118 Jefferson Street S, Wadena, MN 56482
$127,000






































Property Type:
Commercial
Lot Size (sq. ft.):
3,485
Status:
Active
Current Price:
$127,000
List Date:
7/30/2025
Last Modified:
10/10/2025
Description
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!
More Information MLS# 6762723
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $127,000
Contingency: None
ListPrice: 127000
List Date: 2025-07-28
Office/Member Info
Association: GLAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: Yes
Year Built: 1880
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 25x140
Acres: 0.08
Foundation Size: 2379
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: ALL EXC N 8" & ALLEY OF N1/2 OF LOT 8, BLK 7
Listing City: Wadena
Map Page: 999
Municipality: Wadena
School District Phone: 218-632-2155
Zip Plus 4: 717
Property ID Number: 223001290
Tax Year: 2025
Tax Amount: 1078
In Foreclosure?: Not disclosed
Potential Short Sale?: Not disclosed
Lender Owned?: Not disclosed
Directions & Remarks
Public Remarks: 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!
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.
Accessible
No Stairs External: 1
Air Conditioning
Central Air: 1
Amenities Unit
Ceiling Fan(s): 1
Security System: 1
Appliances
Microwave: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 1078
Basement
Partial: 1
Poured Concrete: 1
Unfinished: 1
Building Information
Building Finished SqFt: 2379
Ceiling Height: 11-15
Construction Materials
Block: 1
Brick: 1
Construction Status
Previously Owned: 1
Exterior
Block: 1
Brick/Stone: 1
Fencing
None: 1
Flooring
Carpet: 1
Luxury Vinyl Plank: 1
Foundation
Combination: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Internet Options
Cable: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Alley: 1
Building Sign: 1
Delivery Door: 1
Display Window: 1
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 0
Other: 1
Road Frontage
City Street: 1
Highway: 1
Road Responsibility
Public Maintained Road: 1
Roof
Flat: 1
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory
Sewer
City Sewer/Connected: 1
Stories
One: 1
Topography
Level: 1
Unit 1
Unit Number: 1
Unit Details
Total Units: 1
Wall Description
Paneling: 1
Water
City Water/Connected: 1
Window Features
Display Window(s): 1
Double Pane Windows: 1
No. of Refrigerators
One: 1
On Site Utilities
Electric Common: 1
Heating Common: 1
CMU Style
Business Opportunity: 1
Retail/Shopping Center: 1
Single Occupancy: 1
Current Use
Commercial: 1
Retail: 1
Location Description
Downtown: 1
Overhead Door Clearance
0-9 Feet: 1
Potential Use
Diversified: 1
Income: 1
Retail: 1
Location Tax and Other Information
House Number: 118
Street Name: Jefferson
Street Suffix: Street
Street Direction Suffix: S
Postal City: Wadena
County: Wadena
State: MN
Zip Code: 56482
Property Features
Accessible: No Stairs External
Air Conditioning: Central Air
Amenities Unit: Ceiling Fan(s); Security System
Appliances: Microwave; Refrigerator
Basement: Partial; Poured Concrete; Unfinished
CMU Style: Business Opportunity; Retail/Shopping Center; Single Occupancy
Construction Materials: Block; Brick
Construction Status: Previously Owned
Current Use: Commercial; Retail
Exterior: Block; Brick/Stone
Fencing: None
Flooring: Carpet; Luxury Vinyl Plank
Foundation: Combination
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable
Location Description: Downtown
Miscellaneous Information: Alley; Building Sign; Delivery Door; Display Window
On Site Utilities: Electric Common; Heating Common
Overhead Door Clearance: 0-9 Feet
Parking Characteristics: Other
Potential Use: Diversified; Income; Retail
Road Frontage: City Street; Highway
Road Responsibility: Public Maintained Road
Roof: Flat
Sewer: City Sewer/Connected
Stories: One
Topography: Level
Wall Description: Paneling
Water: City Water/Connected
Window Features: Display Window(s); Double Pane Windows
Listing Office: Albers Realty
Last Updated: October - 10 - 2025

The data relating to real estate for sale on this web site comes in part from the Broker
Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal.
©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.