This fully leased mixed-use investment property offers stable in-place income with significant future upside. The property features a market-rate residential apartment on the upper level and an established retail tenant on the main floor, generating over $35,000 in annual Net Operating Income.
With the retail lease set to expire in approximately 10 months, investors have a unique opportunity to increase rental rates, secure a new tenant at market terms, or occupy the space with their own business. The combination of immediate cash flow and near-term value-add potential makes this an attractive opportunity for both investors and owner-users.
Highlights
Prime Downtown Location: Situated in the heart of downtown Waseca, offering high visibility, foot traffic, and proximity to local amenities.
Diverse Income Streams: Combination of short-term rental units, retail spaces, event venues, and a restaurant provide multiple revenue opportunities.
Strong Tenant Appeal: Modern updates throughout both buildings ensure functionality and attractiveness for a variety of uses.
Flexible Use Spaces: Properties include retail, office, event, and residential options, allowing for adaptive reuse or portfolio diversification.
Storage Opportunities: Additional storage space offers potential for added rental income or operational utility.
