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

Two downtown buildings combining retail, short-term rental units, event spaces, and a restaurant for multiple income streams.

Property Size3,816 SF
Price / SF$129.72
Days on Market618

Property Features for 102 State St N

General Information

Standard status Active
Size 3,816 SF
Property subtype RETAIL
Listing Agency: eXp Commercial
Listed By: Scott Naasz · License #40922534
Source: Moodyscre
Added: Dec 2, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:07PM

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 eXp Commercial

Investment Insights

Based on property information with market context.

Located at 100 State St N and 102 State St N in downtown Waseca, MN, this two-building mixed-use property is described as having modern updates and a diversified mix of income-generating spaces.

At 100 State, the layout includes three short-term rental units, two event spaces, a main-level retail/office space, and a restaurant space. 102 State offers a main-level spacious retail area, plus a flexible short-term rental and event space, along with additional storage opportunities.

The property is positioned in downtown Waseca with the seller citing high visibility and foot traffic, supporting ongoing leasing and operating flexibility across retail, hospitality, and event uses.

Key Highlights

  • Downtown Waseca two‑building setup at 100 State St N and 102 State St N with multiple income‑generating spaces
  • 100 State St N: three short‑term rental units, main‑level retail/office space, two event spaces, and a restaurant space
  • 102 State St N: spacious main‑level retail area, flexible short‑term rental and event space, and additional storage opportunities

Property Analytics

Current Use

Short term rental ...

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

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Two downtown buildings combining retail, short-term rental units, event spaces, and a restaurant for multiple income streams.
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: Downtown Waseca two‑building setup at 100 State St N and 102 State St N with multiple income‑generating spaces; 100 State St N: three short‑term rental units, main‑level retail/office space, two event spaces, and a restaurant space; 102 State St N: spacious main‑level retail area, flexible short‑term rental and event space, and additional storage opportunities
(612) 819-8285 Call to check price and availability
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