111 State StWaseca, MN 56093

For Lease
$14-$168 /SF/YR

Historic Charm, 7 Suites Available

Overview

Added:
Dec 11, 2024
Days on market:
91
This charming, two-story, 4,795 square foot office building, located at 111 State St N in Waseca, Minnesota, presents a unique investment opportunity. Built in 1889, the Class B property boasts seven individual suites ranging from 127 to 1,980 square feet, suitable for various office configurations, including traditional, creative, coworking, and executive spaces. The building features attractive architectural details such as tall tin ceilings and large windows, creating a bright and inviting atmosphere. The upper level's open space presents potential for studio conversion. The property's prime downtown location on State Street, near Elm Ave, ensures high visibility and traffic. Street parking is available. The building is zoned commercial and has a Waseca County APN of 171000550. Situated in a quaint town with a population under 10,000, this property offers a convenient location, only 30 minutes from Mankato and 45 minutes from Rochester, Minnesota. The annual property taxes are $1.16 per square foot. While there are no elevators, the building's multiple suites allow for diverse tenancy and potential subleasing opportunities for increased cash flow. This is a turnkey opportunity for an owner to acquire a well-located, historically significant commercial property.

Highlights

  • Affordable rents.
  • High traffic counts due to prime downtown location.
  • Situated on State Street, Waseca's main commercial thoroughfare.
  • Downtown Waseca storefront location.
  • Excellent condition, turnkey office or retail space.
  • Large, open upper floor with original architectural details.

Property Details for 111 State St

Property type
Other office properties, Coworking space
RSF (Rentable sq. ft)
4,795 SF
Class
B
Year Built
1889
Buildings
1
Stories
2

Unit(s) available at that property

Space
101
Size
240 SF
Rate per SF
$16
Space
104
Size
360 SF
Rate per SF
$16
Space
102
Size
220 SF
Rate per SF
$16
Space
105
Size
127 SF
Rate per SF
$16
Space
102
Size
220 SF
Rate per SF
$168
Space
103
Size
175 SF
Rate per SF
$16
Space
200
Size
1,980 SF
Rate per SF
$14

Location Insight

City
Waseca
County
Waseca
State
Minnesota
Latitude
44.07802963
Longitude
-93.50778961
111 State St, Waseca, Minnesota

FAQs

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111 State St
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