118 Jefferson Street S Wadena, MN 56482
For Sale MLS# 6762723
Other
Details for 118 Jefferson Street S
MLS# 6762723
Description for 118 Jefferson Street S, Wadena, MN, 56482
Step into a piece of local history with this incredible opportunity to own and operate Lyle’s Shoe Store, a long-standing retail staple in downtown Wadena since 1955 (70 years in business!). This turn-key business sale includes the building, all inventory, established brand name, recognizable logo, point-of-sale/operating system, security camera setup, office equipment, shelving, and more—everything you need to keep the legacy thriving.Strategically located in the heart of Wadena’s downtown district, Lyle’s Shoe Store offers great street visibility and consistent foot traffic from loyal customers and new visitors alike. With decades of trusted service, this business enjoys a strong reputation and deep community roots.Whether you're an aspiring entrepreneur or a seasoned business owner looking to expand, this is a rare chance to step into a fully equipped retail operation with immediate income potential.Don’t miss your chance to own a local icon. Schedule your showing today!
Listing Information
Property Type: Commercial
Status: Active
Lot Size: 0.08 Acres
Square Feet: 2,379 sq ft
Year Built: 1880
Foundation: 2,379 sq ft
Stories: 1 Story
Number Of Units Total: 1
Current Use: Commercial,Retail
County: Wadena
Days On Market: 146
Construction Status: Previously Owned
School Information
District: 2155 - Wadena-Deer Creek
Interior Features
Appliances: Microwave, Refrigerator
Flooring: Carpet,Luxury Vinyl Plank
Basement: Partial, Poured Concrete, Unfinished
Doors/Windows: Double Pane Windows, Display Window(s)
Accessibility: No Stairs External
Additional Interior Features: Ceiling Fan(s), Security System
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common
Cooling: Central
Heating: Natural Gas, Forced Air
Exterior / Lot Features
Open Parking: 2
Parking Description: On-Street Parking Only, Other, Garage Dimensions - 0, Garage Door Height - 0, Garage Door Width - 0, Garage Sq Ft - 0.00
Exterior: Block, Brick/Stone
Roof: Flat
Lot Dimensions: 25x140
Zoning: Business/Commercial
Topography: Level
Additional Exterior/Lot Features: Land Inclusions - Building,Business,Business Assets,Fixture/Equipment,Inventory, Road Frontage - City, US Highway
Driving Directions
From the intersection of US Hwy 10 and US Hwy 71 in Wadena, take US Hwy 71 S for approx 1.5 blocks; property is on east side.
Financial Considerations
Tax/Property ID: 223001290
Tax Amount: 1078
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Albers Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 118 Jefferson Street S
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 118 Jefferson Street S
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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