Property profile

2000 State St Waseca, MN 56093

OFF-MARKET
Land
1.11 ac lot
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Property summary

AI-generated overview

This exceptional 1.106-acre commercial land parcel presents a remarkable investment opportunity in Waseca, Minnesota. Located at 2000 State Street North, this property boasts an unparalleled location directly across from a high-traffic Walmart, generating over 900,000 annual visits. The site's strategic position offers exceptional visibility and accessibility, placing your business within easy reach of a substantial customer base. The property is zoned B2, allowing for a wide range of commercial development options. Currently, a 9,100 square foot building sits on the land, offering potential for renovation or redevelopment. This prime location is already home to a cluster of national retailers including Dairy Queen, O'Reilly Auto Parts, McDonald's, and Burger King, creating a synergistic environment for new businesses. The property is available for sale, ground lease, or build-to-suit arrangements, providing flexibility to meet diverse business needs. This is an exceptional opportunity to establish a thriving business in a high-demand area with significant foot traffic and strong brand recognition. The property's size and location make it ideal for a variety of commercial uses, ensuring a strong return on investment. Seize this chance to capitalize on the vibrant commercial landscape of Waseca, Minnesota. The property is owned by Hutton.

Property profile

Verified
Property type Land
Lot 1.11 ac (48,177 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2000 State St Waseca, MN 56093
Waseca metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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