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Refinery 507 100 State St N 10,747 SF 100% Leased Retail Building Waseca, MN 56093 $980,000 ($91.19/SF)
INVESTMENT HIGHLIGHTS
- This property is in a prime location with consistent foot traffic, ensuring excellent visibility and customer flow.
- The dining space is modern and inviting, creating a welcoming atmosphere for guests.
- The property features an established restaurant layout, minimizing startup costs for another dining establishment.
- There is ample parking available for customers, making access convenient and hassle-free.
- The lower level includes an additional 1,339 square feet of leasable space, offering extra income potential.
- Situated in the heart of downtown Waseca, this prime location offers high visibility, steady foot traffic, and close proximity to local amenities.
EXECUTIVE SUMMARY
Located in the heart of downtown Waseca, 100 and 102 State St N present an exceptional investment
opportunity with a diverse mix of income-generating spaces and modern updates. These two buildings
offer a unique blend of functionality and charm, making them a valuable addition to any portfolio.
100 State is a vibrant multi-use property that includes three thoughtfully designed short-term rental
units, two versatile event spaces, and a main-level retail office space. The building also features a
thriving restaurant space, adding to its dynamic appeal. Next door, 102 State complements with a spacious retail area on the main level, a flexible short-term
rental and event space, and additional storage opportunities.
Situated in a prime location with high visibility and foot traffic, these buildings offer endless possibilities
for rental income, business operations, and event hosting. Don't miss the chance to invest in this unique
property and unlock its full potential!
opportunity with a diverse mix of income-generating spaces and modern updates. These two buildings
offer a unique blend of functionality and charm, making them a valuable addition to any portfolio.
100 State is a vibrant multi-use property that includes three thoughtfully designed short-term rental
units, two versatile event spaces, and a main-level retail office space. The building also features a
thriving restaurant space, adding to its dynamic appeal. Next door, 102 State complements with a spacious retail area on the main level, a flexible short-term
rental and event space, and additional storage opportunities.
Situated in a prime location with high visibility and foot traffic, these buildings offer endless possibilities
for rental income, business operations, and event hosting. Don't miss the chance to invest in this unique
property and unlock its full potential!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,747 SF
Year Built
1989
Price
$980,000
Price Per SF
$91.19
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.37
Lot Size
0.18 AC
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Storage Space
- Air Conditioning
- Balcony
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17.100.1420 | Improvements Assessment | $258,200 |
| Land Assessment | $27,900 | Total Assessment | $286,100 |
PROPERTY TAXES
Parcel Number
17.100.1420
Land Assessment
$27,900
Improvements Assessment
$258,200
Total Assessment
$286,100
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Refinery 507 | 100 State St N
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