516 MainMadison Lake, MN 56063

Property Details for 516 Main

Year built

1973

Lot size

0.08 AC

Property size (Sq ft)

2,232 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

R14.05.34.261.010

APU

R140534261010

• CAP approach

  CAP return

  Valuation

  6%

  $367,412

  6.5%

  $339,149

  7%

  $314,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $113,921

  Geo Method

  $113,921

• Alternative Use

  Use

  Valuation

  Residential

  $420,545

  Hospitality

  $385,217

  Educational

  $320,496

  Medical

  $331,518

  Retail

  $498,550

Location Insight

City

Madison Lake

County

Blue Earth

State

Minnesota

Latitude

44.2038

Longitude

-93.816

CBSA code

31860

CBSA name

MANKATO-NORTH MANKATO, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed Improved Value
  $120,000
• Assessed land value
  $7,400
• Assessed value
  $127,400
• Tax year
  2024
• Tax bill
  $2,330

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

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