Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    205 Jefferson St Wadena, MN 56482

    For Sale
    $365,000

    Turnkey Bakery/Restaurant w/ Rentals

    Property size:
    5,241 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property at 205 Jefferson Street S, Wadena, MN, presents a unique investment opportunity. The 5,241 square foot building sits on a 0.08-acre lot in the heart of downtown Wadena and offers a fully equipped commercial space ideal for a bakery, restaurant, or similar retail business requiring a food license. The sale includes a substantial amount of commercial and industrial equipment and supplies, much of which is in excellent condition, representing significant value for a new owner. This turnkey setup minimizes initial investment and allows for immediate operation. Beyond the commercial space, the property boasts three residential rental units, providing a valuable supplemental income stream to offset operating expenses and enhance the overall return on investment. The building's historic character adds to its charm and potential, making it a truly remarkable opportunity in a desirable downtown location. The property is priced at $365,000. Additional photos will be available shortly. This is a rare chance to acquire a well-established, income-generating property with significant potential for growth and expansion. The combination of commercial and residential space offers a unique blend of income streams and operational flexibility. Don't miss this chance to own a piece of Wadena's history and build your business success.

    Property Features for 205 Jefferson St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,241 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1895
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MERAKI MEXICAN RESTAURANT ... Mexican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wadena
    County
    Wadena
    State
    Minnesota
    Longitude
    -95.13815
    Latitude
    46.44012

    Nearby Comparable

    • $299,500
      3,469 SF

      Established Wadena Restaurant

      Turnkey Restaurant, High Cash Flow
      201 Jefferson St, Wadena, MN 56482
      View Details
    • $1,816,000
      31,040 SF

      Wadena Commercial Building - Huge Potential

      Historic Multi-Use Building, 31,040 sq ft
      418 Jefferson St, Wadena, MN 56482
      View Details
    • Contact for pricing
      1.11 Acres

      Walmart Outlot - Wadena, MN

      Prime 1.11-acre commercial land.
      100 Juniper Ave, Wadena, MN 56482
      View Details
    • $525,000
      154.14 Acres

      Wadena Land with Development Potential

      154-acre land parcel near Wadena, suitable for building or recreation.
      Tbd, Wadena, MN 56482
      View Details
    • $149,000
      2,688 SF

      Hewitt Service Station - Hwy 210

      Established Business, High Traffic Location
      608 3Rd Ave, Hewitt, MN 56453
      View Details

    Nearby Similar for Sale

    • $1,816,000
      31,040 SF

      Wadena Commercial Building - Huge Potential

      Historic Multi-Use Building, 31,040 sq ft
      418 Jefferson St, Wadena, MN 56482
      View Details
    • $299,500
      3,469 SF

      Established Wadena Restaurant

      Turnkey Restaurant, High Cash Flow
      201 Jefferson St, Wadena, MN 56482
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Turnkey Bakery/Restaurant w/ Rentals
    Where is this mixed-use property located?
    The property is located at 205 Jefferson St Wadena, MN.
    What is the asking price?
    The asking price for this property is $365,000.
    Request Owner's contact information
    205 Jefferson St Wadena, MN 56482
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    205 Jefferson St
    Wadena, MN 56482
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    205 Jefferson St Wadena, MN 56482
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.