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Property profile & analytics

1400 2Nd St Waseca, MN 56093

  • Commercial real estate
  • 54,497 SF
Value Estimation
Location Intelligence
Property ID
US46-2632188
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1400 2Nd St

Year built
1969
Property size
54,497 SF
Property type
Commercial real estate
APN
17.227.0010
APU
172270010

Description

This exceptional 54,962-square-foot industrial facility, situated on a 4.22-acre lot in Waseca, Minnesota, presents a compelling investment opportunity. Located within the city's industrial park at 1400 2nd Street SE, 56093, this single-tenant, NNN-leased property boasts numerous desirable features. The building offers a substantial 13 grade-level doors (three oversized), providing ample access for loading and unloading. Inside, discover a clear height reaching up to 22 feet in certain areas, complemented by 17 built-in cranes (with capacities ranging from 2 to 10 tons) and overhead doors with 16-foot clearances. The property includes a fully functional paint room equipped with exhaust fans, a large cold storage area, private offices, a dock, and 480-phase power. Practical features such as floor drains and restrooms are also included, and the entire building is equipped with a sprinkler system. Heating is provided by forced gas heat and air in the office area and radiant heat in the industrial space. Extensive parking is available, accommodating up to 40 vehicles, and the property benefits from convenient access to Highway 13, US Highway 14, and proximity to Interstate 35 (13 miles away), a major distribution route in Minnesota. The strategic location between Mankato and Owatonna further enhances its appeal. Immediate possession is available. This property is ideally suited for a variety of industrial and light manufacturing uses.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $755,000
  • CAP approach

    CAP return
    Estimation
    6%
    $980,000
    6.5%
    $920,000
    7%
    $1,055,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,020,000
    Geo Method
    $1,155,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,155,000
    Retail
    $990,000
    Mixed-Use
    $895,000
    Hospitality
    $1,000,000
    Educational
    $1,055,000
    Residential Income
    $995,000
    Energy
    $995,000
    Income-Based Land
    $1,165,000
    Food Service
    $985,000

Location Insight

  • Map
  • Local Demand
City
Waseca
County
Waseca
State
Minnesota
Longitude
-93.5051
Latitude
44.0645

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,002
$137,900
$736,500
$874,400
-
$137,900
$736,500
$874,400
More about this property
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