27 1St St Waite Park, MN 56387

Property Details for 27 1St St

Lot size

0.51 lot acres

Property size

3,500 SF

Property type

Commercial real estate

Description

This exceptional mixed-use property, located at 27 1st St N in Waite Park, Minnesota, presents a compelling investment opportunity. The 3,500 square foot building sits on a 0.51-acre lot, offering significant potential for a variety of uses. Its strategic location at the intersection of Crossroads Mall and Scheels provides unparalleled visibility and accessibility, ideal for retail, business centers, or service-oriented businesses. The property is currently offered as a value-add investment, allowing for customization and potential increased profitability. The seller is flexible and willing to consider an "as-is" sale, a build-to-suit arrangement, or a build-and-leaseback option with a long-term lease to a qualified tenant. The asking price is $297,777, translating to a price per square foot of $85.08. The single-story building offers a versatile layout adaptable to various business needs. This property's prime location and flexible ownership options make it an attractive investment prospect in a thriving Minnesota community. The property is situated just west of Waite Ave on 1st St N, ensuring high traffic and visibility. This is a rare opportunity to acquire a well-positioned mixed-use property with significant upside potential.