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Property profile & analytics
OFF-MARKET
Commercial real estate

100 State S St Waseca, MN 56093-3043

Entity Owned 3-yr Hold Free & Clear
Property ID
US46-2107192
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 17.100.0250
UPID US46-2107192
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Eli Lutgens LLC · 3 yrs held
Eli Lutgens LLC
since 2023
Last sale
$60,000
1 recorded transaction
2023
$60,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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