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Flex Space with Finished Garage
New
For Sale
$75,000

317 W 2nd Street, Madison, MN 56256

Land, Madison, MN

Property SizeContact for details
Lot Size0.22 Acres
Days on Market3

Property Features for 317 W 2nd Street

General Information

Property type Land
Property subtype Other
Zoning description Residential-Single Family
Subdivision Madison
High school district Lac Qui Parle Valley
Directions FROM HWY 40 OR 1ST STREET GO NORTH 1 BLOCK
Standard status Active
APN 540377000
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 594

Utilities

Utilities Water Available

Building Details

Year built 2019
Listing Agency: Peterson Team Realty
Listed By: Dawn G Peterson
Added: Aug 25 Last Checked: Aug 27 at 1:06PM
MLS# 7133183

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.

Investment Insights

Based on property information with market context.

This flex property includes a 2019-built building on a 0.215-acre lot. The structure has a fully finished interior, insulation, electric heat, fans, garage door openers, and electric and water hookups. A finished room with barn wood décor was used for workouts and can accommodate office or storage functions.

The property also includes a 2+ garage configuration, providing enclosed space within the building. Water is available at the property, and the address is in Madison, Minnesota.

Key Highlights

  • 2019‑built flex property on a 0.215‑acre lot
  • Fully finished, insulated interior with electric heat
  • Electric and water hookups available

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Building Supply Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

244
Businesses Nearby
Balanced
Demand for This Use

Demographics for 56256, MN

2,433
Population
1,349
Households
1.8
Avg Household Size
51
Median Age
21%
College-Educated
96%
High-School Grad
230.6 sq mi
ZIP Area
11
Density / Sq Mi
$62,250
Median Household Income
$35,302
Median Earnings
$906
Median Rent
$122,400
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Insulated commercial building includes electric heat, water hookups, fans, and a completed interior suitable for office or storage use.
Where is this flex space located?
The property is located at 317 W 2nd Street Madison, MN.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 2019‑built flex property on a 0.215‑acre lot; Fully finished, insulated interior with electric heat; Electric and water hookups available
More about this property
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