Property profile

418 Jefferson St Wadena, MN 56482

OFF-MARKET
Apartment buildings
31,040 SF 2.06 ac lot Built 1923
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Property summary

AI-generated overview

This exceptional multi-use commercial building, formerly Wesley Hospital, presents a rare investment opportunity in Wadena, MN. Boasting a substantial 31,040 square feet of space on a 2.06-acre lot, this property offers unparalleled versatility. Its expansive layout and numerous rooms allow for a wide range of development possibilities, from multi-family housing to office spaces, or a creative mixed-use project. The building features convenient on-site parking with approximately 63 spaces, including 3 handicap-accessible spots. Internal features include laundry facilities, perfect for residential or commercial tenants, and attached garages providing secure parking or extra storage. Accessibility is ensured with an elevator servicing all floors. This landmark building is ready for a complete transformation, offering an unmatched potential for investors, developers, or those seeking to establish a unique business presence. The property's size and location in Wadena provide a strong foundation for a successful venture. Don't miss this chance to acquire a piece of Wadena's history and shape its future. The possibilities are truly endless.

Property profile

Verified
Property type Apartment buildings
Year built 1923
Total area 31,040 SF
Lot 2.06 ac (89,734 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pediatrician

Location

418 Jefferson St Wadena, MN 56482
Wadena 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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