Updated Restaurant and
New
For Sale
$249,000
102 Waldo Avenue S, Ihlen, MN 56164
Commercial Sale, Ihlen, MN
Property Size3,834 SF
Lot Size0.65 Acres
Price / SF$64.95
Days on Market6
Property Features for 102 Waldo Avenue S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Rooms
Basement
Accessibility
Accessible Approach with Ramp
Appliances
Cooktop, Dishwasher, Disposal, Water Heater - Electric, Exhaust Fan/Hood, Freezer, Water Heater - Gas, Indoor Grill, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener - Owned
Subdivision
O P Of Ihlen
Lot features
Irregular Lot
High school district
Pipestone Area Schools
Directions
Hwy 23 East on Judd St then North on Waldo St S.
Standard status
Active
APN
162000280
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
828
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ductless
Building Details
Year built
1950
Building materials
Block
Buildings
1
Listing Agency:
Keller Williams Realty-SF
Listed By:
Leslie Lynn Reese
(605) 275-0555
Added: Oct 25
Changed: Oct 29
Last Checked: Oct 30 at 12:06PM
MLS# 7164843
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This single-story restaurant and bar contains 3,834 square feet on a 0.65-acre parcel. The building dates to 1950 and received extensive updates completed in late fall 2019, including a new furnace and air-conditioning units. Block construction, forced-air heating, ductless and central air conditioning, and a ramp-accessible approach are among its physical features.
The property is on Highway 23 in Ihlen, Minnesota, with Pipestone, Jasper, Trent, and Trosky identified as nearby communities. On-site parking is available. The kitchen is equipped with an indoor grill, exhaust hood, cooktop, range, freezer, refrigerator, dishwasher, disposal, and microwave; the property also has a washer and water softener.
The property is on Highway 23 in Ihlen, Minnesota, with Pipestone, Jasper, Trent, and Trosky identified as nearby communities. On-site parking is available. The kitchen is equipped with an indoor grill, exhaust hood, cooktop, range, freezer, refrigerator, dishwasher, disposal, and microwave; the property also has a washer and water softener.
Key Highlights
- 3,834‑square‑foot restaurant and bar on 0.65 acres
- Updates completed in late fall 2019
- New furnace and air‑conditioning units
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 56164, MN
5,678
Population
2,634
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
93%
High-School Grad
240.5 sq mi
ZIP Area
24
Density / Sq Mi
$71,550
Median Household Income
$40,420
Median Earnings
$727
Median Rent
$133,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A single-story operation features commercial kitchen equipment and a ramp-accessible approach.
Where is this conventional restaurant located?
The property is located at 102 Waldo Avenue S Ihlen, MN.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 3,834‑square‑foot restaurant and bar on 0.65 acres; Updates completed in late fall 2019; New furnace and air‑conditioning units
