Property summary
This exceptional mixed-use property at 205 Jefferson Street S, Wadena, MN, presents a unique investment opportunity. The 5,241 square foot building sits on a 0.08-acre lot in the heart of downtown Wadena and offers a fully equipped commercial space ideal for a bakery, restaurant, or similar retail business requiring a food license. The sale includes a substantial amount of commercial and industrial equipment and supplies, much of which is in excellent condition, representing significant value for a new owner. This turnkey setup minimizes initial investment and allows for immediate operation. Beyond the commercial space, the property boasts three residential rental units, providing a valuable supplemental income stream to offset operating expenses and enhance the overall return on investment. The building's historic character adds to its charm and potential, making it a truly remarkable opportunity in a desirable downtown location. The property is priced at $365,000. Additional photos will be available shortly. This is a rare chance to acquire a well-established, income-generating property with significant potential for growth and expansion. The combination of commercial and residential space offers a unique blend of income streams and operational flexibility. Don't miss this chance to own a piece of Wadena's history and build your business success.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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