Log In/Sign Up
Your email has been sent.
Thyme on Main 100 State St N 10,747 SF Vacant Retail Building Waseca, MN 56093 $1,126,364 CAD ($104.81 CAD/SF)
Investment Highlights
- Prime Downtown Location: Heart of downtown Waseca, with high visibility, foot traffic, and proximity to local amenities
- Strong Tenant Appeal: Modern updates throughout both buildings ensure functionality and broad usability
- Among the most extensively renovated buildings in downtown Waseca, featuring all-new mechanicals and infrastructure with zero deferred maintenance
- Diverse Income Streams: Market-rate apartments, office space, and retail space, with remaining vacancy available to lease or owner-occupy
- Flexible Lower Level: Highly usable space suited to a variety of tenant or owner needs
Executive Summary
100 State Street N offers a fully renovated mixed-use property with diverse income streams and virtually no deferred maintenance. This turn-key asset is ideal for investors seeking stable cash flow or owner-users looking for a flexible business location. The property features three fully leased, market-rate apartments with the potential to add a fourth, a rear office space, and a versatile front retail area suitable for:
- Fully equipped restaurant
- Ghost kitchen
- Co-working space
- Retail storefront
- Event venue
Extensively renovated between 2021 and 2023, the building includes updated mechanicals and infrastructure, minimizing future capital needs. Whether you're expanding your investment portfolio or launching your next business venture, 100 State Street N offers exceptional flexibility and long-term value.
- Fully equipped restaurant
- Ghost kitchen
- Co-working space
- Retail storefront
- Event venue
Extensively renovated between 2021 and 2023, the building includes updated mechanicals and infrastructure, minimizing future capital needs. Whether you're expanding your investment portfolio or launching your next business venture, 100 State Street N offers exceptional flexibility and long-term value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,747 SF
Building Class
B
Year Built
1989
Price
$1,126,364 CAD
Price Per SF
$104.81 CAD
Percent Leased
Vacant
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
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17.100.1420 | Improvements Assessment | $365,820 CAD |
| Land Assessment | $39,529 CAD | Total Assessment | $405,349 CAD |
Property Taxes
Parcel Number
17.100.1420
Land Assessment
$39,529 CAD
Improvements Assessment
$365,820 CAD
Total Assessment
$405,349 CAD
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Thyme on Main | 100 State St N
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.