600 walnut Avenue Madison Lake, MN 56063

$699,000
600 walnut Avenue, Madison Lake, MN 56063
7018814

Commercial Property for sale in Madison Lake, MN

for $699,000. This building was built in 1920.

Property Information

  • $699,000
  • Commercial
  • Taxes are $4,200
  • Commercial
  • Active
  • Built in 1920
  • Madison Lake, MN
  • Blue Earth County
  • MLS/Web ID is 7018814

Description

Grocery store and gas station for sale in Madison Lake which is located just minutes east of the city of Mankato and the University of MN/Mankato. This store has been in the family for over 37 years and has been a very profitable business. 2-10, 000 gallon tanks, with fiberglass piping, Gilbarco Impulse system with credit card chip enabled and 24 hour pay at the pump. Small bakery for home bread making and sitting area for lunches. With area lakes fishing, bait is also available. Additional space of 900 sq ft separate from the grocery store is also included. This area could be leased out for additional income. 960 SF lighted Canapy. - $1.5 Million+ in sales - Business included (inventory not included) . (Owner is Retiring) - Priced Below recent appraisal. This is a great opportunity to become your own boss, be part of a growing community, but yet enjoy the comfort of small town living.

Interior 4

Appliances

  • Security System / Alarm

Heating System

  • Forced Air

Sewer

  • City Sewer

Water Source

  • City Water

Exterior 3

Construction

  • Concrete Block
  • Frame/Wood

Road Frontage

  • City Street
  • Highway

Roof

  • Rubber

Miscellaneous 2

Commercial

  • Sale Includes Building
  • Sale Includes Business
  • Sale Includes Land

Utilities

  • Natural Gas

† Excluded Feature

Neighborhood & Schools

School District: Mankato #77

Listed By

Listing Agent: Scott Borgmeier
Broker: Mankato - WEICHERT, REALTORS® - Community Group

600 walnut Avenue, Madison Lake, MN, 56063 is a Commercial Property for sale at $699,000. 600 walnut Avenue has 0.0 baths and was built in 1920. The property's zip code is 56063 which is in Madison Lake, MN

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Market Pricing

Average % of sale price Median % of sale price
All listings in Madison Lake $351,052 50 % below $212,400 70 % below
Commerical listings in Madison Lake $1,599,500 129 % above $1,599,500 129 % above

Get the facts about Madison Lake, MN!

Population 838
Population Growth (since 2000) 28 %
Median Income $69,218
Median Age 39.4
Households w/ Children 29 %

Residential Dwellings

  • Owned 240
  • Vacant 72
  • Rented 74

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
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