600 Walnut Avenue

Madison Lake, MN
$ 699,000 Beds 0 Baths 0 Sq 4,950
Monthly Estimate* How much can I afford?

"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.

Commercial

  • Price
  • $ 699,000
  • Lot Size
  • 0.33 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 4,950
  • Full Bathrooms
  • 0
  • Year Built
  • 1920
  • Half Bathrooms
  • 0
  • City, Zip
  • Madison Lake
  • Taxes
  • $ 4681
  • County
  • BLUE EARTH
  • Style
  • Business
  • Area
  • Madison Lake
  • MLS#
  • 5760769
  • Zip
  • 56063
Listing Provided by: RE/MAX Dynamic Agents
Data Source: NorthstarMLS

Features

General

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

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Woodbury, MN office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/19/2021 Listed $699,000

Property vs Zip Code Average in 56063

Price
AVG $700K
$700K
Taxes
AVG $4,681
$4,681
Visits
AVG 20
19
Year Built
AVG 1920
1920
Walkscore
AVG 30
30
Data Provided by Walkscore ® not using MLS data

Map

600 Walnut Avenue Madison Lake, MN is a Single Family Home for sale at $699000 with 4950 sqft and a lot size of 0.33 Acres Acre(s). 600 Walnut Avenue Madison Lake has 0 bedrooms, 0 baths and was built in 1920. The property's zip code is 56063 which is in Madison Lake, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.