100 State S St Waseca, MN 56093-3043
This exceptional 9,020 square foot retail property, situated on a 0.18-acre lot at 100 State Street North in Waseca, Minnesota, presents a unique investment opportunity. The open floor plan is perfectly suited for a variety of retail businesses, allowing for flexible layouts to maximize display space and customer flow. The property's inherent versatility is further enhanced by its inclusion of several income-generating components. The Refinery 507, a fully operational kitchen and cocktail venue, provides a consistent revenue stream and adds to the property's overall appeal. A flexible basement space, "The Event," is ideal for hosting private functions such as rehearsal dinners, baby showers, or corporate gatherings. Adding to the property's multi-faceted nature is an upstairs studio, perfect for bridal preparation or photography sessions. Finally, three uniquely designed Airbnb units offer additional income potential and contribute to the property's dynamic and multifaceted character. This property offers a compelling blend of retail space, event venue, and short-term rental opportunities, making it an attractive investment in a vibrant community. The asking price for this exceptional property is $980,000. This is a rare opportunity to acquire a property with multiple income streams in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.