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    345 Florence Ave Owatonna, MN 55060

    For Sale
    $1,032,000

    Commercial - Owatonna, MN

    Lot size:
    0.16 Acres
    Days on Market:
    295
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 345 Florence Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    176600101
    Parking features
    Parking Lot
    Exterior features
    Brick/Stone
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Architectural style
    Other

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

    Listing agent Matt Gillard (507) 413-8100

    Listing date Feb 14, 2025

    MLS# 6493581 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

    Versatile Commercial Building in Owatonna

    This 4,000 square foot commercial building in Owatonna, Minnesota, is currently configured for two distinct businesses. Each business space includes separate offices, reception areas, meeting space, storage, break rooms, and large flex spaces. A common area with restrooms separates the two business spaces. The building's design allows for redesigning the entire space to suit the needs of a single occupant, accommodating professional services, collaborative space, or medical use. The interior walls are non-load-bearing, offering flexibility to add offices, create more conference space, or expand open areas. The property is located 0.2 mile from I-35 access and includes parking. The lot size is 0.1607 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -93.242422
    Latitude
    44.086685

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    FAQs

    What type of property is this?
    Office building - 4,000 sq ft commercial building near I-35 access.
    Where is this office building located?
    The property is located at 345 Florence Ave Owatonna, MN.
    What is the asking price?
    The asking price for this property is $1,032,000.
    What are key features of this property?
    This property features: - 4,000 sq ft commercial building in a great location.; - Configured for 2 distinct businesses, featuring separate offices, reception areas, meeting space, storage, break rooms and large flex spaces.; - Non-load-bearing interior walls allow for complete redesign and flexible space configurations.
    (507) 413-8100
    Request Owner's contact information
    345 Florence 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
    345 Florence Ave Owatonna, MN 55060
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