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102 State St. N 102 State St N 6,591 SF 100% Leased Office Building Waseca, MN 56093 $620,000 ($94.07/SF)

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INVESTMENT HIGHLIGHTS

  • This property is in a prime location with consistent foot traffic, ensuring excellent visibility and customer flow.
  • The property boasts two versatile event spaces, perfect for hosting gatherings, meetings, or special occasions.
  • Recently upgraded and move-in ready, this space allows for immediate occupancy with minimal setup.
  • The main level includes a retail office space, ideal for businesses seeking high visibility and foot traffic.
  • A rooftop entertaining space provides a unique setting, making it an excellent venue for live music performances and social events.
  • The properties feature flexible-use spaces, including retail, office, event, and residential options, allowing for diversity of income.

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!

ATTACHMENTS

waseca for sale

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
6,591 SF
Building Class
B
Year Built
1950
Price
$620,000
Price Per SF
$94.07
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
2,197 SF
Building FAR
1.01
Lot Size
0.15 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17.100.1400
Land Assessment
$22,200
Improvements Assessment
$52,100
Total Assessment
$74,300
  • Listing ID: 34049583

  • Date on Market: 12/2/2024

  • Last Updated:

  • Address: 102 State St N, Waseca, MN 56093

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