Property profile

205 Jefferson St Wadena, MN 56482

OFF-MARKET
Mixed-use properties
Property ID
US46-2602388
5,241 SF 0.08 ac lot Built 1895
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Property summary

AI-generated overview

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

Verified
Property type Mixed-use properties
Year built 1895
Total area 5,241 SF
Lot 0.08 ac (3,485 SF)
UPID US46-2602388

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

205 Jefferson St Wadena, MN 56482
Wadena metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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