Waterville is located in the heart of the beautiful Southern Minnesota Lakes Region. Conveniently nestled between Lake Tetonka and Sakatah, Waterville is 15 miles west of Faribault off Interstate 35 W and 22 miles east of Mankato on Minnesota Hwy 60. With world class fishing, scenic beauty and a progressive atmosphere, Waterville is a wonderful place to visit or stay all year round!!! Please visit the City of Waterville website often for updates on what's happening at City Hall.