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    315 N Cedar Ave Owatonna, MN 55060

    For Sale
    $388,900

    Commercial - Owatonna, MN

    Lot size:
    0.12 Acres
    Days on Market:
    310
    Last Refresh:
    Dec 13 at 6:06 am

    Property Features for 315 N Cedar Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    171002025
    Parking features
    Carport, Garage, Garage - Detached, Other
    Exterior features
    Brick/Stone
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1914
    Flooring type
    Carpet, Linoleum, Tile, Vinyl
    Roof type
    Rubber
    Architectural style
    Other

    RE/MAX Venture (507) 456-2545 [email protected]

    Listing agent Matt Gillard (507) 413-8100

    Listing date Feb 7, 2025

    MLS# 6658425 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Owatonna Commercial Building with Apartments

    This well-maintained commercial building, situated in a blossoming downtown historic district, offers over 6200 finished square feet. The main floor features over 4,000 square feet of retail space, currently operating as a retail business, and includes a convenient kitchenette. The original high ceilings could be exposed to create an open feel, and the large area could be divided to accommodate various retail or office needs. The property includes two large two-bedroom apartments and one studio apartment, all presently occupied and generating rental income. Additionally, the property provides a garage, a carport, and off-street parking for the tenants. The lot size is 0.124 acres. The zoning is Business/Commercial, allowing for a range of potential uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Owatonna
    County
    Steele
    State
    Minnesota
    Longitude
    -93.225628
    Latitude
    44.087276

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    FAQs

    What type of property is this?
    Retail space - Well-maintained commercial building with retail space and residential rental units.
    Where is this retail space located?
    The property is located at 315 N Cedar Ave Owatonna, MN.
    What is the asking price?
    The asking price for this property is $388,900.
    What are key features of this property?
    This property features: - Over 6200 finished square feet in a well-maintained building.; - Located in a blossoming downtown historic district.; - **4,000+ sq ft main floor suitable for retail or office space with a kitchenette.**
    (507) 413-8100
    Request Owner's contact information
    315 N Cedar Ave Owatonna, MN 55060
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    Owatonna, MN 55060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    315 N Cedar Ave Owatonna, MN 55060
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