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$850,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.179 Acres
  • Updated 1 hour ago
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Located in the heart of downtown Waseca, 100 State Street North presents an exceptional investment opportunity with a diverse mix of income-generating spaces and modern updates. This vibrant multi-use property offers a unique blend of functionality, character, and thoughtful design, making it a valuable addition to any portfolio. The building features three thoughtfully designed short/long-term rental units, two versatile event spaces, and a main-level retail or office/gathering space. The former restaurant space offers excellent potential for reactivation or conversion and currently supports event use, adding flexibility and additional income opportunities. 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. Don't miss the opportunity to invest in this unique downtown property and unlock its full potential.

Full Property Details for 100 State St N

General

  • Price: $850,000
  • Taxes: $7,236 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7010269
  • Updated: Today (1/19/2026)
  • Added to Site: Today

Interior

  • Appliances: Gas Water Heater, Water Softener Owned
  • Flooring: See Remarks, Wood

Additional Information

  • Amenities: Ceiling Fan(s), Hardwood Floors

Parking

  • Parking Features: Gravel, On-Street Parking Only

Location

  • County: Waseca
  • Township: Waseca
  • Subdivision: City/Waseca
  • Driving Directions: From I-35, take exit 40 from mn-14 west toward Waseca. follow mn-14 west for about 20 miles. Take the mn-13 exit towards Waseca, then turn onto Mn-13 south. continue for about 2 miles, turn right onto 2nd Ave NW, and left onto state St N. destination is on the right.

School Information

  • School District: 2287 - Waseca
  • High School District: Waseca

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Separate

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Full, Owner Access, Partially Finished, Storage Space
  • Foundation Size: 3378
  • Disability Access: Wheelchair Ramp(s)
  • Current Bldg. Use: Professional/Office, Commercial, Event Space, Hotel/Motel, Office, Vacant
  • Year Built: 1906

Lot Features

  • Lot Size (Acres): 0.179
  • Frontage: City Street
  • Zoning: Business/Commercial
  • Lot Description: Corner Lot

Financial Considerations

  • Tax Amount: $7,236
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: ORIGINAL PLAT S 30 FT OF LOT 12 BLK 8
  • Inclusions: Building, Fixture/Equipment, Leases
  • Property ID: 171001420

Listed by Berkshire Hathaway HomeServices Advantage Real Estate

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Listing agents

— 100 State St N —

  • Berkshire Hathaway HomeServices Advantage Real Estate

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 100 State St N

School District:Waseca Public School District
NameGradesDistance
Hartley Elementary School
605 7th Street Northeast, Waseca, MN 56093
K-30.5 mi
Waseca Intermediate Elementary School
400 19th Avenue Northwest, Waseca, MN 56093
4-61.4 mi
Waseca Junior High School
1717 2nd Street Northwest, Waseca, MN 56093
7-81.2 mi
Waseca Senior High School
1717 2nd Street Northwest, Waseca, MN 56093
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 100 State St N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/19/2026
Listed
$850,000
188.14%
MLS
6/25/2021
Sold
$295,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 100 State St N

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,236
—
$286,100
6%
2022
$7,218
-2%
$269,400
12%
2021
$7,342
—
$240,300
—
2021
$7,366
97%
$240,300
—
2019
$3,738
-58%
$240,300
-13%
2018
$8,952
5%
$274,800
3%
2017
$8,558
—
$266,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Berkshire Hathaway HomeServices Advantage Real Estate

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100 State Street N, Waseca, MN 56093 (MLS# 7010269) is a Commercial property. 100 State Street N is currently listed for $850,000 and was received on January 19, 2026. Want to learn more about 100 State Street N? Do you have questions about finding other Commercial real estate for sale in Waseca? You can browse all Waseca real estate or contact a Coldwell Banker agent to request more information.

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