Mixed-Use Income
For Sale
$495,000
102 State St N, Waseca, MN 56093
Two downtown buildings with retail, office, restaurant, event spaces, and short-term rental units—plus additional storage for operations.
Property Size6,591 SF
Days on Market51
Property Features for 102 State St N
General Information
Standard status
Active
Size
6,591 SF
Class
A
Property subtype
Multi Tenant Office
Building Details
Building Size
6,591 SF
Year Built
1906
Listing Agency:
North Star Commercial Real Estate Advisors
(612) 819-8285
Listed By:
Scott Naasz · License #40922534
(612) 819-8285
Source:
Thebrokerlist
Added: Jun 22
Changed: Aug 8
Last Checked: Aug 11 at 4:40AM
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 North Star Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This for-sale offering includes two adjacent buildings, 100 and 102 State St N, providing a diversified mix of income-generating and flexible spaces. Building 100 includes three short-term rental units, two event spaces, a main-level retail office space, and a restaurant space. Building 102 features a spacious main-level retail area, a flexible short-term rental and event space, and additional storage opportunities. The buildings are described as having modern updates throughout, supporting a functional mix of uses.
Located in the heart of downtown Waseca, the property is positioned for strong visibility and foot traffic, with proximity to local amenities as described in the remarks. The site is reached via directions from I-35 and state routes toward Waseca, with the destination on the right.
The combination of retail, office, event, restaurant, and short-term rental components makes the property broadly usable for an owner-operator or investor looking for multiple operating models under one roofline. On-site storage adds practicality for daily operations, leasing workflows, or event-related needs, while the event-ready spaces can support a range of gatherings depending on how the spaces are configured and used.
Located in the heart of downtown Waseca, the property is positioned for strong visibility and foot traffic, with proximity to local amenities as described in the remarks. The site is reached via directions from I-35 and state routes toward Waseca, with the destination on the right.
The combination of retail, office, event, restaurant, and short-term rental components makes the property broadly usable for an owner-operator or investor looking for multiple operating models under one roofline. On-site storage adds practicality for daily operations, leasing workflows, or event-related needs, while the event-ready spaces can support a range of gatherings depending on how the spaces are configured and used.
Key Highlights
- Two adjacent downtown Waseca buildings (100 and 102 State St N) built in 1906
- 100 State St N includes three short‑term rental units, main‑level retail/office space, two event spaces, and a restaurant space
- 102 State St N features a main‑level retail area, flexible short‑term rental and event space, plus additional storage
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two downtown buildings with retail, office, restaurant, event spaces, and short-term rental units—plus additional storage for operations.
Where is this short term rental 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 $495,000.
What are key features of this property?
This property features: Two adjacent downtown Waseca buildings (100 and 102 State St N) built in 1906; 100 State St N includes three short‑term rental units, main‑level retail/office space, two event spaces, and a restaurant space; 102 State St N features a main‑level retail area, flexible short‑term rental and event space, plus additional storage
