Investment or business opportunity. Former one story school building sits on a 5 acre parcel. This one story building offers 38,894 sq ft of usable space. Two detached garages onsite, one garage has 952 sq ft and another with 1760 sq ft. Property is in great condition, and easily converted to apartments, assisted living facility, educational, office space. Waldorf recently completed an $16 million dollar infrastructure process with new sewer, water, storm sewer, sewage ponds, water tower and water treatment plant rehab including new curb and gutters throughout the city with no tax assessments to the property owners. Super convenient location to St. Clair, Pemberton, MN Lake, Mapleton, Mankato, N. Mankato, Waseca, Albert Lea, Owatonna and Austin.