Building Details

Year Built 1880

Listing Agency: Albers Realty Show Phone

Listed By: Jodana Albers Heinzen

Source: Homesminn

Added: Jul 26 Changed: Aug 28 Last Checked: Aug 29 at 11:46AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Albers Realty

Investment Insights

Based on property information with market context.

Lyle’s Shoe Store is a retail storefront and operating business at 118 Jefferson St S in downtown Wadena. The property dates to 1880 and has housed the shoe business since 1955.

The sale includes the building, existing inventory, the Lyle’s Shoe Store brand name and logo, point-of-sale and operating systems, security cameras, office equipment, shelving, and related retail components. The established operation provides an existing physical setup for continued shoe retail use.

Key Highlights

• Retail storefront and operating shoe business at 118 Jefferson St S, Wadena, MN 56482
• Building constructed in 1880
• Lyle’s Shoe Store has operated since 1955

Property Analytics

Property Profile

Current Use

Lyle's Shoes Clothing & Fashion Store

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Garden Center Skin Care Clinic Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

583

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 56482, MN

6,925

Population

3,387

Households

2

Avg Household Size

41

Median Age

15%

College-Educated

90%

High-School Grad

136.2 sq mi

ZIP Area

51

Density / Sq Mi

$56,356

Median Household Income

$34,651

Median Earnings

$699

Median Rent

$168,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Established Restaurant With Catering Equipment

201 Jefferson St S, Wadena, MN 56482

$399,000

10,500 SF

View details

Historic Mixed-Use Building

418 Jefferson St N, Wadena, MN 56482

$750,000

31,040 SF

View details

Storefront Building

122 Jefferson St N, Wadena, MN 56482

$125,000

5,892 SF

View details

Retail Storefront With Delivery Area

105 Jefferson Street S, Wadena, MN 56482

$139,500

0.07 Acres

View details

Retail Storefront with Delivery Area

105 Jefferson Street S, Wadena, MN 56482

$139,500

View details

Motel with Owner Housing

1410 Jefferson Street N, Wadena, MN 56482

Contact for pricing

6.00 Acres

View details

Dairy Farm With Milking Parlor

40847 640th Street, Wadena, MN 56482

Contact for pricing

View details

Similar Off Market Nearby

• Northside Floral — 508 Jefferson St S, Wadena, MN 56482

Frequently Asked Questions

What type of property is this?

Storefront property - Established retail operation includes inventory, fixtures, technology, and business branding.

Where is this storefront property located?

The property is located at 118 Jefferson St S Wadena, MN.

What is the asking price?

The asking price for this property is $119,900.

What are key features of this property?

This property features: Retail storefront and operating shoe business at 118 Jefferson St S, Wadena, MN 56482; Building constructed in 1880; Lyle’s Shoe Store has operated since 1955