600 Walnut Avenue Madison Lake, MN
$ 699,000
Property Attributes
  • ID#5760769
  • TypeCommercial
  • CountyBLUE EARTH
  • CityMadison Lake
  • AreaMadison Lake
  • NeighborhoodMadison 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:
Northstar MLS (NSTAR) - 133 - MN
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
Additional Parcels Y/N No
City Madison Lake
Construction Materials Aluminum Siding
Contingency None
County Blue Earth
Current Use Other
Days on Market 6
Directions Highway 60 to Madison Lake - business is on the left when entering the city.
Heating Forced Air
High School District Mankato
Lender Owned No
Property SubType Business
Property Type Commercial Sale
Roof Rubber
Sewer City Sewer/Connected
Standard Status Active
Street Name Walnut
Subdivision Name Madison Lake
Tax Annual Amount 4681
Tax Year 2020
Total Units 2
Utilities None
Year Built 1920
Zoning Description Business/Commercial

Interior Features

Fuel Natural Gas
Street Suffix Avenue
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, 1 Room, 2 Room, 3 Room, 4 Room, 5 Room, 6 Room, 7 Room

Exterior Features

Foundationarea 4950
Inclusions Business, Building, Land, Fixture/Equipment
Lot Dimensions 142 x 100
Lot Features Corner Lot
Lot Size Area 0.33
Lot Size Units Acres
Parking Features Paved, RV Access/Parking, Open
Road Frontage Type City Street, Highway, Paved Streets, Curbs, Sidewalks
Water Source City Water/Connected
Waterfront Y/N No


  • 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

AVG $700K
AVG $4,681
AVG 69
Year Built
AVG 1920
AVG 30
Data Provided by Walkscore ® not using MLS data

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