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    15 1St Ave Waite Park, MN 56387

    Sponsored
    For Lease
    $14 SF/Yr ($2,916 /Mo)

    Prime Retail/Office Space, 2500 sq ft

    Lot size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,500-square-foot single-tenant retail and office space is ideally situated in the Waite Park Retail Center, offering unparalleled visibility and accessibility. Located at the intersection of 1st Avenue North and Division Street West in Waite Park, Stearns County, this property boasts a prime location with high traffic volume on Division Street. The space is entirely vacant and ready for immediate occupancy. The layout includes a large office, an open showroom area, and approximately 1,000 square feet of shop/warehouse space. This versatile area features a 10' x 10' drive-in door and floor drains, making it suitable for a variety of businesses. The building provides ample parking for customers and employees, ensuring convenience and ease of access. This is a fantastic opportunity for a business seeking a well-located, spacious, and functional retail or office space with excellent visibility and convenient access. The property type is classified as Retail and Office, with the subtype being Executive Office and Retail Center. The total building square footage is 2,500 square feet, with all of it currently vacant. This presents a unique chance to establish a presence in a thriving location.

    Property Features for 15 1St Ave

    General Information

    Property type
    Shopping malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,500 SF
    Total Rate
    2916.67

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,500 SF
    Rate per SF
    $16

    HighLights

    • 2,500 square foot retail/office space available for lease in Waite Park, Stearns County.
    • Single‑tenant occupancy.
    • Space includes a large office, open showroom, and approximately 1,000 square feet of shop/warehouse space with a drive‑in door and floor drains.
    • Excellent visibility and convenient access to Division Street, with ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waite Park
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.2480903
    Latitude
    45.5124658

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    FAQs

    What type of property is this?
    Shopping mall - Prime Retail/Office Space, 2500 sq ft
    Where is this shopping mall located?
    The property is located at 15 1St Ave Waite Park, MN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 2,500 square foot retail/office space available for lease in Waite Park, Stearns County.; Single-tenant occupancy.; Space includes a large office, open showroom, and approximately 1,000 square feet of shop/warehouse space with a drive-in door and floor drains.
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    15 1St Ave 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
    15 1St Ave Waite Park, MN 56387
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