Building Details

Buildings 1

Listing Agency: BorgsHomes Realty

Listed By: Julie Meister · License #MN

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 4:17PM

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Investment Insights

Based on property information with market context.

Located at 259 E Main Street in Waterville, Minnesota, this renovated mixed-use property occupies a late-1800s building formerly used as a post office. The ground-floor retail area is currently leased to a coffee shop and features storefront exposure on two sides of the corner building.

Two upstairs apartments are reached through a separate secure entrance. One is an efficiency unit with 12-foot ceilings, new windows, updated flooring, and a full kitchen and bathroom. The other offers two bedrooms, updated flooring, abundant natural light, a large bathroom, and dedicated laundry. The combination of occupied retail space and residential units creates a multi-component property with distinct commercial and apartment areas.

Key Highlights

• Renovated late‑1800s mixed‑use building at 259 E Main Street
• Ground‑floor retail space currently leased to a coffee shop
• Two‑sided storefront on a corner lot

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Hair Salon Garden Center (Bike/Boat/Book/etc) Store Storage Facility Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

179

Businesses Nearby

Explore this area Business Placement

Demographics for 56096, MN

2,909

Population

1,566

Households

1.9

Avg Household Size

48

Median Age

20%

College-Educated

93%

High-School Grad

55.7 sq mi

ZIP Area

52

Density / Sq Mi

$79,879

Median Household Income

$41,201

Median Earnings

$839

Median Rent

$245,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner-lot property combines leased retail space with separately accessed apartments.

Where is this mixed-use property located?

The property is located at 259 E Main Street Waterville, MN.

What are key features of this property?

This property features: Renovated late‑1800s mixed‑use building at 259 E Main Street; Ground‑floor retail space currently leased to a coffee shop; Two‑sided storefront on a corner lot