102 State Street N, Waseca, MN 56093 (MLS# 7010286)

Overview

Description

Located in the heart of downtown Waseca, 102 State Street North offers a compelling investment opportunity with multiple income-generating possibilities. This property features a solid structure rich with distinctive character and thoughtful design throughout. Highlights include a spacious main-level retail area, ideal for a variety of business uses, a flexible short-term rental and event space providing additional revenue potential, and ample storage areas for added functionality. And, wait until you experience the upper level garage service door that leads you to the roof top entertainment paradise! Situated in a prime downtown location with excellent visibility and consistent foot traffic, 102 State Street presents outstanding opportunities for retail, rental income, or event hosting. A rare chance to invest in a character-rich property with strong upside and versatility.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1908
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 2483
For Sale or Lease: For Sale
Acres: 0.07
Assessment Pending: Unknown
Other Parking Spaces: 0
Lot Dimensions: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Hardwood Floors; Vaulted Ceiling(s) Appliances: Range; Refrigerator Basement: Full; Partially Finished CMU Style: Business Opportunity Construction Status: Previously Owned Current Use: Commercial; Event Space; Hotel/Motel; Professional Service; Storage Facility; Vacant Exterior: Brick/Stone Foundation: None Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: Supra On Site Utilities: None Available Parking Characteristics: Paved Lot Rental License Type: Airbnb Road Frontage: City Street Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 550000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 102
Street Name: State
Street Suffix: Street
Street Direction Suffix: N
Postal City: Waseca
County: Waseca
State: MN
Zip Code: 56093

Assessments

Assessment Balance: 89.38
Tax With Assessments: 3134

Building Information

Building Finished SqFt: 3925

More Information

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: SEMR
Supra: Yes

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Leases

Unit Details

Total Units: 3

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: ORIGINAL PLAT LOT 11 & N 3 FT OF LOT 12 BLK 8
Listing City: Waseca
Map Page: 999
Municipality: Waseca
School District: Waseca
School District Phone: 507-835-2500
Property ID Number: 171001400
Tax Year: 2026
Tax Amount: 3044.62
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Located in the heart of downtown Waseca, 102 State Street North offers a compelling investment opportunity with multiple income-generating possibilities. This property features a solid structure rich with distinctive character and thoughtful design throughout. Highlights include a spacious main-level retail area, ideal for a variety of business uses, a flexible short-term rental and event space providing additional revenue potential, and ample storage areas for added functionality. And, wait until you experience the upper level garage service door that leads you to the roof top entertainment paradise! Situated in a prime downtown location with excellent visibility and consistent foot traffic, 102 State Street presents outstanding opportunities for retail, rental income, or event hosting. A rare chance to invest in a character-rich property with strong upside and versatility.
Directions: From I-35, take Exit 40 for MN-14 west toward Waseca. Follow MN-14 west for about 20 miles. Take the MN-13 exit toward Waseca, then turn left onto MN-13 south. Continue for about 2 miles, turn right onto 2nd Ave NW, and left onto State St N. Destination is on the right.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Ceiling Fan(s): Yes
Hardwood Floors: Yes
Vaulted Ceiling(s): Yes

Appliances

Range: Yes
Refrigerator: Yes

Basement

Full: Yes
Partially Finished: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Foundation

None: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Parking Characteristics

Paved Lot: Yes

Rental License Type

Airbnb: Yes

Road Frontage

City Street: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

On Site Utilities

None Available: Yes

CMU Style

Business Opportunity: Yes

Current Use

Commercial: Yes
Event Space: Yes
Hotel/Motel: Yes
Professional Service: Yes
Storage Facility: Yes
Vacant: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Downtown: Yes