102 Waldo Avenue S Ihlen, MN ^$ 249,000

102 Waldo Avenue S

^$ 249,000

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102 Waldo Avenue S

Ihlen, MN, 56164

^$ 249,000

Bedrooms-- Baths-- Sq 3,834

Monthly Estimate*

^$ 1,720

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Commercial Property for sale in Ihlen, MN

for $249,000. This 3,834 square foot building was built in 1950 on a lot size of 0.651.

This 3834 sq. ft., building was recently, & extensively update. It is a single story restaurant/bar located along Hwy 23 with great visibility. It is a great location, close to Pipestone, Jasper, Trent and Trosky. This facility sits on a 0.65 acre lot. It offers a generous amount of parking. No expense was spared with the updates, which were finished late fall of 2019. Most recent updates are a new furnace and a/c units. Don't miss the opportunity to own this turnkey property.

Commercial Active

Price

^$ 249,000

Property Type

Commercial

Taxes

^$ 828

Style

Lot Size

0.651

Year Built

1950

Town/City

Ihlen

County/Region

Pipestone

MLS | Web ID

7164843

Features

General

Sewer City Sewer - In Street

Heating Forced Air

Cooling Central Air Ductless Mini-Split

Utilities Heating Common

Appliances Cooktop Dishwasher Disposal Electric Water Heater Exhaust Fan Freezer Gas Water Heater Indoor Grill Microwave Range Refrigerator Stainless Steel Appliances Washer Water Softener Owned

Garage Spaces 0

Construction Materials Block

Year Built 1950

Levels One

Tax Year 2025

Current Use Commercial Food Service Restaurant Bar/Tavern Vacant

Accessibility Fully Wheelchair Grab Bars In Bathroom Roll Under Accessibility

County Pipestone

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name O P Of Ihlen

Directions Hwy 23 East on Judd St then North on Waldo St S.

City Ihlen

High School District Pipestone Area Schools

Zoning Description Business/Commercial

Number Of Units Total 1

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 828

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Interior

Basement Block Storage Space Sump Pump Unfinished

Basement (Y/N) Y

Foundation Dimensions 54x71

Fuel Natural Gas

Exterior

Parking Features Gravel

Lot Features Irregular Lot

Water Source City Water - In Street

Inclusions Building Business Assets Fixture/Equipment Inventory

Lot Size Area 0.651

Building Area Total 3834

Lot Dimensions 142x200

Waterfront Y/N N

Foundation Area 3834

Internal Only

Street Number 1 102

* Excluded Features

List By

Keller Williams Realty-Sf

Broker

lesliereese@kw.com

Affordability Calculator

$1,789

Per Month

Monthly Principal & Interest: $1,720
Monthly Property Taxes: $69
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 Ihlen, MN

Average List Price ^$249,000

Percent of Sale Price 0%

About Ihlen, MN

43 Population

-4% Since 2002

^$52,885 Median Income

41.16 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2543151 Elementary School

2543173 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
10/25/2026	$249,000		Listed Price

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102 Waldo Avenue S, Ihlen, MN, 56164 is a Commercial Property for sale at $249,000 with 3,834 sqft and a lot size of 0.651. 102 Waldo Avenue S was built in 1950. The property's zip code is 56164 which is in Ihlen, 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 11/1/2026.

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102 Waldo Avenue S

Commercial Property for sale in Ihlen, MN

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