1230 N State St, Waseca, MN 56093
RETAIL For Lease For SaleYear Built: 1987
Floors: 1
| Space | Size | Type | Pricing |
|---|---|---|---|
| Lease - Retail / Cannabis Cultivation / Food Manufacturing / Cold Storage / Distribution | LEASE | Contact for pricing | |
| Retail / Cannabis Cultivation / Food Manufacturing / Cold Storage / Distribution | SALE | $3,800,000.00 |
Dixon Diebold - ReUrban LLC
PHONE: 6513431889
FOR LEASE OR SALE Turn-Key Retail / Manufacturing / Distribution Facility + Investment Opportunity INVESTMENT HIGHLIGHTS - 10% Cap Rate (Actual Income, With Term) - 100% Leased with FULL NNN reimbursements - All tenant spaces in excellent condition - Value-Add Redevelopment opportunity - Upside via re-tenanting, expansion, or conversion to storage/industrial - Strong regional draw from Bomgaars Fleet & Farm - Call broker for full financials, rent roll, & redevelopment scenarios PROPERTY SUMMARY A highly improved ±35,000 SF (expandable) commercial facility ideal for retail, self-storage conversion, cannabis manufacturing/extraction, food or beverage processing, cold storage, or distribution. The property includes millions of dollars of existing improvements—hoods, walk-in coolers, food prep buildout, loading docks, and full commercial HVAC—representing a rare turn-key opportunity for users or investors. Located just off I-35 with immediate access to HWY 14, the site provides exceptional north/south and east/west distribution connectivity. The center is co-anchored by Bomgaars Fleet & Farm and sits within Waseca, the county seat of Waseca County, offering a stable workforce and pro-business environment. KEY FEATURES & INFRASTRUCTURE - ±35,000 SF (Suite 1230) expandable footprint - Hood systems, walk-in coolers/freezers, food-prep areas - Multiple loading docks + grade loading - Full HVAC throughout conditioned production areas - 1600 amps / 208v power in place 480v available for heavy manufacturing - Excellent box condition; minimal deferred maintenance LOCATION ADVANTAGES - 1 hour south of Minneapolis on I-35 - Direct access to HWY 14 (east/west freight) - Strong regional trade area - County seat with stable infrastructure & labor base