Address
600 Walnut Avenue Madison Lake, MN
Price
$ 699,000
Property Attributes
  • ID#5760769
  • TypeCommercial
  • CountyBLUE EARTH
  • CityMadison Lake
  • AreaMadison Lake
  • Zip56063
  • StyleBusiness
  • Year Built1920
  • Taxes$ 4681
  • Price$ 699,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4950
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
RE/MAX Dynamic Agents
Data Source:
NorthstarMLS
Property Description

"The Market" in Madison Lake has been one owner for nearly forty years under current ownership and has led them into retirement. This convenient "super ed" store has 24 hr gas and is conveniently located on HWY 60, a main route in the City. The building has a total of 5,000 sq. ft. +/-. with approximately 1,000 sq./ft. currently used for storage, which allows for a new owner for upside by capitalizing on the space in leasing out for additional income or converting to a much needed laundromat for the city of Madison Lake. Madison Lake is 10 miles east of Mankato in south central Minnesota in the county of Blue Earth. It is one of the more popular lakes in southern Minnesota with over 1,400 acres and known for its Walleye population. The city is surrounded with over ten lakes making Madison Lake THE hub for lake entertainment. Madison Lake has been experiencing a population growth resulting in a rise on residential development.

Price History
5/19/2021 Listed $699,000

General Features

Accessibility No Stairs Internal, No Stairs External
Construction Materials Aluminum Siding
Contingency None
Current Use Other
Heating Forced Air
High School District Mankato
Lender Owned No
Parking Features Paved, RV Access/Parking, Open
Property SubType Business
Property Type Commercial Sale
Roof Rubber
Sewer City Sewer/Connected
Standard Status Active
Tax Annual Amount 4681
Total Units 2
Zoning Description Business/Commercial

Exterior Features

Foundationarea 4950
Lot Dimensions 142 x 100
Lot Features Corner Lot
Lot Size Area 0.33
Lot Size Units Acres
Road Frontage Type City Street, Highway, Paved Streets, Curbs, Sidewalks
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 56063

Price
AVG $700K
$700K
Taxes
AVG $4,681
$4,681
Visits
AVG 20
20
Year Built
AVG 1920
1920
Walkscore
AVG 30
30
Data Provided by Walkscore ® not using MLS data

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