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509 Walnut Avenue, 
Madison Lake, MN 56063

$199,900


4

Beds


2

Baths


2,820

Sq Ft


Single Family

Active

Listed by

Angie Vaneman Lynch

American Way Realty

Last updated:

February 22, 2026, 09:17 AM

MLS#

7039487

Source:

MN RASM

About This Home

509 Walnut Avenue

If you’ve been dreaming of small town living with lake views and easy access to Mankato, this Madison Lake home is full of opportunity. Located within walking distance to Madison Lake, The Landing, and convenient local stores, you’ll love the charm of this community and the lifestyle it offers. Morning walks to the lake, dinner down the street, and a quick commute to Mankato make this location hard to beat. Inside, the home is ready for someone to bring their vision and build sweat equity. The main floor features a spacious living room, dining area, office, and kitchen with access to a concrete patio. You’ll also appreciate the convenience of main floor laundry with access to the back deck, where you can relax and take in views of Madison Lake overlooking the nearly half acre lot. A full bathroom completes the main level. Upstairs offers three bedrooms and another full bathroom, providing great separation of space. The basement houses the mechanicals and offers additional storage space. Outside, the almost half acre lot gives you room to garden, play, or simply enjoy the peaceful setting. A one stall detached garage adds extra storage and functionality. If you’re looking for an affordable way to get into a great location and make a home your own, this property is packed with potential and ready for its next chapter.

Home Facts

Single Family

2 Baths

4 Bedrooms

Built in 1890

Price Summary

199,900

$70 per Sq. Ft.

MLS #:

7039487

Last Updated:

February 22, 2026, 09:17 AM

Added:

14 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,820 Sq. Ft.


Structure

Structure

Architectural Style:

SF Single Family

Building Area:

2,820 Sq. Ft.

Year Built:

1890


Lot

Lot Size (Sq. Ft):

17,859


Finances & Disclosures

Finances

Price:

$199,900

Price per Sq. Ft:

$70 per Sq. Ft.

Source:MN RASM
The information being provided by REALTOR® Association Of Southern Mn, Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 REALTOR® Association Of Southern Mn, Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.