Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Downtown
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a rare chance to acquire a unique, historic mixed-use portfolio in the heart of downtown Waseca, Minnesota. The property comprises a total of 41 units, strategically divided into 14 office and retail spaces and 27 apartments, all currently boasting 100% occupancy. This well-established portfolio offers immediate cash flow with a strong 8.00% capitalization rate, making it an attractive proposition for investors seeking a high-yield return. The asking price is $2,100,000. Located in the vibrant downtown area, with the address in Waseca, MN, zip code 56093, this property benefits from high visibility and convenient access to local amenities. The portfolio's diverse tenant mix ensures stability and resilience, while the existing structure presents a solid foundation for future value appreciation. The 27 apartment units and 14 office and retail spaces provide a balanced income stream, minimizing risk and maximizing potential. This is a perfect value-add project, allowing for future equity extraction and potential for further development. The property consists of 27 buildings and offers a significant opportunity for long-term growth and profitability in a thriving Minnesota market. The total square footage is not specified. This is a truly exceptional opportunity to acquire a substantial and profitable mixed-use portfolio in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waseca
- County
- Waseca
- State
- Minnesota
- Longitude
- -93.5408
- Latitude
- 44.0793
