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For Sale:  Waseca MLS# 7010269

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Active NEW!
$850,000
/mo Edit
Commercial:  Other
Built 1906
0.179 acres
MLS# 7010269
763-576-8286
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    Property Description

    Located in the heart of downtown Waseca, 100 State Street North presents an exceptional investment opportunity with a diverse mix of income-generating spaces and modern updates. This vibrant multi-use property offers a unique blend of functionality, character, and thoughtful design, making it a valuable addition to any portfolio. The building features three thoughtfully designed short/long-term rental units, two versatile event spaces, and a main-level retail or office/gathering space. The former restaurant space offers excellent potential for reactivation or conversion and currently supports event use, adding flexibility and additional income opportunities. Situated in a prime downtown location with high visibility and strong foot traffic, 100 State Street offers endless possibilities for rental income, business operations, and event hosting. Don't miss the opportunity to invest in this unique downtown property and unlock its full potential.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $850,000
    Property Type: Commercial
    City: Waseca
    Garage Spaces: 0
    County: Waseca
    Year Built: 1906
    State: MN
    Property Style: Other
    Zip Code: 56093
    Subdivision Name: City/Waseca

    Interior

    Flooring: See Remarks, Wood
    Appliances Included:
    • Gas Water Heater
    • Water Softener Owned
    Basement Details:
    • Full
    • Owner Access
    • Partially Finished
    • Storage Space

    Exterior

    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 3,378 ft2
    Handicap Accessible: Wheelchair Ramp(s)
    Heating System: Forced Air
    Parking Features:
    • Gravel
    • On-Street Parking Only
    Unit Amenities:
    • Ceiling Fan(s)
    • Hardwood Floors
    Road Frontage: City Street

    Lot & Land

    Acres: 0.179
    Geolocation: 44.077684, -93.507058
    Inclusions: Building, Fixture/Equipment, Leases
    Lot Dimensions: 0
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Schools

    School District: 2287
    District Phone: 5078352500

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,236
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,236

    Units

    Total Units: 7

    Miscellaneous

    Current Use:
    • Commercial
    • Event Space
    • Hotel/Motel
    • Office
    • Professional/Office
    • Vacant
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Berkshire Hathaway HomeServices Advantage Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.