City Bank, this lovely brick building, which was constructed in 1892, using oak craftmanship 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 have operated this business ever since. With big windows, the ambiance of this spacious barroom and banquet room is extremely comfortable and inviting.
Offering the “Best Burgers West of the Mississippi”, this well-known, well-loved bar is the place to go after a great day of recreation on Lake Pepin!
Over the years, they have hosted many Dart Leagues, Pool Leagues, Bar Bingo, Bean Bag Tournaments, and known for their epic “Indoor Fishing Tournament,” which draws huge crowds. Their food menu is simple, and the prices are very reasonable.
Highlights: gleaming, sprawling L-shaped bar; fully equipped kitchens on both first and second floors; pool table, pinball, electronic games, dart boards; several flat screen TVs for enjoying MN and WI sports teams; a couple of antique vaults, one of which was converted to the world’s most secure walk-in cooler!; large basement is perfect for needed storage place and mechanicals.
Median Income: $48,390
Unemployment Rate: 3.1% (national average is 3.7%)
Population within 25 miles: 246,000
Population within 50 miles: 457,000
This is God’s country! He and Mother Nature smiled on this region: bluffs; rolling, fertile farmlands and vineyards; hardwood forests; the beautiful upper Mississippi River!
Small town Upper Midwest U.S.A. folks both respect one’s privacy and become loyal friends. They welcome every type of person, and love to learn of their cultural backgrounds. They are committed to quality of life within their communities. Their children grow up happy, smart, and ambitious.
Lake City has great parks for walking, swimming, and fishing, as well as some of the best boating in the Midwest. Docking and refueling areas are available to boaters at Lake City Marina or Hansen’s Harbor. It also has the greatest number of 19th century homes for a town this size in Minnesota, providing great sightseeing. Lake City is located along the shoreline of Lake Pepin, an outwash formation of the Chippewa and Mississippi River, approximately 3 miles wide and 21 miles long, with the magnificent Mississippi flowing through it.
Our largest park, 250-acre Hok-Si-La Park, has walking trails, an interpretive center, tent camping, screened shelters, a dining hall, and a cool beach.
Only an hour and a half southeast of the Twin Cities of Minneapolis/St. Paul, Lake City, with a population of just over 5,000 fine souls, is the go-to destination for wonderful Lake Pepin fishing and pleasure boating. State hardwood forest lands lie just north and just south of Lake City. The region offers superior autumn leaf color viewing, and it is a corridor for migrating bird life; it’s a famous area to go antiquing, with hundreds of charming shops offering bargain buys. Lake City has wide streets, historical buildings, and it features a challenging championship golf course.
You’re invited to attend our annual festivals, including the 100-Mile Garage Sale in May, Tour De Pepin Bike Tour, Water Ski Days in June, Fourth of July Fireworks in July, and Johnny Appleseed Days in October, along with our Street Markets in late summer. Enjoy a scenic cruise on the Pearl of the Lake Paddleboat, a modern-day replica of the grand riverboats that traveled the Mississippi River in the 1800’s and enjoy the spectacular views from the lake. Or take a ride on the S.V. Quintessent Sailboat and feel the relaxing breeze of the waters. Lake City has two of the largest small-craft marinas on the Upper Mississippi River, with some of the greatest boating in the Midwest!
Shop at our unique small-town shops for all your shopping needs. Stay in one of our hotels, condominium rentals, cottage-style house rentals, or bed-and-breakfasts. You will enjoy it all, and many have beautiful Lake Pepin views.
Whether you want to fish, sail, motorboat, swim, golf at one of our three golf courses, just relax, or partake of our birthright, the sport of water-skiing, which was invented by Ralph Samuelson in 1922, we promise you that you won’t want to leave this magical place. Whatever you choose to do, there is something for everyone.
Lake City: dramatic landscapes, laid-back cultural and recreational activities rival most travel destinations, with a long summer season, warmer water, slower pace, and none of the crowds. Enjoy boating, golfing, snowmobiling, browsing our quaint shops and fine galleries…or just chilling!
Lake City offers a relaxing lifestyle, with friendly neighbors. All four seasons are filled with nature’s beauty. You will not be able to resist the out-of-doors and exploring this special region.
Lake City’s Winterfest (first weekend in February)
Fat Bike Tour (during Winterfest)
Tour De Pepin – A bicycle & paddleboat tour of Lake Pepin (first Saturday in June –
“Best Annual Bike Ride” – WCCO)
Water -Ski Days (last full weekend in June). Join us for three days of water-skiing exhibitions, live music in the beer garden, a street carnival, inflatables, festival food, sports tournaments, and a grand parade. It’s all great fun for children and adults of all ages!
The largest lake on the entire Mississippi River, Lake Pepin (a wide section on the upper River), which separates Minnesota and Wisconsin, is the birthplace of water skiing!
Historical Lake Pepin offers excellent fishing: good eating fish like Walleyes, Perch, and Sunfish; sport fishing like Small- and Largemouth Bass, Northern Pike, and Catfish. So many other species, too, you’ll never know what’s on your hook until you get it into the boat or onto the shore! From the Marina in Lake City, you can boat north or south as far as you want to. Ice fishing on Lake Pepin is equally exciting! People from all over love visiting Lake Pepin, and, afterwards, sitting back at the Old Bank Bar & Grill!
Because this region is so convenient to the Minneapolis/St. Paul metropolitan area, we think that it will boom in the coming years, perhaps to rival Reno! This quality building can be improved. A couple of possibilities: convert the second floor to a music/entertainment venue; since the building has a brand-new flat roof, a huge rooftop patio (with a Lake Pepin view) would be wonderful!