116 Main St Wabasha, MN 55981
- Commercial real estate
- 2,325 SF
- 0.01 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 116 Main St
- Year built
- 1880
- Lot size
- 0.01 lot acres
- Property size
- 2,325 SF
- Property type
- Commercial real estate
Description
This 2,325 square foot commercial building, located at 116 Main Street East in Wabasha, Minnesota, presents a unique investment opportunity. Built in 1880, this historic property boasts prime Main Street frontage in a picturesque river town, offering excellent visibility and foot traffic. The building's rich history and character create a unique atmosphere, ideal for a variety of businesses. The current configuration includes two upstairs apartments, providing potential for rental income or owner occupancy. These apartments offer additional revenue streams or comfortable living space. The property also features a sizable outdoor area accessible through a rear door, expanding the potential uses and creating additional space for outdoor seating or activities. Wabasha's thriving tourism industry, fueled by eagle viewing and a new public dock, presents a strong market for businesses catering to visitors. The property's location offers easy access to Wisconsin via a nearby bridge, further expanding its market reach. This is a rare chance to own a piece of Wabasha's history and capitalize on its growing tourism and community appeal. The 0.01-acre lot provides ample space for the building and potential for outdoor improvements. The asking price is $325,000. This property is ready for its next chapter and awaits a visionary entrepreneur to bring its potential to life.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wabasha
- County
- Wabasha
- State
- Minnesota
- Longitude
- -92.03136
- Latitude
- 44.38311