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$550,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.074 Acres
  • Updated 2 hours ago
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Located in the heart of downtown Waseca, 102 State Street North offers a compelling investment opportunity with multiple income-generating possibilities. This property features a solid structure rich with distinctive character and thoughtful design throughout. Highlights include a spacious main-level retail area, ideal for a variety of business uses, a flexible short-term rental and event space providing additional revenue potential, and ample storage areas for added functionality. And, wait until you experience the upper level garage service door that leads you to the roof top entertainment paradise! Situated in a prime downtown location with excellent visibility and consistent foot traffic, 102 State Street presents outstanding opportunities for retail, rental income, or event hosting. A rare chance to invest in a character-rich property with strong upside and versatility.

Full Property Details for 102 State St N

General

  • Price: $550,000
  • Taxes: $1,560 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7010286
  • Updated: Today (1/19/2026)
  • Added to Site: Today

Interior

  • Appliances: Exhaust Fan, Gas Water Heater, Range, Refrigerator

Additional Information

  • Amenities: Ceiling Fan(s), Hardwood Floors, Vaulted Ceiling(s)

Parking

  • Parking Features: On-Street Parking Only, Paved Lot

Location

  • County: Waseca
  • Township: Waseca
  • Driving Directions: From I-35, take Exit 40 for MN-14 west toward Waseca. Follow MN-14 west for about 20 miles. Take the MN-13 exit toward Waseca, then turn left 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: None Available

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Full, Partially Finished
  • Foundation Size: 2483
  • Disability Access: None
  • Current Bldg. Use: Commercial, Event Space, Hotel/Motel, Professional Service, Storage Facility, Vacant
  • Year Built: 1908

Lot Features

  • Lot Size (Acres): 0.074
  • Frontage: City Street
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $1,560.62
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: ORIGINAL PLAT LOT 11 & N 3 FT OF LOT 12 BLK 8
  • Inclusions: Building, Leases
  • Property ID: 171001400

Listed by Berkshire Hathaway HomeServices Advantage Real Estate

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Listing agents

— 102 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!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 102 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 102 State St N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/19/2026
Listed
$550,000
643.24%
MLS
3/01/2023
Sold
$74,000
—
Public Record
Get Price Alerts and Save Property
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 102 State St N

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,650
-10%
$74,300
7%
2022
$1,824
-2%
$69,400
12%
2021
$1,860
—
$62,100
—
2021
$1,864
97%
$62,100
—
2019
$944
-56%
$62,100
-12%
2018
$2,156
-3%
$70,900
4%
2017
$2,226
—
$68,300
—
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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102 State Street N, Waseca, MN 56093 (MLS# 7010286) is a Commercial property. 102 State Street N is currently listed for $550,000 and was received on January 19, 2026. Want to learn more about 102 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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