Date
Details
Price
Change
Source
8/25/2026
Listed
$35,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Build in the heart of Southern Minnesota with the flexibility you've been looking for! This desirable lot at 503 2nd St SE offers no HOA and no restrictive covenants, giving you more freedom to build a home that fits your vision. Underground utilities are already in place, including electric, city water, sewer, and fiber optic cable, with no upcoming assessment for utility installation-a major advantage when planning your build. Madelia is a central Southern Minnesota location, approximately 30 minutes from Mankato, New Ulm, and Fairmont, making it easy to enjoy the amenities of larger communities while coming home to a lively small-town atmosphere. Madelia's downtown offers local shops, restaurants, businesses, community events, and plenty of activity throughout the year. With a welcoming community and plenty happening throughout the year, Madelia offers both convenience and character. If you've been waiting for the right place to build, this lot is ready for your vision-with the infrastructure already in place and the freedom to make it your own.
Full Property Details
Full Property Details for 503 2nd St SE
General
- Price: $35,000
- Taxes: (2026)
- Status: Active
- Type: Lots/Land
- Source: NorthStarMLS_RMLS
- MLS ID: 7133809
- Updated: 8/26/2026
- Added to Site: 3 day(s) ago
Location
- County: Watonwan
- Township: Madelia
- Driving Directions: Head W on Main. Turn L on Flanders Ave SE. Go straight, lots on right.
School Information
- School District: 837 - Madelia
- High School District: Madelia
Utilities
- Utility Description: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Underground Utilities Available, Underground Utilities Connected, Water Available, Water Connected
Lot Features
- Lot Size (Acres): 0.3
- Lot Dimensions: Irregular
- Frontage: City Street
- Development Status: Subdivided
- Zoning: Residential-Single Family
- Lot Description: Underground Utilities
Financial Considerations
- Tax Year: 2026
Disclosures and Reports
- Legal Description: STONE'S SUBD BLOCK-001 LOT-002
- CC&Rs: Yes
- Restrictions: Open
- Inclusions: Survey Stakes, Torrens
- Property ID: 176000110
Listed by True Real Estate
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— 503 2nd St SE —
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NMLS#: 1598647
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Schools
Schools serving 503 2nd St SE
School District:Madelia Public School District
| Name | Grades | Distance |
|---|---|---|
Madelia Elementary School 121 East Main Street, Madelia, MN 56062 | PK-6 | 0.4 mi |
Madelia Secondary 320 Buck Avenue Southeast, Madelia, MN 56062 | 7-12 | 0.2 mi |
Eminnesota Online Academy 320 Buck Avenue Southeast, Madelia, MN 56062 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 503 2nd St SE
Tax History
Tax History for 503 2nd St SE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$876
21%
$52,000
19%
2025
$726
19%
$43,600
—
2023
$610
-9%
$43,500
15%
2023
$674
7%
$37,800
4%
2022
$632
-21%
$36,300
21%
2021
$798
11%
$30,000
-25%
2020
$718
-44%
$39,800
-43%
2019
$1,272
—
$70,000
-8%
2018
$1,266
19%
$76,500
25%
2017
$1,060
7%
$61,400
11%
2016
$990
-13%
$55,500
-15%
2015
$1,144
-15%
$65,400
-9%
2014
$1,348
—
$72,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 503 2nd St SE
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- Lots/Land
- Active
- Updated 1 day ago
- 0.23Acres
Listed by True Real Estate
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- Single Family
- Active
- Updated 21 minutes ago
- 2Beds
- 1Total Bath
- 1,070Sq. Ft.
Listed by True Real Estate
- Single Family
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- Updated 1 day ago
- 4Beds
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- Single Family
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- 3Beds
- 2Total Baths
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,320Sq. Ft.
Listed by True Real Estate
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 2,150Sq. Ft.
Listed by Weichert Realtors, Community Group
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 2,035Sq. Ft.
Listed by Bridge Realty, LLC
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
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Listed by RE/MAX Dynamic Agents
- Single Family
- Active
- Updated 6 days ago
- 2Beds
- 2Total Baths
- 1,192Sq. Ft.
Listed by True Real Estate
503 2nd Street SE, Madelia, MN 56062 (MLS# 7133809) is a Lots/Land property with a lot size of 0.3 acres. 503 2nd Street SE is currently listed for $35,000 and was received on August 25, 2026. Want to learn more about 503 2nd Street SE? Do you have questions about finding other Lots/Land real estate for sale in Madelia? You can browse all Madelia real estate or contact a Coldwell Banker agent to request more information.