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    9563 Madison St Garrison, MN 56450

    Sponsored
    For Sale
    $399,000

    Prime Retail Space, Hwy 169, MN

    Property size:
    5,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 9563 Madison St, Garrison, MN 56450, offers 5,440 square feet of retail space on a 0.27-acre lot (APN 24130607). The building features concrete block construction with a concrete foundation, asphalt shingle and rubber membrane roof, and steel siding. Inside, you'll find 3 bathrooms (2 main level, 1 upper level), fluorescent lighting, 8-foot ceilings, and 10 paved parking stalls. The property boasts a robust three-phase, 200-amp electrical system, natural gas boiler with baseboard heating, and comprehensive central air conditioning (ground, roof-top, and wall-mount units). Water is supplied by a well, and sewer is connected to the city system. Security features are in place. This well-maintained building enjoys high visibility and traffic counts due to its location along Highway 169, opposite Mille Lacs Lake. The property's history includes a long-standing, successful restaurant and ice cream shop operation, offering a unique investment opportunity with established clientele. The asking price is $399,000 ($73.35/sq ft). The property is zoned for commercial use.

    Property Features for 9563 Madison St

    General Information

    Property type
    Retail properties
    Square Feet
    5,440 SF
    Lot Size
    11,761 SF

    HighLights

    • Asking Price: $399,000
    • 5,440 SF Retail Building on 0.27 Acres
    • Located at 9563 Madison St, Garrison, MN 56450 (APN 24130607)
    • Features include: well water, city sewer, natural gas boiler with baseboard heat, central air conditioning (ground, roof‑top, and wall‑mount units), 200‑amp three‑phase electric, fluorescent lighting, concrete block construction, concrete foundation, asphalt shingle & rubber membrane roof, steel siding, 8' ceilings, 3 bathrooms, 10 paved parking stalls, and security system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ice Cream Spot ... Ice Cream Shop Spotlite Cafe & Ice ... Family Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Auto Repair Shop Auto Parts Store Hotel & Motel Department Store Pharmacy Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garrison
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -93.8252823
    Latitude
    46.2950058

    Nearby Comparable

    • $399,000
      5,440 SF

      Garrison Restaurant & Lake View

      Established Restaurant, Lakefront Apartment
      9563 Madison St, Garrison, MN 56450
      View Details
    • $169,900
      2,643 SF

      Garrison Commercial Space - Prime Location

      High-visibility storefront, ample space, great potential.
      9547 Madison St, Garrison, MN 56450
      View Details
    • $375,000
      5,440 SF

      Restaurant and Ice Cream Shop

      Established restaurant and ice cream shop near Mille Lacs Lake.
      9563 Madison St, Garrison, MN 56450
      View Details
    • $125,000
      0.11 Acres

      Garrison Retail Space on Highway

      High visibility retail space across from Lake Mille Lacs.
      9489 Madison St, Garrison, MN 56450
      View Details
    • $150,000

      Commercial Land on Hwy 169

      Prime commercial land available on the Hwy 169 corridor.
      169 Hwy, Garrison, MN
      View Details
    • $125,000
      0.17 Acres

      Garrison Commercial Space on Highway

      High visibility commercial space on Hwy 169 in Garrison, MN.
      9479 Madison St, Garrison, MN 56450
      View Details
    • $1,440,000
      6,936 SF

      Garrison Lakefront Resort Business

      Turn-key resort, multiple income streams
      7827 Us Highway 169, Garrison, MN 56450
      View Details
    • $42,000
      2.98 Acres

      Land Near Mille Lacs Lake

      3-acre tract ideal for hunting, recreation, or building.
      26259 County Road 26, Garrison, MN 56450
      View Details
    • $199,900
      37.00 Acres

      Wooded Acreage with Private Pond

      37 acres near Mille Lacs Lake with hunting and recreation.
      Tbd Red Oak Dr, Garrison, MN 56450
      View Details

    Nearby Similar for Sale

    • $125,000
      0.17 Acres

      Garrison Commercial Space on Highway

      High visibility commercial space on Hwy 169 in Garrison, MN.
      9479 Madison St, Garrison, MN 56450
      View Details
    • $125,000
      0.11 Acres

      Garrison Retail Space on Highway

      High visibility retail space across from Lake Mille Lacs.
      9489 Madison St, Garrison, MN 56450
      View Details
    • $375,000
      5,440 SF

      Restaurant and Ice Cream Shop

      Established restaurant and ice cream shop near Mille Lacs Lake.
      9563 Madison St, Garrison, MN 56450
      View Details
    • $169,900
      2,643 SF

      Garrison Commercial Space - Prime Location

      High-visibility storefront, ample space, great potential.
      9547 Madison St, Garrison, MN 56450
      View Details
    • $1,440,000
      6,936 SF

      Garrison Lakefront Resort Business

      Turn-key resort, multiple income streams
      7827 Us Highway 169, Garrison, MN 56450
      View Details
    • $399,000
      5,440 SF

      Garrison Restaurant & Lake View

      Established Restaurant, Lakefront Apartment
      9563 Madison St, Garrison, MN 56450
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Hwy 169, MN
    Where is this retail property located?
    The property is located at 9563 Madison St Garrison, MN.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Asking Price: $399,000; 5,440 SF Retail Building on 0.27 Acres; Located at 9563 Madison St, Garrison, MN 56450 (APN 24130607)
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    9563 Madison St Garrison, MN 56450
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    Garrison, MN 56450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9563 Madison St Garrison, MN 56450
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