Lori Gustafson

22098 State Highway 60

Madison Lake, MN
$ 749,900 Beds 4 Baths 3 Sq 4,160
Monthly Estimate* How much can I afford?

Calling all hobby farmers, business owners, and outdoor enthusiasts! Welcome to 22098 State Highway 60, just minutes from Madison Lake and only 10 minutes from Mankato. Situated on 15 acres, this versatile property offers the space and infrastructure to fit a wide variety of needs. Approximately 9 acres are fully fenced pasture and ready for animals. The property also features a storage shed, a heated shop with concrete floors and a bathroom, a large pole building with office space, a Quonset building, and a pond. Whether you're looking for a hobby farm, additional storage, or a place to operate your business, the possibilities are endless. Inside the house, the main level offers three bedrooms, two bathrooms, main-level laundry, a spacious kitchen, and a large family room overlooking the backyard and pasture. The lower level is currently set up as a separate living space with a large family room, kitchen, and workshop area, providing excellent flexibility for multi-generational living or other uses. The property also includes an attached garage for the main home and a detached garage serving the lower-level living space. Opportunities like this don't come around often. Schedule your private showing today!

Single Family

  • Price
  • $ 749,900
  • City
  • Madison Lake
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • BLUE EARTH
  • Half Bathrooms
  • 0
  • Area
  • King Add
  • Lot Size
  • 15.1 Acres
  • Zip
  • 56063
  • Sqr Footage
  • 4,160
  • Year Built
  • 2000
  • Taxes
  • $ 6596
  • Style
  • Single Family
  • MLS#
  • 7115384
Listed By: Re/Max Advantage Plus
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 4160
Sewer Septic System Compliant - Yes
Heating Forced Air
Cooling Central Air
Roof Metal
Garage Spaces 2
Pool Features None
Construction Materials Frame
Year Built 2000
Electric Circuit Breakers
Topography Gently Rolling,Rolling,Sloped
Levels One
Property Subtype Single Family
Tax Year 2025
Waterfront Features Pond
Accessibility Fully Wheelchair
County Blue Earth
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name King Add
Other Structures Garage(s),Barn(s),Chicken Coop/Barn,Shed(s),Pole Building,Stables,Storage Shed
Full Baths 2
Directions HIghway 14,North on Highway 60
City Madison Lake
High School District Mankato
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 6596
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Farm Type Beef,Hobby,Horse,Livestock,Poultry
PostalCity Madison Lake

Interior Features

Basement Block,Daylight/Lookout Windows,Walkout
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 2140
3/4 Baths 1
Laundry Features Main Level
Total Bedrooms 4
Below Grade Finished Area 2020
Total Baths 3
Bath Desc 3/4 Basement,Full Primary,Main Floor Full Bath
Dining Room Description Breakfast Area,Informal Dining Room
Foundation Dimensions 48x54
Fuel Propane
Garage Dimensions 31x25
Garage Square Feet 775

Exterior Features

Parking Features Attached Garage,Gravel,Electric,Garage Door Opener,Heated Garage,Insulated Garage
Lot Features Suitable for Horses,Tree Coverage - Light
Water Source Shared System,Well
Lot Size Area 15.1
Building Area Total 4160
Lot Dimensions 496x772
Waterfront Y/N No
Foundation Area 2020
Road Frontage Type State Road
Pasture Area 9
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/24/2026 Listed $799,900
8/11/2026 7% - $749,900

Property vs Zip Code Average in 56063

Price
AVG $680K
$750K
Taxes
AVG $5,954
$6,596
Year Built
AVG 1991
2000
Visits
AVG 329
5795
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

22098 State Highway 60 Madison Lake, MN is a Single Family Home for sale at $749900 with 4160 sqft and a lot size of 15.1 Acres Acre(s). 22098 State Highway 60 Madison Lake has 4 bedrooms, 3 baths and was built in 2000. The property's zip code is 56063 which is in Madison Lake, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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