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    1230 N State St Waseca, MN 56093

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    For Sale
    $4,500,000

    Adaptable space ideal for retail, cultivation, food manufacturing, and cold storage.

    Property size:
    43,693 SF
    Lot size:
    7.54 Acres

    Property Features for 1230 N State St

    General Information

    Size
    43,693 SF
    Lot size
    7.54 Acres

    Source: ReUrban LLC Agent Dixon Diebold

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

    Overview

    Versatile Retail/Cultivation/Manufacturing Facility

    This adaptable facility, located one hour from Minneapolis, is ideally suited for retail, cannabis cultivation, food manufacturing, or cold storage. Suite 1230 offers approximately 35,000 square feet of space with expansion possibilities. The property features a commercial kitchen equipped with floor drains, sinks, hoods, walk-in coolers, food preparation areas, and loading docks, complemented by a full HVAC system. Electrical capacity includes a 1600 amp 208v service, with 480v also available. Situated close to 35W, the location facilitates distribution to the north (metro area) and south (Iowa), with convenient east/west access via Highway 14. The property is co-anchored by Bomgaars Fleet and Farm, with Walmart and O'Riley Auto located across the street. The property is located on N State Street, which features the highest traffic counts in the market. Waseca is the county seat of Waseca County.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waseca
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.5055085
    Latitude
    44.089921

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    FAQs

    What type of property is this?
    Retail space - Adaptable space ideal for retail, cultivation, food manufacturing, and cold storage.
    Where is this retail space located?
    The property is located at 1230 N State St Waseca, MN.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Millions of dollars in commercial kitchen infrastructure already in place including floor drains, sinks, hoods, walk-in coolers, food prep areas, loading docks, and full HVAC.; - Ideal for retail, cannabis cultivation, food manufacturing, or cold storage.; - Excellent distribution location: close to 35W for North/South and Hwy 14 for East/West access.
    (651) 343-1889
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    1230 N 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
    1230 N State St Waseca, MN 56093
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