Sold: Madison MLS# 6700400
Sold
$82,000 (list price)
$25,000
Commercial: Apartments/Retail
Built 1950
0.26 acres
Lac Qui Parle Valley schools
MLS# 6700400
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Property Description
Great location & formerly a boutique, this 1, 880 sq ft building is truly unique! If you're looking for a DUAL Income opportunity, here is your chance! Located along State Hwy 75/8th avenue, the 1220 sq ft store front/office area is easy access for customers and clients; plus a great space for the business you desire. The 2nd business opportunity is the attached two bedroom apartment with private access, full bath and a full basement that would be great for storage and laundry service. Since 2013, a number of renovations and updates have been done to the building; including: new store front renovation of windows, vinyl plank flooring, paint, electrical & plumbing upgrades, the addition of a 1/2 bath in the commercial store front of bldg., and conversation of the former single car garage into additional commercial space on the south side. With an 80' x 140' lot, the possibilities are endless for this beautiful commercial property to be your next business opportunity! Call today for a tour!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$82,000
Sold Price:
$25,000
Sold Date:
08/25/2025
Property Type:
Commercial
City:
Madison
Garage Spaces:
0
County:
Lac Qui Parle
Year Built:
1950
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56256
Subdivision Name:
Madison
Interior
Ranges:
One
Appliances Included:
Electric Water Heater
Basement Details:
- Block
- Storage Space
- Unfinished
Exterior
Stories:
One
Garage Spaces:
0
Other Parking Spaces:
1
Air Conditioning:
Central Air
Foundation Size:
660 ft2
Foundation Dimensions:
22x30
Handicap Accessible:
No Stairs External
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Gravel
- Open
Unit Amenities:
Main Floor Primary Bedroom
Road Frontage:
- Curbs
- Paved Streets
- State Road
- Storm Sewer
- Street Lights
Exterior Material:
- Brick/Stone
- Vinyl Siding
- Wood Siding
Roof Details:
- Age 8 Years or Less
- Flat
Lot & Land
Acres:
0.26
Geolocation:
45.015907, -96.195696
Inclusions:
Building, Fixture/Equipment
Lot Dimensions:
80 x 140
Zoning:
Business/Commercial
Schools
School District:
2853
District Phone:
320-752-4205
Expenses
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$1,274
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,442
Units
Total Units:
2
Miscellaneous
Current Use:
Retail
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
Electric Common
Water System:
City Water - In Street
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Hughes Real Estate and Auction.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.