127 Park Avenue SW Silver Lake, MN ^$ 1,200,000

127 Park Avenue SW

^$ 1,200,000

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127 Park Avenue SW

Silver Lake, MN, 55381

^$ 1,200,000

Bedrooms14 Baths12.0

Monthly Estimate*

^$ 8,288

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Commercial Property for sale in Silver Lake, MN

for $1,200,000 with 14 bedrooms and 12 full baths. This building was built in 1984 on a lot size of 1.59.

Lakeside Manor Apartments in picturesque Silver Lake, MN is a 12 unit rental apartment community for adults aged 50 and older. This impeccably maintained lakefront property features 10 one bedroom and 2 two bedroom apartment homes, coin op laundry room, community room, public restroom, off-street parking, 4 car garage, additional outbuilding, 1.59 acre lot complete with a fantastic lakefront view!

Commercial Active

Price

^$ 1,200,000

Bedrooms

Full Bath

Property Type

Commercial

Taxes

^$ 11,578

Style

Lot Size

1.59

Year Built

1984

Town/City

Silver Lake

County/Region

McLeod

MLS | Web ID

7134909

Features

General

Sewer City Sewer/Connected

Heating Boiler

Cooling Wall Unit(s)

Utilities Electric Common Electric Separate Heating Common Hot Water Common

Roof Age Over 8 Years Asphalt

Appliances Dryer Exhaust Fan Gas Water Heater Range Refrigerator Washer Water Softener Owned

Garage Spaces 4

Construction Materials Frame

Year Built 1984

Tenant Pays Electricity

View Lake

Levels One

Tax Year 2026

Current Use Residential

Gross Income 103845

Waterfront Features Lake Front

Accessibility Doors 36 + Grab Bars In Bathroom Hallways 42 + Door Lever Handles No Stairs External No Stairs Internal

County McLeod

Net Operating Income 60435.8

Operating Expense 43409.2

Insurance Expense 10368

New Construction N

Property Type Commercial Sale

Contingency None

Directions From State Hwy 7 south on Park Ave to property.

City Silver Lake

High School District Glencoe-Silver Lake

Zoning Description Residential-Multi-Family

Number Of Units Total 12

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 11578

Electric Expense 3159.05

Fuel Expense 2772.14

Trash Expense 2944.81

Water Sewer Expense 4650.65

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Exterior

Parking Features Detached Garage Electric Garage Door Opener Parking Lot

Lot Features Accessible Shoreline Tree Coverage - Medium

Water Source City Water/Connected

Inclusions Building Fixture/Equipment Leases Rental License

Lot Size Area 1.59

Lot Dimensions 256 x 370

Waterfront Y/N Y

Foundation Area 9537

Road Frontage Type City Street

Road Responsibility Public Maintained Road

Interior

Basement (Y/N) N

Total Bedrooms 14

Total Baths 12

Fuel Natural Gas

Waterfront Feet 256

Internal Only

Street Number 1 127

* Excluded Features

List By

White Companies, Inc

Broker

pam@mnadvantage.com

Affordability Calculator

$9,253

Per Month

Monthly Principal & Interest: $8,288
Monthly Property Taxes: $965
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Silver Lake, MN

Average List Price ^$916,500

Percent of Sale Price 24%

About Silver Lake, MN

724 Population

6% Since 2002

^$55,333 Median Income

38.97 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709436 Elementary School

709169 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/2/2026	$1,200,000		Listed Price

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127 Park Avenue SW, Silver Lake, MN, 55381 is a Commercial Property for sale at $1,200,000 with a lot size of 1.59. 127 Park Avenue SW has 14 bedrooms, 12.0 baths, and was built in 1984. The property's zip code is 55381 which is in Silver Lake, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/17/2026.

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127 Park Avenue SW

Commercial Property for sale in Silver Lake, MN

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