Affinity Real Estate in Park Rapids
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MLS 6762723
Commercial

$400,000

118 S Jefferson Street
Wadena MN 56482
Step into a piece of local history with this incredible opportunity to own and operate Lyle’s Shoe Store, a long-standing retail staple in downtown Wadena since 1955 (70 years in business!). This turn-key business sale includes the building, all inventory, established brand name, recognizable logo, point-of-sale/operating system, security camera setup, office equipment, shelving, and more—everything you need to keep the legacy thriving. Strategically located in the heart of Wadena’s downtown district, Lyle’s Shoe Store offers great street visibility and consistent foot traffic from loyal customers and new visitors alike. With decades of trusted service, this business enjoys a strong reputation and deep community roots. Whether you're an aspiring entrepreneur or a seasoned business owner looking to expand, this is a rare chance to step into a fully equipped retail operation with immediate income potential. Don’t miss your chance to own a local icon. Schedule your showing today!

Additional Details

Year Built: 1880
Acres: 0.08 Acres
Lot Dimensions: 25x140
School District: 2155
County: Wadena
Taxes: $1,078
Taxes with Assessments: $1,078
Tax Year: 2025
CurrentUse: Commercial, Retail

Additional Features

Basement: Partial, Concrete, Unfinished
Fuel: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected
Air Conditioning: Central Air
Appliances: Microwave, Refrigerator
Roof: Flat

Listing Status

Active
2025-07-31 15:44:28 Date Listed
2025-07-31 15:44:28 Last Update
2025-07-31 15:44:28 Last Photo Update

Listed by Albers Realty

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All real estate information contained herein is provided by sources deemed to be reliable. We have no reason to doubt its accuracy but we do not guarantee it. All information should be verified.

Affinity Real Estate Inc
600 Park Avenue South / PO Box 512
Park Rapids, MN 56470

218-237-3333

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Affinity Real Estate in Park Rapids
MAIN MENU   |   COMMERCIAL  |  6762723