259 Main StWaterville, MN 56096

Property Details for 259 Main St

Year built

1892

Lot size

0.06 AC

Property size (Sq ft)

2,545 SF

Property type

Commercial real estate

Description

This exceptional 2,545 square foot commercial building, situated on a 0.06-acre lot at 259 Main Street East in Waterville, Minnesota, presents a unique investment opportunity. Previously utilized as a coffee shop, floral shop, and restaurant, this adaptable space offers endless possibilities for a variety of businesses. Its prime corner location in the heart of downtown Waterville ensures high visibility and accessibility. The building is well-maintained and recently updated, boasting an abundance of natural light throughout. A significant advantage is the inclusion of two income-generating residential apartments on the upper level. One is a studio apartment, and the other is a two-bedroom apartment, each featuring a separate entrance and its own garage. Both apartments are currently separately metered. This provides a substantial passive income stream in addition to the ground floor commercial space. The building's versatility extends to the potential for conversion of the commercial space into additional residential units, further enhancing its investment potential. Adding to its appeal, the roof was completely replaced in May 2024, ensuring long-term structural integrity and minimizing future maintenance costs. This property represents a rare blend of commercial and residential income potential in a desirable downtown location. The asking price is $235,000.

Location Insight

City

Waterville

County

Le Sueur

State

Minnesota

Latitude

44.2191

Longitude

-93.5664

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