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    111 State St Waseca, MN 56093

    For Sale
    $205,000

    Prime Office Space - For Sale or Lease

    Property size:
    4,796 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 4,796 square foot office building is ideally situated in Waseca's vibrant downtown business district at 111 State Street N. The property offers excellent visibility and convenient access to local amenities, making it a highly desirable location for a variety of businesses. Currently available for sale at $205,000 or lease, this well-maintained building provides flexible office space suitable for a range of professional uses, including legal, financial, medical, or general office operations. The building can be leased in its entirety or subdivided to accommodate specific business needs. Lease rates start at a competitive $6.00 per square foot (gross). The building's nearly 5,000 square feet of space presents a significant opportunity for businesses seeking to establish a strong presence in the heart of Waseca's commercial center. Its prime location and adaptable layout make it an attractive option for both purchase and lease arrangements, catering to a variety of business sizes and requirements. This is a rare opportunity to acquire a substantial and well-positioned office building in a thriving downtown area. The property is ready for immediate occupancy and offers a fantastic return on investment for prospective buyers or a cost-effective solution for businesses seeking lease space.

    Property Features for 111 State St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,796 SF

    Building Details

    Year Built
    1886
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waseca
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.5078
    Latitude
    44.07804

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space - For Sale or Lease
    Where is this office property / space located?
    The property is located at 111 State St Waseca, MN.
    What is the asking price?
    The asking price for this property is $205,000.
    (507) 387-5151
    Request Owner's contact information
    111 State St Waseca, MN 56093
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    Waseca, MN 56093
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    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
    111 State St Waseca, MN 56093
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