100 State Street North, Waseca, MN 56093 For Sale

Located in the heart of downtown Waseca, this historic mixed-use property presents a rare opportunity for investors seeking a stable cash-flow asset with upside potential. The building features four fully renovated residential units on the second floor, providing immediate rental income, and a versatile main-floor commercial space suitable for retail, office, restaurant or creative use.

Situated in a prime downtown location with high visibility and strong foot traffic, 100 State Street offers endless possibilities for rental income, business operations, and event hosting.

With flexible leasing options, off-street parking, and a well-maintained structure, this property is turnkey-ready for an investor looking to generate income while capitalizing on the value-add potential of downtown Waseca commercial real estate.

Investment Highlights

• Stable Residential Income: Four fully updated apartment units currently producing rent, turnkey and well-maintained

• Commercial Upside: Ground-floor retail / office / studio space ready for lease or tenant improvement

• Downtown Location: Strong visibility and proximity to local amenities, city services, and foot traffic

• Historic Character + Modern Updates: Maintained historic façade with updated infrastructure, including plumbing, electrical, and mechanical systems

• Flexible Options: Opportunity to reposition commercial space for higher rents or subdivide for multiple tenants

• Secure & Accessible: Off-street parking and secure building access