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Downtown Waseca Mixed-Use Opportunity
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102 State St N, Waseca, MN 56093

Versatile property in downtown Waseca with retail and rental potential.

Property Size3,223 SF
Price / SF$170.65
Days on Market164

Property Features for 102 State St N

General Information

Standard status Active
Size 3,223 SF
Property subtype Hospitality, Mixed Use, Office, Retail

Building Details

Year Built 1908
Stories 2
Listing Agency: Berkshire Hathaway HomeServices Advantage Real Estate
Listed By: Becky Hermanson · License #MN
Source: Crexi
Added: Feb 28 Changed: Aug 8 Last Checked: Aug 8 at 2:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Advantage Real Estate

Investment Insights

Based on property information with market context.

Located in downtown Waseca, the property at 102 State Street North offers an investment opportunity with income-generating possibilities. The property features a solid structure with character and design. It includes a spacious main-level retail area suitable for business uses, a flexible short-term rental and event space, and storage areas. The property also features an upper-level garage service door leading to a rooftop entertainment area. Situated in a downtown location with visibility and foot traffic, the property presents opportunities for retail, rental income, or event hosting. The building has secure access and off-street parking. The layout offers flexibility and is suitable for office, studio, wellness, retail, or creative use. The property size is 3223 square feet.

Key Highlights

  • Prime downtown location with high visibility and foot traffic.
  • Rooftop entertainment space accessible via upper‑level garage service door.
  • Flexible short‑term rental and event space for additional income.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Restaurant Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

549
Businesses Nearby
16k
Monthly Visits Nearby

Foot Traffic Nearby

Home Improvements & Furnishings 68% Dining 17% Shops & Services 14%
Bomgaars Home Improvements & Furnishings
8,202 visits/mo 0.5 miles
Waseca Ace Hardware Home Improvements & Furnishings
2,664 visits/mo 0.4 miles
SUBWAY Dining
1,966 visits/mo 0.5 miles
Casey's General Store Shops & Services
1,482 visits/mo 0.4 miles
Napa Auto Parts Shops & Services
816 visits/mo 0.5 miles

Demographics for 56093, MN

12,469
Population
5,216
Households
2.4
Avg Household Size
40
Median Age
19%
College-Educated
92%
High-School Grad
180.5 sq mi
ZIP Area
69
Density / Sq Mi
$73,210
Median Household Income
$42,474
Median Earnings
$829
Median Rent
$214,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Versatile property in downtown Waseca with retail and rental potential.
Where is this mixed-use property located?
The property is located at 102 State St N Waseca, MN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime downtown location with high visibility and foot traffic.; Rooftop entertainment space accessible via upper‑level garage service door.; Flexible short‑term rental and event space for additional income.
More about this property
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