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Freestanding Pharmacy with Drive-Through
For Sale
$885,000

223 State St N, Waseca, MN 56093

Single-tenant healthcare retail building with on-site parking and a prominent corner position.

Property SizeContact for details
Days on Market168

Property Features for 223 State St N

General Information

Standard status Active
Property subtype Commercial Land Development

Site & Location

Corner Location Yes
Drive-Thru Yes
Highway Access Yes
Road Access Yes

Building Details

Buildings 1
Tenancy Single
Listing Agency: Colliers | Minneapolis-St. Paul
Listed By: Lisa Christianson · License #MN 20313253
Source: Thebrokerlist
Added: Mar 18 Changed: Aug 30 Last Checked: Aug 30 at 5:43PM

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 Colliers | Minneapolis-St. Paul

Investment Insights

Based on property information with market context.

This freestanding pharmacy property operates as a single-tenant net-lease asset with a drive-through and ample on-site parking. The building serves pharmacy and everyday healthcare needs under the Thrifty White Pharmacy brand, an employee-owned company founded in 1884 with more than 90 locations across the Upper Midwest.

The property is positioned at 223 State St N in Waseca, Minnesota, on a prominent corner across from the county courthouse. It sits along the city’s principal commercial corridors with surrounding co-tenancy and convenient access. Waseca is located along U.S. Highway 14 and State Highway 13, approximately 72 miles south of Minneapolis, 25 miles east of Mankato, and 13 miles west of Owatonna.

Waseca has about 9,200 residents and serves as the county seat, with a trade area exceeding 11,000 residents. The broader community is supported by manufacturing, healthcare, agriculture and food production, and retail, while more than 290,000 workers are located within a 60-minute drive.

Key Highlights

  • Single‑tenant net‑lease pharmacy with drive‑through service
  • Freestanding building with ample parking
  • Prominent corner location across from the county courthouse

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Restaurant Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

534
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 88% Home Improvements & Furnishings 9% Dining 3%
Kwik Trip Shops & Services
15,416 visits/mo 0.2 miles
Casey's General Store Shops & Services
9,741 visits/mo 0.3 miles
Waseca Ace Hardware Home Improvements & Furnishings
2,664 visits/mo 0.0 miles
Napa Auto Parts Shops & Services
816 visits/mo 0.1 miles
Domino's Pizza Dining
810 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Thrifty White Pharmacy 223 State St N, Waseca, MN 56093
  • Kelsie Davis 501 State St N N, Waseca, MN 560932811

Frequently Asked Questions

What type of property is this?
Drug store - Single-tenant healthcare retail building with on-site parking and a prominent corner position.
Where is this drug store located?
The property is located at 223 State St N Waseca, MN.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Single‑tenant net‑lease pharmacy with drive‑through service; Freestanding building with ample parking; Prominent corner location across from the county courthouse
More about this property
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