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    Madison Lake, MN
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    Madison Lake, MN Multifamily Properties for Sale

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    Lakeside Bar and Grill with Deck
    Updated: Aug 15, 2025
    Lakeside Bar and Grill with Deck

    803 Main St, Madison Lake, MN 56063

    Contact for pricing
    6,056 sqft
    3,000‑square‑foot lakeside deck for outdoor dining and live music
    Full‑service bar and kitchen at the Landing on Madison
    Outdoor tiki bar plus boat/pontoon slip rentals
    Non‑oxy boat fuel for boat arrivals
    Open year‑round with summer and winter events
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Madison Lake, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Quadplex with Rooftop Deck
    Quadplex with Rooftop Deck

    412 Holly Lane, Mankato, MN 56001

    $1,195,000
    0.44 AC lot

    Fully renovated, fully occupied four-unit townhome offers each unit three bedrooms plus a private rooftop deck and in-unit laundry.

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    Newer-Construction 16-Unit Portfolio
    Newer-Construction 16-Unit Portfolio

    220 SW Maple Ave, Elysian, MN 56028

    Contact for pricing
    17,280 sqft 2.15 AC lot

    Sixteen fully leased units in four 4-plex buildings built in 2021–2022 with in-unit laundry and private patios/decks.

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    Flex Space with Metal Roof
    Flex Space with Metal Roof

    406 W State Hwy 60, Elysian, MN 56028

    $299,900

    Flex space on W State Hwy 60 with metal roof and heating via wall furnace and space heater.

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    Fully Renovated 4-Unit Townhome
    Fully Renovated 4-Unit Townhome

    412 Holly Ln, Mankato, MN 56001

    Contact for pricing

    Four fully renovated townhome units are each occupied and feature 3 bedrooms, in-unit laundry, and updated finishes.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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    Commercial Development Land Parcel
    Commercial Development Land Parcel

    101 Morris Avenue, Hinckley, MN 55037

    $799,000
    9.20 AC lot

    Approximately 9.2-acre commercial land parcel near highway access in Hinckley, Minnesota.

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    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

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    Alexandria Lakeshore Property with Rental Opportunity
    Alexandria Lakeshore Property with Rental Opportunity

    5950 County Road 8 NW, Alexandria, MN 56308

    $798,500
    15.62 AC lot

    Lakeshore property with rental cabins and RV sites near Alexandria.

    View details

    Madison Lake, MN Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Madison Lake, MN on our real estate platform. These investment opportunities span a total of 6,056 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 1

    Demographics Overview

    Population 3,059
    Population Growth (5Y) +9.3%
    Median Household Income $100,156
    College Educated 54.3%

    Taxes & Financing

    Tax Rate (average for all types) 1.86%
    Property Tax per SF $29.86 per SF
    Tax Rate vs County Average 0.56 pp below county avg
    Average Loan-to-Value 65.0%

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