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    1270 State St Waseca, MN 56093

    Sponsored
    For Lease
    Contact for pricing

    Prime Waseca Retail Space Available

    Lot size:
    43,693 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Class A, 43,693 square foot shopping center offers a unique leasing opportunity in Waseca, Minnesota. Currently, 38,000 square feet is available, divisible into spaces as small as 4,000 square feet, with a maximum contiguous space of 38,000 square feet. The property is situated on North State Street, the town's main thoroughfare, boasting high traffic counts. This location benefits from its proximity to major retailers including Walmart, O'Riley Auto Parts, Verizon, McDonald's, Burger King, Dairy Queen, Dollar Tree, Casey's General Store, and Quick Trip. The center's co-anchors include Bomgaars Fleet and Farm and Dr. Monson Optometry, providing strong synergy and attracting a diverse customer base. The former Cash Wise Foods and Liquor space presents a significant opportunity for a variety of retail uses. Waseca, the county seat of Waseca County, is a robust employment center and a popular seasonal lakes destination, serving a trade area of nearly 14,000 people, expanding significantly during the summer months. The property's location directly across from the junior/middle and senior high schools provides excellent visibility and accessibility. This is an exceptional opportunity to establish a presence in a thriving community with high foot traffic and strong demographics. The property is classified as Class A, reflecting its high quality and desirable features.

    Property Features for 1270 State St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,693 SF
    Class
    A

    Unit(s) available at that property

    Space
    Unit 4
    Size
    38,000 SF

    HighLights

    • Class A shopping center totaling 43,693 square feet.
    • Multiple tenancy with 38,000 square feet vacant.
    • Spaces available ranging from 4,000 to 38,000 contiguous square feet.
    • Located on North State Street, a high‑traffic area in Waseca, MN, near schools and major retailers.
    • Former Cash Wise Foods and Liquor location with co‑anchors Bomgaars and Dr. Monson Optometry.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waseca
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.50710255
    Latitude
    44.09019002

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    Nearby Similar for Lease

    • Contact for pricing
      248,121 SF

      Waseca Industrial/Office Space

      Large industrial space, flexible lease options.
      299 Johnson Ave, Waseca, MN 56093
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      Northridge Plaza Retail Center

      Waseca, MN Retail Space Available
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      View Details
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      Retail Space in Northridge Plaza

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    • $3,750,000
      70,400 SF

      Waseca Warehouse with Dock Doors

      70,400 SF warehouse featuring multiple loading docks.
      2401 State St N, Waseca, MN 56093
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Waseca Retail Space Available
    Where is this lifestyle center located?
    The property is located at 1270 State St Waseca, MN.
    What are key features of this property?
    This property features: Class A shopping center totaling 43,693 square feet.; Multiple tenancy with 38,000 square feet vacant.; Spaces available ranging from 4,000 to 38,000 contiguous square feet.
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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
    1270 State St Waseca, MN 56093
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