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
118 Jefferson Street S, Wadena, MN 56482- MLS# 6762723
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