26-Unit Apartment
For Sale
Contact for pricing
117 S State St, Waseca, MN 56093
Four-property multifamily package near downtown shops, restaurants, an elementary school, parks, sports fields, and Clear Lake Park.
Property SizeContact for details
Days on Market143
Property Features for 117 S State St
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Buildings
4
Listing Agency:
RE/MAX Advantage Plus
(612) 720-0924
Listed By:
Brandon Capelle · License #MN 40510740
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 7:29PM
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 RE/MAX Advantage Plus
Investment Insights
Based on property information with market context.
This apartment portfolio combines four properties totaling 26 units: 117 S State Street includes 12 units, while 516 3rd Street NE contains 2 units, 512 3rd Street NE contains 6 units, and 509 4th Street NE contains 6 units. The three 3rd and 4th Street properties are adjoining parcels, creating a connected cluster of 14 units.
The 117 S State Street property is in downtown Waseca, within walking distance of restaurants and shops. The duplex and two six-unit buildings are positioned across from an elementary school, a park, and sports fields, with Clear Lake Park also within walking distance. Waseca is served by Hwy 14, a four-lane route connecting to Rochester, and is located 22 minutes west of Owatonna and 32 minutes east of Mankato. Rochester is one hour east of Waseca.
The 117 S State Street property is in downtown Waseca, within walking distance of restaurants and shops. The duplex and two six-unit buildings are positioned across from an elementary school, a park, and sports fields, with Clear Lake Park also within walking distance. Waseca is served by Hwy 14, a four-lane route connecting to Rochester, and is located 22 minutes west of Owatonna and 32 minutes east of Mankato. Rochester is one hour east of Waseca.
Key Highlights
- Four‑property apartment portfolio with 26 total units
- 117 S State Street property includes 12 units in downtown Waseca
- 516 3rd Street NE, 512 3rd Street NE, and 509 4th Street NE are adjoining parcels
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
552
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-property multifamily package near downtown shops, restaurants, an elementary school, parks, sports fields, and Clear Lake Park.
Where is this apartment building located?
The property is located at 117 S State St Waseca, MN.
What are key features of this property?
This property features: Four‑property apartment portfolio with 26 total units; 117 S State Street property includes 12 units in downtown Waseca; 516 3rd Street NE, 512 3rd Street NE, and 509 4th Street NE are adjoining parcels
