418 Jefferson St, Wadena, MN 56482
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.
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Adult & Pediatric Urology Pediatrician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.