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Downtown Waseca - Retail or Office Building 111 N State St

3,500 SF 100% Leased Retail Building Waseca, MN 56093 $205,000 ($59/SF)

Investment Highlights

  • Heavy Daytime Traffic
  • The building can be leased in its entirety or divided into individual office spaces
  • Situated in the vibrant downtown business district of Waseca, offering excellent visibility and easy access to local amenities
  • Perfect for a variety of professional uses including legal, financial, medical or general office use

Executive Summary

Here is a prime office building located in the heart of Waseca's downtown business district that is now available for sale or lease. This well-maintained property offers nearly 5,000 square feet of flexible office space, making it an ideal choice for businesses looking to establish or expand their presence in the area. Situated in the vibrant downtown business district of Waseca, offering excellent visibility and easy access to local amenities. The building can be leased in its entirety or by the office depending on your business needs. Starting at just $6.00 per SF (Gross) the building is perfect for a variety of professional uses including legal, financial, medical or general office use. This property offers a fantastic opportunity to secure a premium office space in a thriving downtown location. Whether you're looking to purchase a building for your growing business or lease a portion of the space, this property is sure to meet your needs.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,500 SF
Building Class
C
Year Built
1886
Price
$205,000
Price Per SF
$59
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.11
Land Acres
0.73 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
22 FT on State ST

Amenities

  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17.100.0610
Land Assessment
$201,700
Improvements Assessment
$1,181,000
Total Assessment
$1,382,700
  • Listing ID: 32817105

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 111 N State St, Waseca, MN 56093

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