27 1St StWaite Park, MN 56387

For Sale
$297,777

Prime location, 3,500 SF, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $297,777 asking price for a mixed-use property.
  • 3,500 square feet on a 0.51-acre lot.
  • Located at 27 1st St N, Waite Park, MN 56387.
  • Value-add investment opportunity with multi-tenant potential.
  • $85.08 per square foot.
  • One-story building.

Property Details for 27 1St St

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
3,500 SF
Stories
1
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Waite Park
County
Stearns
State
Minnesota
Latitude
45.5554545
Longitude
-94.2148685
27 1St St, Waite Park, Minnesota

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27 1St St
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