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    575 2Nd St S Waite Park, MN 56387

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    For Lease
    $20 SF/Yr ($10,736 /Mo)

    Retail space with high visibility in a Home Depot outlot.

    Property size:
    6,442 SF
    Lot size:
    6,442 SF

    Property Features for 575 2Nd St S

    General Information

    Size
    6,442 SF

    Building Details

    Year built
    1999

    Source: Mike Bobick, CCIM Agent Mike Bobick, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space in Waite Park

    This retail space offers a prime location with significant visibility, encompassing approximately 6,442 square feet. The property is strategically positioned on a controlled intersection within the Home Depot parking lot, providing excellent exposure to the substantial traffic on 2nd Street, which sees over 30,000 vehicles daily. Situated directly on 2nd Street (State Highway 23) in Waite Park, it benefits from its location in a Home Depot outlot. The location offers convenient customer parking. Neighboring businesses include Home Depot, Hobby Lobby, IHOP, Texas Roadhouse, Aldi, Dicks, Toyota, and Magnifi. The estimated CAM/Tax for 2025 is $8.00 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waite Park
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.224931
    Latitude
    45.549872

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility in a Home Depot outlot.
    Where is this retail space located?
    The property is located at 575 2Nd St S Waite Park, MN.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Prime location with unparalleled visibility on 2nd Street (State Highway 23).; - High traffic volume: 30,000+ ADT on 2nd Street.; - Located in the Home Depot parking lot with a controlled intersection.
    (320) 333-2692
    Request Owner's contact information
    575 2Nd St S Waite Park, MN 56387
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    Waite Park, MN 56387
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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
    575 2Nd St S Waite Park, MN 56387
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