205 Jefferson St Wadena, MN 56482
- Mixed-use properties
- 5,241 SF
- 0.08 lot acres
Current Use by Public Records
- MERAKI MEXICAN RESTAURANT AND BAKERY / Mexican Grocery Store / Mexican Torta Restaurant
Property Details for 205 Jefferson St
- Year built
- 1895
- Lot size
- 0.08 lot acres
- Property size
- 5,241 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property at 205 Jefferson Street S, Wadena, MN, presents a unique investment opportunity. The 5,241 square foot building sits on a 0.08-acre lot in the heart of downtown Wadena and offers a fully equipped commercial space ideal for a bakery, restaurant, or similar retail business requiring a food license. The sale includes a substantial amount of commercial and industrial equipment and supplies, much of which is in excellent condition, representing significant value for a new owner. This turnkey setup minimizes initial investment and allows for immediate operation. Beyond the commercial space, the property boasts three residential rental units, providing a valuable supplemental income stream to offset operating expenses and enhance the overall return on investment. The building's historic character adds to its charm and potential, making it a truly remarkable opportunity in a desirable downtown location. The property is priced at $365,000. Additional photos will be available shortly. This is a rare chance to acquire a well-established, income-generating property with significant potential for growth and expansion. The combination of commercial and residential space offers a unique blend of income streams and operational flexibility. Don't miss this chance to own a piece of Wadena's history and build your business success.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wadena
- County
- Wadena
- State
- Minnesota
- Longitude
- -95.13815
- Latitude
- 46.44012
