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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

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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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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Madison Lake, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

138 N Main St, Janesville, MN 56048

$475,000
12,361 sqft

Seven renovated apartments accompany three commercial suites in a downtown building with additional lower-level space.

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

220 Maple Ave SW, Elysian, MN 56028

$2,400,000
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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Mixed-Use Property with Outbuildings
Mixed-Use Property with Outbuildings

196 Main Street W, Elysian, MN 56028

$404,900
0.21 AC lot

Two apartments and a renovated office provide multiple occupancy configurations with dedicated parking and supplemental storage buildings.

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Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

138 N Main Street, Janesville, MN 56048

$475,000
0.28 AC lot

Downtown property combines renovated residential units with commercial suites and additional lower-level space.

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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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